According to the Zhitong Finance App, Mingtai Aluminum (601677.SH) announced that the company expects to achieve net profit of 1.4 billion yuan to 1.45 billion yuan in the half year of 2026, an increase of 460 million yuan to 510 million yuan compared with the same period last year, an increase of 49% to 54%.
The company continues to promote high-end product transformation, and continues to release products in emerging fields such as new energy battery materials, automotive panels, electrode foils, liquid-cooled aluminum, aluminum-based copper-coated board substrates, and intelligent equipment case materials. Relying on the implementation of high-end heat treatment production lines, processing costs and product premiums for high-barrier alloy products continued to rise, and the overall product profit center moved upward, effectively driving the overall gross margin increase. Benefiting from the rise in the prosperity of downstream industries such as new energy, electronic components, and heat dissipation, and the high price of aluminum ingots at home and abroad, the company's overall production and sales scale of aluminum sheet foil increased year-on-year, and revenue increased dramatically. The construction of a high-end heat treatment production line gradually released production volume, expanded production and marketing scale further released scale effects, diluted the fixed production cost per unit, and expanded the revenue scale simultaneously.
The company continues to promote technical reform and intelligent upgrading of production processes, improve yield, reduce accessories and labor losses; at the same time, optimize inventory turnover of raw materials and finished products, reduce capital consumption and storage losses, reduce costs and increase efficiency on the production side in multiple dimensions, and hedge profit pressure brought about by fluctuations in the raw material cycle. The company has improved the integrated recycling capacity of waste aluminum recycling, downgraded smelting, and deep processing. The scale of application of recycled aluminum is leading the industry, and a stable cost dividend is formed on the raw material side. The low carbon properties of recycled aluminum are in line with domestic and foreign double carbon and carbon tariff policies, and the export competitive advantage of green certified products is obvious; supporting the aluminum ash resource recycling system increases waste value, further increases profit per ton, and enhances the company's ability to withstand fluctuations in the cycle.