TIANSHAN ALUMINUM(SZ:002532) Zheng Quan Shi Bao Wang·2025-04-17 11:59Group 1: Financial Performance - In 2024, the company achieved operating revenue of 28.089 billion yuan, a year-on-year decrease of 3.06%, while net profit reached 4.455 billion yuan, a year-on-year increase of 102.03%, with basic earnings per share of 0.96 yuan [1] - The company plans to distribute a cash dividend of 2 yuan per 10 shares, leading to a total cash dividend of 1.845 billion yuan for the year, which represents 41.42% of the net profit for 2024, resulting in a dividend yield of approximately 5.6% [1] - Since its listing in 2020, the total dividend distributed by the company has exceeded 6.2 billion yuan, with a commitment to maintain a cash dividend ratio of no less than 30% of net profit for the next three years [1] Group 2: ESG and Sustainability - The company released its first standalone ESG report, highlighting its sustainable development efforts across governance, environmental protection, industrial value, and quality of life [2] - The company set carbon peak targets, aiming for a 13.5% reduction in energy consumption per unit of output and an 18% reduction in carbon dioxide emissions per unit product by the end of 2025, with a goal of achieving over 30% renewable energy usage in electrolytic aluminum by 2030 [2] Group 3: Operational Insights - The increase in net profit is attributed to higher average sales prices and sales volumes of self-produced alumina and aluminum ingots, with production costs rising at a lower rate than sales prices [2] - The company's integrated supply chain advantages have become more pronounced, ensuring stable raw material and energy supplies, particularly due to local resources in Xinjiang and Guangxi [2] - The company is in a critical phase of reducing debt in 2024 and 2025 to lower financial costs and enhance risk resilience [3]