Tianshan Aluminum Group (002532.SZ) forecasts a net profit of 4.45 billion yuan for the full year 2024, a year-on-year increase of 101.79%.

Tianshan Aluminum Group (002532.SZ) announced its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 4.45 billion yuan, a year-on-year increase of 101.79%. The main reasons for the significant increase in performance are: the average selling price of the company's self-produced alumina for external sales increased by about 40% year-on-year in 2024, with production increasing by about 7.5% year-on-year, and profits from the alumina sector achieved a significant increase year-on-year. In addition, the average selling price of the company's self-produced aluminum ingots increased by about 6.5% year-on-year, while other production cost factors outside alumina decreased, and profits from the electrolytic aluminum sector also increased year-on-year.