China Zhongwang: Aluminum Extrusion Business Gross Margin Up 16%

(China Aluminum Network) China Zhongwang’s net profit rose 16% to 2.47 billion Yuan, turnover increase 11% to 15.9 billion Yuan.

China Zhongwang said most of company’s revenue comes from aluminum extrusion business, aluminum extrusion products’ total sales was more than 744 thousand tons, up 14%. But owing to price dropping of aluminum ingot, the average selling price dropped 2%. The gross profit rate of aluminum extrusion business rise to 27%, mostly owing to the rising of industrial aluminum extrusion products.

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