天山铝业电解铝改造提升项目正式通电 一体化布局稳步绿色发展

Group 1 - The core viewpoint of the news is that Tianshan Aluminum has successfully launched a green low-carbon upgrade project for its 1.4 million tons of electrolytic aluminum capacity, which is expected to increase annual production by 20% to 1.4 million tons and achieve industry-leading power consumption levels [1] - Since its listing, Tianshan Aluminum has established industrial bases in resource-rich areas, possessing a complete industrial chain from bauxite, alumina, prebaked anodes, power generation, electrolytic aluminum, high-purity aluminum, to deep processing of aluminum, showcasing strong cost competitiveness [1] - The company has been enhancing its shareholder return system through high dividends and share buybacks, with cumulative cash dividends amounting to 7.17 billion yuan since its listing [1] Group 2 - In the 2025 interim dividend plan, Tianshan Aluminum has committed to a cash dividend totaling no less than 50% of the net profit attributable to shareholders, an increase from the 41% proposed in 2024, positioning it as one of the highest dividend-paying companies in the A-share non-ferrous sector [2] - The company has completed multiple rounds of share buybacks, with a total of 23.7 million shares repurchased by September 30, 2025, representing 0.51% of the total share capital, and a total expenditure exceeding 200 million yuan [2] - The decision to cancel the repurchased shares is interpreted as a "quasi-dividend" operation, enhancing shareholder equity and demonstrating management's confidence in the company's intrinsic value and future development [3]