NANSHAN AL INTL Shares Plunge Over 10% Amid Steep Drop in Overseas Alumina Powder Prices

Stock News04-28

NANSHAN AL INTL (02610) fell more than 10% again. At the time of writing, the stock was down 10.94% to HK$38.92, with a turnover of HK$63.97 million. The decline follows an announcement from its parent company, Shandong Nanshan Aluminium Co.,Ltd. (600219), which reported first-quarter 2026 revenue of 9.067 billion yuan, a slight increase of 0.95% year-on-year. However, net profit fell sharply to 1.101 billion yuan, down 35.39% compared to the same period last year. The company attributed the profit decline primarily to persistently low alumina powder prices, noting that the average selling price per ton of overseas alumina powder dropped by approximately 50% year-on-year during the reporting period. NANSHAN AL INTL is a subsidiary of Shandong Nanshan Aluminium and is primarily engaged in an alumina project in Indonesia.

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