Nanshan Aluminium net profit up 15.04% in 2014 on product portfolio adjustment

Shandong Nanshan Aluminium Co. reported 912.96 million yuan ($149 million) in net profit attributable to shareholders of its listed company in 2014, up 15.04% from 2013, it said in its earnings report filed to the Shanghai Stock Exchange.

The vertically integrated company attributes the rise in profit largely to product portfolio adjustment, namely increasing production of higher-value added cold-rolled and extruded products.

However, its revenues dropped 3.23% year-on-year to 14.06 billion yuan, due mainly to falling aluminum prices.

Its 200,000-tpy large-size, high-performance special aluminum alloy project has entered trial, and is scheduled to come online fully in 2015. Its 14,000-tpy large, precision forging project has also started trials. Its 40,000-tpy precision, multi-functional aluminum foil project, targeting high-end market, is still under construction and slated to enter operations in 2017.

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