Aluminum Products Prices Fall, Nanshan Aluminum Production Performance of Mid-2009 Pre-cut 50%

July 29th, Nanshan Aluminum posts an announcement on Wednesday night, it claims that the company's net profit is expected to dip 50% compared with that of the last year. The net profit of the last year of the company is 474 million yuan, 0.36 earnings per share.

The Nanshan Aluminum indicates that the main reasons of the decline of the production performance is for the following reasons. Impacted by the international financial crisis, the international and domestic market demand for aluminum products falls, which lead to the low aluminum prices and a significant decline of the production compared with that of the same period last year.

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