NANSHAN ALUMINIUM(SH:600219) Sou Hu Cai Jing·2025-09-03 03:19Core Viewpoint - Nanshan Aluminum reported significant double-digit growth in both revenue and profit for the first half of 2025, indicating strong operational performance and financial health [1]. Financial Performance - The company's revenue for the first half of 2025 reached 17.274 billion yuan, representing a year-on-year increase of 10.25% [2]. - The net profit attributable to shareholders was 2.625 billion yuan, up 19.95% year-on-year, while the net profit excluding non-recurring items was 2.611 billion yuan, reflecting a 21.04% increase [2]. - Basic earnings per share stood at 0.23 yuan [2]. Profitability Metrics - Nanshan Aluminum's gross margin for the first half of 2025 was 28.51%, an increase of 3.28 percentage points compared to the previous year [3]. - The net profit margin improved to 19.19%, up 2.42 percentage points year-on-year [3]. Cost Management - The company's operating expenses totaled 1.116 billion yuan, a decrease of 90.879 million yuan from the previous year, with an expense ratio of 6.46%, down 1.24 percentage points [3]. - Sales expenses decreased by 12.34%, management expenses fell by 4.67%, R&D expenses were down by 0.55%, and financial expenses saw a significant reduction of 88.39% [3]. Executive Compensation - The chairman and general manager, Lv Zhengfeng, received a salary of 1.418 million yuan in 2024, reflecting a 17.87% increase from the previous year's salary of 1.203 million yuan [5]. Historical Context - Nanshan Aluminum, established in 1993 and listed in 1999, specializes in the development, production, processing, and sales of aluminum and aluminum alloy products, as well as power generation [5].