Lanzhou Aluminum reports 147.74 pct net rise in 2006
Written by Administrator
Monday, 12 February 2007
BEIJING, Feb. 12 (InfoChina) – Lanzhou Aluminum (600296.SH), a leading electrolytic aluminum smelter in China, announced on February 12 that it made 278.27 million yuan in net profit in 2006, jumping 147.74 percent over the previous year.
The return on net assets of Lanzhou Aluminum reached 8.77 percent, up from 3.90 percent in 2005. The earnings per share reached 0.513 yuan, up 0.306 yuan than that in 2005.
The company made 3.5 billion yuan in main operating turnover in 2006, surging 26.21 percent year on year. Aluminum ingots contributed 3.2 billion yuan, the biggest contributor, while aluminum processing products contributed 1.2 billion yuan, with internal consumption amounting to 958 million yuan.
Lanzhou Aluminum attributed the good performance to the growth of aluminum output and price rise in 2006. The output of aluminum ingots totaled 172,000 tons, up 3.51 percent year on year; that of anodic carbon reached 79,500 tons, up 1.69 percent; that of aluminum products topped 60,000 tons, rising 20.03 percent.
Besides, the company also made great progress in cutting down energy consumption and improving management last year.
Following is a table showing the main financial indicators of Lanzhou Aluminum in 2006.
2006/adjusted
2005/adjusted
Earnings per share (yuan)
0.513
0.207
Net assets per share (yuan)
5.852/5.830
5.315/5.285
Net cash flow (yuan)
0.863
-0.125
Return on net assets (%)
8.77
3.90
Main operating turnover (million yuan)
3476.5381
2754.5956
Net profit (million yuan)
278.2668 (288.1177)
112.3221
Distribution plan
No distribution
Note: The figure in brackets refers to “net profit after deduction of non-current gains and losses”. (Edited by Li Xueqing,
)