好的，尊敬各位投资者，大家下午好，我是长江属王浩涛团队的于宏。那今天的这个 1 点 的开门红电话会议，我们也是很荣幸的邀请到咱云铝股份的证代，王继四总跟我们做个最 新的沟通。是的。咱那个开门大吉，骏马这个腾飞。咱也可以开始了，可以先简单的这个 回顾一下我们整个 25 年的这个经营情况，一会对 26 年做个大致展望，谢谢。 云铝股份证代王继四总: 25 年的话，应该是感谢这个开工第一天，然后在线上参加咱们本次交流的各位投资者，祝 大家，也是祝大家马上，马年大吉，马上发财，呵呵。然后，就是整个 25 年的话，应该 是整个了，就是从农历年来说，整个 25 年的话，我们盈利的话应该说是这整个情况还是 延续的以前稳健的一个经营策略，也抓住了这个，就是整个市场的一个，整个这个市场价 格上升呐。包括整个云南省，那个就是整个电力的供应的这个环节的一个。整体的一个形 式，然后整个生产经营也是稳健的进行。 分析师 1: 这个就是 25 年的一个基本情况。针对 26 年和 25 年的情况，因为也没达到这个业绩预告 的一个条件。第二个，近期，可能下个月我们，下个月下旬应该我们年报就披露了。也不 是特别方便在这里说一些非常细的一些数据 ...

Core Insights - Nanshan Aluminum achieved a revenue of 26.325 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 8.66% [1] - The company reported a total profit of 5.348 billion yuan, up 20.58% year-on-year, and a net profit attributable to shareholders of 3.772 billion yuan, an increase of 8.09% [1] Company Performance - Nanshan Aluminum has established a comprehensive aluminum processing industry chain within a 45 square kilometer area, enhancing its risk resistance and cost control capabilities [1] - The company is actively expanding its operations in Indonesia, with 3 million tons of alumina production capacity currently in operation and an additional 1 million tons under construction [1][2] Strategic Initiatives - The company is leveraging the "Belt and Road" initiative to extend its aluminum processing industry chain into Southeast Asia, particularly focusing on Indonesia [1] - Nanshan Aluminum is constructing a complete industrial support system in Indonesia, including power plants and ports, which is crucial for its overseas aluminum industry expansion [2] Financial Returns - Nanshan Aluminum has implemented a profit distribution plan, distributing a cash dividend of 0.40 yuan per 10 shares, totaling 462 million yuan, with a distribution ratio of 17.7% [2] - The company plans to issue a special dividend of 2.584 yuan per 10 shares, amounting to 3 billion yuan [2] - As of September 30, 2025, Nanshan Aluminum has repurchased 80.9745 million shares, accounting for approximately 0.70% of its total share capital [2]