Shandong Hongqiao Aluminum Holdings Co., Ltd. 2025 Board of Directors Work Report
In 2025, the Board of Directors strictly adhered to the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China," and other laws and regulations, as well as the "Articles of Association of Shandong Hongqiao Aluminum Holdings Co., Ltd." (hereinafter referred to as the "Articles of Association"). With a sense of responsibility to the company and all shareholders, the Board diligently performed the duties entrusted by the Shareholders' Meeting, conscientiously implemented all resolutions passed by the Shareholders' Meeting, actively promoted the implementation of all Board resolutions, and diligently carried out various tasks. This ensured the company's standardized operation, promoted the company's sustained, healthy, and stable development, and protected the legitimate rights and interests of the company and its shareholders. The company's Board of Directors' work in 2025 and work plan for 2026 are hereby reported as follows:
I. Company Operational Performance
The company is a leading global manufacturer of aluminum products with a stable leading position. As of the end of 2025, the company's electrolytic aluminum production capacity reached 6.545 million tons, and its alumina production capacity reached 20.1378 million tons, making it one of the largest electrolytic aluminum producers globally.
In 2025, the company achieved operating revenue of 156.721 billion yuan, an increase of 4.25% year-on-year. Net profit reached 18.756 billion yuan, an increase of 3.78% year-on-year. Net profit attributable to the parent company was 17.864 billion yuan, an increase of 3.69% year-on-year. Net assets attributable to listed company shareholders were 45.571 billion yuan, an increase of 6.75% from the end of the previous year.