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Henan Zhongfu Industrial Projects Up to 176% Jump in H1 Profit

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Henan Zhongfu Industrial (SHA:600595) forecasted first-half attributable net profit of between 1.80 billion yuan and 1.95 billion yuan, compared with 707 million yuan the previous year.

The 154% to 176% jump is attributed to its integrated industrial chain's cost advantages and resilience against cyclical swings, high electrolytic aluminum prices, and growth in its deep-processing division, according to a Thursday filing with the Shanghai bourse.

Shares of the electrolytic aluminum and aluminum products manufacturer rose 1% in recent trade.

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