New stock news | Shandong Nanshan Aluminium International passes through a hearing at the Hong Kong Stock Exchange as one of the three largest alumina producers in Southeast Asia.

According to the Hong Kong Stock Exchange disclosure on March 4th, Shandong Nanshan Aluminium International Holdings Ltd. (referred to as Shandong Nanshan Aluminium International) conducted its listing hearing on the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor. The prospectus shows that Shandong Nanshan Aluminium International is an alumina manufacturer in Southeast Asia, dedicated to strengthening its market position in the region. Since its establishment, the company's main focus has been on developing Indonesia's abundant bauxite and coal resources, using these resources to power its business. According to data from Frost & Sullivan, as of the end of 2023, Indonesia and Vietnam are the main alumina production countries in Southeast Asia, and the company is one of the three largest alumina producers in Southeast Asia. The completion of the second-phase alumina production project will increase the company's annual designed production capacity to 2 million tons. Based on the designed annual capacity in 2023, this makes the company the top-ranking alumina producer in Indonesia and Southeast Asia. In 2023, the company was the second largest alumina producer in Southeast Asia according to Frost & Sullivan data, with a market share of 34.9% based on actual production. To support the company's strategy of further expanding its market share in Southeast Asia, in the first half of 2024, the company has started constructing a new alumina production project to add new alumina production facilities with an annual designed production capacity of 2 million tons. The company's metallurgical-grade alumina is an important raw material for producing electrolytic aluminum and, according to Frost & Sullivan data, the strong demand in the Southeast Asia market is due to its crucial role in meeting the strict requirements for high-performance aluminum products. In terms of finances, in the fiscal years of 2021, 2022, 2023, and the first nine months of 2024, Shandong Nanshan Aluminium International achieved revenues of approximately $173 million, $467 million, $678 million, $483 million, and $683 million respectively. During the same periods, the net profits were approximately $39.71 million, $96.09 million, approximately $174 million, approximately $117 million, and approximately $266 million respectively.