According to Henan Shenhuo's annual report, the revenue was up 23.8% on year to Yuan 42.704 billion in 2022, and the net profit attributable to shareholders was Yuan 7.571 billion, surging 133.9% on year. The company stated that during the reporting period, the increase in production and prices of its main products, including coal, aluminum ingot, and aluminum foil led to a significant improvement in the company's profitability.
The company produced 1.635 million tonnes of aluminum ingot in 2022, increasing 16.24% on year, and the volume of sales in 2022 achieved 1.626 million tons, up 14.7% on year. The production of aluminum foil was 81,500 tons in 2022, up 50.65% on year. In terms of the anode, the company's anode production was down 6.82% to 527,400 tonnes in 2022. Henan Shenhuo plans to produce 1.6 million tons of aluminum products, 532,000 tons of anode, and 78,000 tons of aluminum foil in 2023.
The company has 2,000MW captive power units and 1.7 MTPA primary aluminum capacity, including 0.8 MTPA of Xinjiang Coal and Electricity and 0.9 MTPA of Yunnan Shenhuo. In terms of other products, the company also has 0.56 MTPA of the anode and 80 KTPA of aluminum foil.
Source: Company Annual Report