Yunnan Aluminium (000807) H2 2024 earnings summary

Executive summary

• Revenue reached ¥54.45 billion, up 27.61% year-over-year, with net profit attributable to shareholders at ¥4.41 billion, up 11.52% year-over-year.

• Basic EPS was ¥1.27, an increase of 11.40% year-over-year.

• Total assets at year-end were ¥41.90 billion, up 6.59% from the previous year.

• The company maintained its position as a leading green aluminum producer, with 305 million tons of green aluminum capacity.

Financial highlights

• Operating income: ¥54.45 billion, up 27.61% year-over-year.

• Net profit attributable to shareholders: ¥4.41 billion, up 11.52% year-over-year.

• Operating cash flow: ¥6.95 billion, up 18.33% year-over-year.

• Gross margin for main products: 13.24% for electrolytic aluminum, 13.42% for aluminum processing.

• Asset-liability ratio decreased to 23.28% from 25.60% year-over-year.

Outlook and guidance

• 2025 production targets: 1.41 million tons of alumina, 3.01 million tons of electrolytic aluminum, 1.28 million tons of aluminum alloy and processed products, 780,000 tons of carbon products.

• Focus on stable production, cost control, digital transformation, and green development.

• Continued emphasis on green, low-carbon, and high-end product development.