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Your Location > Home > News & Market >Domestic News > Sotong Development's net profit in the first three quarters of 2022 was 965 million, a year-on-year increase of 103.68%, and downstream demand increased
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Sotong Development's net profit in the first three quarters of 2022 was 965 million, a year-on-year increase of 103.68%, and downstream demand increased
- China Aluminium Network
- Post Time: 2022/11/1
- Click Amount: 1080
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【Aluminum Road Network】
On October 28, Suotong Development (603612) released the report for the third quarter of 2022. The announcement showed that the operating income in the first three quarters of 2022 was 13,710,009,343.17 yuan, an increase of 107.47% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 964,858,689.35 Yuan, an increase of 103.68% over the same period of the previous year.
During the reporting period, the net cash flow from operating activities was -622,776,990.48 yuan, and the total assets were 17,785,387,200.95 yuan.
In the first three quarters of 2022, the operating income was 13,710,009,343.17 yuan, an increase of 107.47% over the same period of the previous year; mainly due to the release of production capacity of Yunnan Suotong Yun Aluminum and Carbon Materials Co., Ltd. (hereinafter referred to as "Suotong Yun Aluminum"), the sales of prebaked anodes increased and the sales due to a sharp rise in prices.
The net profit attributable to shareholders of listed companies in the first three quarters of 2022 was 964,858,689.35 yuan, an increase of 103.68% over the same period of the previous year; mainly due to the increase in downstream demand, the sales price of pre-baked anodes continued to rise, with a relatively large increase; Suotong Yun Aluminum continued to produce Released, the sales of pre-baked anodes increased year-on-year; the production capacity scale advantage was prominent; the internal lean management level continued to improve, the results of cost reduction and efficiency improvement continued to show, the unit cost was more competitive, and the profitability was gradually improved.
According to the data, Suotong Development adheres to the development of science and technology as the driving force, continues to improve the technological innovation system, and strengthens independent innovation. Source:
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