China Zhongwang Holdings Ltd has announced its results for the first six months of the year. The demand for extruded as well as rolled al+uminium products increased significantly so that the group’s overall sales volume rose by 63.7% year on year to 532,275 tonnes. As a result, the group’s total revenue rose by 38.3% to ￥12.90bn. GroB profit grew by 32% to ￥3.91bn. Net profit increased by 15.7% to ￥1.47bn. Lu Changqing, head of China Zhongwang, said: "On the back of the ongoing upgrading and transformation of China’s manufacturing industry, breakthroughs are being made in widening the applications of aluminium alloy in various industries. The group’s outstanding capability in research and development, specialization in high-end products and consistent optimization of its product mix have enabled it to progreBively expand its busineBes, providing one-stop lightweight solutions for such high-end applications as ecological construction, new energy vehicles, rail transport, shipbuilding and aviation.”
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