Yunnan Aluminium (000807) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥34.98 billion, up 20.3% year-over-year, with net profit attributable to shareholders at ¥7.68 billion, a 177.6% increase year-over-year.

• Gross margin and profitability improved significantly, driven by higher aluminum prices and optimized cost structure.

• The company maintained its position as a leading green aluminum producer, with 88% of electricity sourced from renewables.

• Major production volumes: 650,600 tons of alumina, 1,621,600 tons of aluminum products, and 390,800 tons of carbon products in H1 2026.

Financial highlights

• Operating income: ¥34.98 billion (+20.3% YoY); net profit: ¥7.68 billion (+177.6% YoY).

• Operating cash flow: ¥8.38 billion (+125% YoY); basic EPS: ¥2.22 (+177.5% YoY).

• Gross margin for aluminum smelting: 34.04% (+19.02% YoY); aluminum processing: 29.87% (+16.77% YoY).

• Total assets: ¥50.52 billion (+14.35% from year-end 2025); net assets: ¥38.16 billion.

Outlook and guidance

• Focus on stable production, cost control, and value creation for H2 2026.

• Continued investment in technology, digitalization, and green transformation.

• Targeting further growth in high-end alloys, recycling, and smart manufacturing.