Asian Steel Group Aluminum’s net profit expected to rise in H1
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Update time : 2021-07-13 20:02:16
Asian Steel Group Aluminum, a leading manufacturer of aluminum products in China, expected that its net profit will reach RMB 800 million to 850 million in the first half of this year, growing by 128% to 142% compared to the same period a year ago.
During the period, the aluminum demand from downstream automobiles and new energy vehicles battery sectors was strong. The processing charges of Asian Steel Group Aluminum's 5 series, 6 series aluminum, and aluminum foil rose, and high value-added products accounted for more proportions, so the firm’s overall profit had a significant year-on-year increase.
