TIANSHAN ALUMINUM(002532)2025-04-21 03:14Group 1: Market Analysis - The aluminum oxide and bauxite market is currently experiencing a significant structural adjustment, with prices expected to rise in 2024 but potentially decline in 2025 due to increased production capacity in regions like Guangxi and Shanxi [3] - The company anticipates that the overall industry losses will not persist for long, as domestic bauxite supply still heavily relies on imports, which have seen a price decrease compared to last year [3] Group 2: Project Updates - The company has successfully completed the acquisition of three bauxite mines in Indonesia, which will enter the mining phase this year, providing raw materials for future alumina production [4] - The Guangxi bauxite mine has received mining rights and plans to extract approximately 500,000 tons in 2025, with adjustments based on market supply and demand [5] Group 3: Production and Sales - The high-purity aluminum segment is expected to see a 50% year-on-year increase in sales in 2024, with ongoing efforts to develop new customers and reduce existing inventory [4] - The company has an annual production capacity of 180,000 tons for aluminum foil, with plans to ramp up production in 2025 to approximately 150,000 tons [4] Group 4: Financial Strategy - The company aims to reduce its asset-liability ratio by about 5 percentage points in 2024, targeting a stable ratio of around 40% in the coming years [4] - The company commits to distributing at least 30% of its distributable profits as cash dividends to shareholders annually from 2025 to 2027 [4] Group 5: Environmental Goals - The company has set a carbon peak target, aiming for a 13.5% reduction in energy consumption per unit of output and an 18% reduction in carbon dioxide emissions per unit product by the end of 2025, compared to 2021 levels [7] - By 2030, the proportion of renewable energy used in electrolytic aluminum production is expected to reach 30% [7]