Shandong Nanshan Aluminium (600219) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥17.27 billion, up 10.25% year-over-year; net profit attributable to shareholders was ¥2.63 billion, up 19.95% year-over-year.

• Cash flow from operating activities increased 81.29% year-over-year to ¥4.82 billion.

• Growth was driven by higher sales and prices of Indonesian alumina and aluminum ingots.

• The company continues to expand its high-end product portfolio, with high-end aluminum products accounting for 14% of total sales and 23% of gross profit.

Financial highlights

• Operating income: ¥17.27 billion (+10.25% YoY); net profit attributable to shareholders: ¥2.63 billion (+19.95% YoY).

• Basic and diluted EPS: ¥0.23 (+21.05% YoY); ROE: 5.13% (+0.44pp YoY).

• Total assets: ¥72.93 billion (+3.8% from year-end 2024); net assets: ¥51.71 billion (+2.77%).

• Cash dividend proposal: ¥0.40 per 10 shares, total payout ¥464.5 million.

• Non-recurring gains: government subsidies, asset disposals, and hedging income contributed to profit.

Outlook and guidance

• The company plans to continue expanding high-end product capacity, especially in automotive and aerospace aluminum.

• Ongoing investment in Indonesian alumina and electrolytic aluminum projects to strengthen global supply chain and cost competitiveness.

• Dividend and share buyback policies remain in place to enhance shareholder returns.