Mtalco(SH:601677)2024-07-11 07:55Group 1: Company Performance - The company's sales volume increased by approximately 19% in the first half of the year, with a focus on improving product structure and enhancing the proportion of high-value-added products [1] - The growth rate of foreign trade sales reached 30% in the first half of the year, indicating a successful overseas strategy [1] - The company has maintained a stable profit level in foreign trade business, supported by a balanced pricing strategy for aluminum ingots [2] Group 2: Market Conditions - The domestic and international price difference of aluminum ingots improved in the second quarter, contributing positively to the company's performance [1] - The company’s pricing model allows for the transfer of raw material price increases, which had a positive impact on profits during the second quarter [2] - The company expects the domestic and international aluminum prices to remain balanced, providing assurance for future foreign trade profits [2] Group 3: Future Outlook - The company plans to enhance its dividend distribution in the future, supported by sufficient self-owned funds and stable profit growth [2] - The production of aluminum plates and foils is expected to grow by 18% in the first half of 2024, indicating strong order fulfillment [2] - The company’s recycled aluminum business is projected to maintain rapid growth, benefiting from the increasing demand for low-carbon products [3] Group 4: Environmental Initiatives - The company has completed carbon footprint assessments for its recycled aluminum products, which have gained favor with downstream customers due to their low-carbon advantages [3] - The EU carbon tariff is currently in a trial phase, with formal implementation expected in 2026, which may enhance the competitive edge of the company's low-carbon products [3]