The development of Suotong is getting out of the adverse influence caused by objective factors in the industry.KkjilicomTo show a better performance. April 30thKkjilicomAccording to the company's quarterly report for 2024, during the reporting period, the company achieved operating income of 31.Kkjilicom0.6 billion yuan, with a net profit loss of 4246 attributable to shareholders of listed companies.KkjilicomThe net profit belonging to the shareholders of listed companies after deducting non-recurrent profits and losses was 63.0106 million yuan, turning losses into profits.
In the first quarter of 2024, the net profit loss of the company belonging to the shareholders of listed companies was mainly due to the loss of the fair value of transactional financial assets (including changes in the fair value of shares related to performance compensation) reaching 109 million yuan. Due to the substandard performance of the company's merger and acquisition of Xinyuan shares in 2023, it is expected that the other side of the transaction will be compensated by its Suotong development shares, and the accounting treatment needs to confirm the profit or loss of fair value changes according to the changes in the company's stock price.
In 2024, the price of pre-baked anode began to pick up, and the fundamentals of the industry began to improve. According to ALD, the benchmark purchase price of prebaked anodes in a large aluminum plant in Shandong Province rose 60 yuan / ton in May compared with April, the first increase in 17 months.
The price of petroleum coke, the main raw material upstream, also showed a fluctuating upward trend. According to Baichuan Yingfu data, as of April 25, the average price of petroleum coke market was 1920 yuan / ton, a quarterly increase of 3.3%, up nearly 10% from the low of 1747 yuan / ton at the end of 2023. In view of the cost-plus pricing model adopted by the pre-baked anode industry, the upward price of petroleum coke will provide further support for the follow-up price of pre-baked anode.
Downstream electrolytic aluminum demand side, the recent downstream electrolytic aluminum operating rate is at a high level, the demand for pre-baked anode is strong. According to Baichuan Yingfu Research report, as of April 25, the domestic electrolytic aluminum industry has an operating capacity of 42.531 million tons, with an operating rate of 89.82%. Since the beginning of this year, Shanghai aluminum prices have continued to rise, rising as high as 21299 yuan / ton, still showing a volatile upward trend in the near future.