Shandong Nanshan Aluminium (600219) investor relations material

Executive summary

• Revenue reached ¥34.62 billion, up 3.41% year-over-year; net profit attributable to shareholders was ¥4.74 billion, down 1.96% year-over-year.

• High-end products (auto and aerospace aluminum) accounted for 16% of sales and 26% of gross profit.

• Major overseas expansion in Indonesia, with full commissioning of 4 million tons alumina capacity and ongoing electrolytic aluminum and chemical projects.

• Focus on high-end, green, and global strategy, with strong R&D and patent output (29 patents granted in 2025).

Financial highlights

• Operating income: ¥34.62 billion (+3.41% YoY); operating cost: ¥25.90 billion (+6.24% YoY).

• Net profit attributable to shareholders: ¥4.74 billion (-1.96% YoY); basic EPS: ¥0.41.

• Operating cash flow: ¥7.43 billion (-2.47% YoY); net assets: ¥49.59 billion.

• Gross margin for aluminum products: 25.04%; overseas revenue share: 54%.

• R&D investment: ¥1.31 billion, 3.79% of revenue; 2,001 R&D staff (12.37% of total employees).

Outlook and guidance

• Industry trends favor high-end, green, and lightweight aluminum applications in automotive, aerospace, and packaging.

• Company to expand high-end product capacity, deepen domestic and overseas market penetration, and accelerate green transformation.

• 2026 dividend policy: at least 40% of distributable profit as cash dividend annually.