Nanshan Aluminium’s net profit grows in 2020
Shandong Nanshan Aluminium Co., Ltd. reported that its operating income was around RMB 22.3 billion in 2020, a year-on-year increase of 3.67%. The net profit attributable to shareholders of listed companies was RMB 2.05 billion, a year-on-year hike of 26.3%.
During the period, the year-on-year increase of 3.42% in Nanshan Aluminium’s main business income was due to higher aluminum ingot prices and sales of aluminum products. The 0.15% hike in the firm’s business costs, lower than the growth in the revenue, was due to dropped purchase prices of main raw materials, such as bauxite, coal, natural gas, petroleum coke, and so on.
