Shanghai Huafon Aluminium Corporation (601702.SH) announced that preliminary estimates by the finance department indicate that the net income attributable to shareholders of the listed company is expected to be USD 0.52 billion to USD 0.59 billion in the first half of 2024. Compared with the same period last year, it will increase by USD 0.107 billion to USD 0.177 billion, an increase of 25.91% to 42.86% YoY. The net income attributable to shareholders of the listed company deducted from non-recurring gains and losses is expected to be USD 0.505 billion to USD 0.575 billion in the first half of 2024. Compared with the same period last year, it will increase by USD 0.098 billion to USD 0.168 billion, an increase of 24.08% to 41.28% YoY.
The company is a leading player in the aluminum heat transfer material market, with many years of deep cultivation and unique core competitive advantages. The customer base continues to grow, sales continue to expand, and the product structure is further driven towards high value-added/high contribution rate categories. At the same time, the company actively implements lean production management, digital construction, and green, low-carbon upgrading transformation to further promote cost optimization and efficiency improvement.
