HK Stock Market Move | NANSHAN AL INTL (02610) fell over 4%, with profit attributable to shareholders for the first half of the year decreasing by 74.8% year-on-year. The decline in alumina prices has dragged down performance.

NANSHAN AL INTL (02610) fell over 4%. As of the time of writing, it is down 4.17%, trading at HKD 25.78, with a transaction volume of HKD 11.4035 million. In terms of news, NANSHAN AL INTL recently released its interim results for the six months ending June 30, 2026. The group reported revenues of USD 415 million, a decrease of 30.5% year-on-year; net profit attributable to shareholders was USD 62.7 million, down 74.8% year-on-year; basic earnings per share were USD 0.10, and an interim dividend of HKD 0.16 per share is proposed. The announcement stated that in the first half of 2026, the average international alumina price fell, putting downward pressure on the groups revenue and profitability. During the reporting period, the group recorded alumina sales of approximately 1.296 million tons, with an average selling price of around USD 320 per ton. CICC published a research report stating that the company's performance in the first half of 2026 was below their expectations due to the decline in alumina prices. In terms of prices, the average alumina price in the first half of 2026 dropped from USD 529 per ton to USD 320 per ton, representing a year-on-year decline of 39.5%. Alumina sales increased from 1.127 million tons to 1.296 million tons, a year-on-year increase of 15.0%. In terms of costs, the average cost per ton of alumina in the first half of 2026 was USD 270, an increase of about USD 9 compared to 2025, mainly due to underutilization of capacity and rising bauxite prices. From a gross profit perspective, influenced by falling prices and rising costs, gross profit in the first half of 2026 decreased by 79% year-on-year; the gross profit margin was 16%, a decrease of 35 percentage points year-on-year.