HK Stock Market Move | Shandong Nanshan Aluminium's first-quarter net profit falls by 35% as the overseas sales price of alumina powder drops more than 10%.

NANSHAN AL INTL (02610) fell by more than 10%, at the time of writing, it dropped by 10.94% to 38.92 Hong Kong dollars, with a trading volume of 63.9714 million Hong Kong dollars. On the news front, A shares Shandong Nanshan Aluminium announced that in the first quarter of 2026, the company achieved operating income of 9.067 billion yuan, an increase of 0.95% compared to the same period last year; net profit of 1.101 billion yuan, a decrease of 35.39% year-on-year. The performance change was mainly due to the continuous low operation of alumina powder prices during the reporting period, resulting in a year-on-year decrease of about 50% in the average selling price of overseas alumina powder. It is understood that NANSHAN AL INTL is a subsidiary of A shares Shandong Nanshan Aluminium, and its main business is the Indonesian alumina project.