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Henan Mingtai Al.Industrial (601677.SH): The company currently does not directly export to the USA.
Gelonghui, November 8th | Henan Mingtai Al.Industrial (601677.SH) stated on the interactive platform that the company currently does not directly export to the USA. Yirui New Materials' annual production of 0.7 million tons of recycled aluminum and high-performance aluminum project has been basically completed, providing strong support for the company's rapid expansion of production and sales scale in the future, while achieving adjustments and optimization of the company's product structure, improving profit margins, promoting the company's sustainable green and low-carbon development. Currently, the country has introduced policies to relax the import of scrap aluminum, which is beneficial to the recycling aluminum project. Some of the company's products are indirectly supplied to first-line car companies such as Tesla through traders.
Mingtai Aluminum\'s October 2024 Business Report
Henan Mingtai Al.Industrial (601677.SH): In October, the production of aluminum plate, strip, and foil was 0.1258 million tons with sales of 0.1188 million tons.
Henan Mingtai Al.Industrial (601677.SH) announced that the company's aluminum plate and strip foil production in October was 0.1258 million tons, 10...
henan mingtai al.industrial (601677): The profit is affected by the positive impact of the aluminum price difference in the third quarter of 2024, and the combined increase in volume and price thickens the elasticity of performance.
In the first three quarters of 2024, the company's net income attributable to parent company shareholders saw a significant year-on-year growth, with the Q3 aluminum price spread inside and outside directly impacting profits. In the first three quarters of 24, the company achieved revenue of 23.66 billion yuan, up 21.6% year-on-year; and the net income attributable to parent company shareholders was 14.1 billion yuan.
Henan Mingtai Al.Industrial (601677): Production and sales increased year-on-year, with a 22% increase in cumulative net profit attributable to the parent.
Investment Highlights: The company released the third quarter report of 2024. The company achieved revenue of 23.66 billion yuan in the first three quarters of 2024, a year-on-year increase of +21.59%; achieving a net profit attributable to the parent company of 1.41 billion yuan, a year-on-year increase of +21.5.
Mingtai Aluminum: Mingtai Aluminum Report for the Third Quarter of 2024
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