Yunnan Aluminium (SZ:000807) Ge Long Hui A P P·2025-08-26 09:29Core Viewpoint - The report from Guosheng Securities highlights that Yun Aluminum's net profit attributable to shareholders for H1 2025 reached 2.77 billion yuan, reflecting a year-on-year increase of 10% [1] Financial Performance - In Q1 and Q2 of 2025, the company achieved revenues of 14.4 billion yuan and 14.7 billion yuan, representing year-on-year growth of 27% and 10% respectively, with a quarter-on-quarter increase of 1.8% in Q2 [1] - The net profit attributable to shareholders for Q1 and Q2 was 970 million yuan and 1.79 billion yuan, showing a year-on-year decrease of 16% in Q1 but a significant increase of 32% in Q2, with a quarter-on-quarter rise of 84% in Q2 [1] Dividend and Profitability - The increase in dividend payout ratio indicates the company's confidence in its operations, with aluminum products benefiting from both volume and price increases, thereby enhancing profitability [1] Operational Developments - Resource expansion and project construction are progressing steadily, leading to continuous improvement in industrial quality [1] - The completion and commissioning of a 30,000-ton aluminum alloy casting production line and the trial production of two furnace projects at Yun Aluminum Yuanxin are notable developments [1] - The calcined coke yield has improved by 6% year-on-year, showcasing operational efficiency [1] Innovation and Competitive Advantage - The company is focusing on technological innovation, enhancing its R&D capabilities, and has achieved full-process R&D testing for heat-treated aluminum alloys [1] - As a leading player in the domestic green aluminum industry, the company's integrated layout across the entire aluminum industry chain highlights its strong resource and cost advantages [1] - The current focus on capacity realization and cost reduction is critical for competitiveness, with the company expected to achieve significant growth through both alpha and beta resonance [1]