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Shenhuo Co., Ltd.: Net profit in the first quarter is expected to increase by 217.68% year-on-year; electrolytic aluminum product prices have risen year-on-year.
People’s Finance News, April 7, reported that Shanhuo Co., Ltd. (000933) disclosed its performance forecast on April 7. The company expects that in Q1, its net profit attributable to shareholders will be 2.25 billion yuan, up 217.68% year over year. During the reporting period, driven by factors including a year-over-year increase in the selling price of electrolytic aluminum products and a year-over-year decline in the price of major raw material alumina, the company’s electrolytic aluminum segment’s profitability improved significantly.