Q3 sales income of Nanshan Aluminium increased 59.15% year-on-year, while profit down 60.2%, net profit of parent company down 50%, realized EPS0.10 yuan, EPS0.46 yuan from January to September, lower than expected.
Fall of prices affect the profit of the company. During the reported period, price of electrolytic aluminium fell 20.1%, price of alumina fell from 3400 to 2900 yuan, which contributed to the balance of sales income of the company in Q3. however, net profit down from 19.1% in Q2 to 17.56%, which reduced sales profit by 45 million yuan.
Price fall of electrolytic aluminium and alumina pressed the prices of aluminium products.
It is predicted that constrained global mobility in Q4 would prolong the downtrend of base metals include electrolytic aluminium, shadowing a negative effect over the profit of the company. |
