Yunnan Aluminium (000807) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥24.65 billion, up 39.49% year-over-year, with net profit attributable to shareholders at ¥2.52 billion, a 66.26% increase year-over-year.

• Operating performance improved due to higher aluminum product sales and prices, with production and sales volumes both hitting record highs.

• The company maintained its position as a leading green aluminum supplier, with over 80% of electricity sourced from renewables.

• A mid-year cash dividend of ¥2.3 per 10 shares was proposed, totaling ¥797.63 million.

Financial highlights

• Operating income: ¥24.65 billion, up 39.49% year-over-year.

• Net profit attributable to shareholders: ¥2.52 billion, up 66.26% year-over-year.

• Basic EPS: ¥0.726, up from ¥0.437 year-over-year.

• Operating cash flow: ¥2.75 billion, up 32.88% year-over-year.

• Gross margin for main segments: 15.43% for smelting, 15.61% for processing.

Outlook and guidance

• Focus remains on expanding production, improving quality, and compliance, with targets for full-year output and sales.

• Plans to further leverage green energy, digital transformation, and cost optimization to enhance profitability.

• Continued investment in resource acquisition, smart manufacturing, and recycling projects.