Jiaozuo Wanfang: Operating revenue of 6.49 billion yuan in 2025, a year-on-year increase of 0.46%

Reprinted from China Securities Journal · China Securities Network

China Securities Journal China Securities Network News (Wang Jiafei, Xiong Yonghong): On the evening of March 13, Jiaozuo Wanfang released its 2025 annual report. The report shows that in 2025, the company achieved operating revenue of 6.49 billion yuan, a year-on-year increase of 0.46%; net profit attributable to shareholders of the listed company was 1.07 billion yuan, up 81.95%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.08 billion yuan, up 74.88%; net cash flow from operating activities was 1.01 billion yuan, an increase of 5.23%; basic earnings per share were 0.898 yuan, up 81.78%. As of the end of 2025, the company’s total assets were 8.73 billion yuan, an increase of 8.26%.

Jiaozuo Wanfang’s main business is aluminum smelting and rolling processing, supported by thermal power generation. Its main products include aluminum liquid, aluminum ingots, and aluminum alloy products. The company stated in the annual report that in 2025, benefiting from the decline in prices of key raw materials and energy such as alumina and electricity, the production costs of electrolytic aluminum were effectively reduced. At the same time, due to factors such as the slowdown in overseas electrolytic aluminum production growth, the overall tight global aluminum supply, and the Federal Reserve’s interest rate cuts, aluminum prices remained high, driving profitability across the industry.

Looking ahead to 2026, Jiaozuo Wanfang stated that supported by multiple factors such as restrictions on domestic electrolytic aluminum capacity policies, slow progress of new overseas projects, slow recovery of European aluminum plants, and ongoing risks of production cuts for some overseas companies, aluminum prices are expected to be supported. It should be noted that electrolytic aluminum has strong financial attributes, and macroeconomic changes and various unexpected factors could intensify price fluctuations; external variables such as geopolitical conflicts, international trade frictions, and strategic games among major powers will further increase market uncertainty, and aluminum prices are likely to experience significant volatility in the future.