Mingtai Aluminum announced that the company's cumulative revenue for the first three quarters was 31,859 billion yuan, up about 23% year on year; net profit was 1.917 billion yuan, up about 37% year on year. Profits were still achieved against the backdrop of falling aluminum prices and RMB appreciation in the third quarter, verifying the ability to “bottom line profit”. In terms of production capacity, the Hongsheng New Materials Project added 500,000 tons of high-end aluminum heat treatment capacity after delivery; the first phase of the Yirui New Materials 720,000 ton project was put into operation, and the second phase was put into operation at the end of the year, adding 700,000 tons of production capacity in total, helping production and sales exceed 2 million tons. Orders for downstream new energy batteries, intelligent equipment, etc. were plentiful, and sales in the third quarter were “not weak in the off-season.” The company's projects under construction have entered the final stage, and capital expenditure will be reduced in the later stages. The dividend ratio will not be less than 30% in the future, and it is expected to increase.

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