Shandong Nanshan Aluminium Co.Ltd(600219) release performance forecast. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be RMB 3.080 billion to RMB 3.515 billion, with a year-on-year increase of 50.32% to 71.55%.
The production and sales of the company’s automobile board products were booming in 2021, and the sales volume exceeded 110000 tons. The company built a new 21000 ton high-performance power battery foil production line, which was put into trial production in October 2021, further increasing the sales volume of the company’s high-end power battery foil products; During the reporting period, the price of aluminum rose sharply compared with the same period last year. The company owned electrolytic aluminum and benefited from the rise in aluminum price and increased profits. Alumina prices continued to rise. The company’s phase I 1 million ton alumina project in Indonesia was put into trial production in May 2021 and successfully reached production in September 2021, providing a new source of profit for the company.
