Category of Investor Relations Activity: Roadshow
Location: Shenzhen
Date: November 12–14
Listed Company Representatives: Jing Qihao, Securities Affairs Representative
Participating Institutions (in no particular order):
Caitong Securities, Great Wall Fund, Zhongke Wotu Fund, Southern Fund, China Merchants Fund, GF Fund, Dacheng Fund, Hongtu Innovation Fund, Ping An Fund, Guolian Fund, Baoying Fund, China Creation Capital, Anxin Fund, Puzhuo Capital, Kuanyu Asset Management, Shan Asset Management
Main Content of Investor Relations Activity:
Answer: The company focuses on two key areas: “High-End Intelligent Manufacturing” and “Low-Carbon Circular Economy,” and has established a development strategy centered on high-end, green, and intelligent transformation. We closely monitor market demands, increase the proportion of high value-added products, expand our leading edge in recycled aluminum applications, and achieve a continuous reduction in the average carbon footprint per unit product. Relying on our subsidiary Mingtai Digital Intelligence Technology, we are upgrading management efficiency through digitalization and intelligence to maintain our comprehensive competitive advantage.
Answer: The company continues to advance its high-end transformation. This year, we focused on new energy battery materials, aluminum for automotive lightweighting, and aluminum materials for robotics. From aluminum foil for aluminum-plastic films to liquid cooling plates, we have built a complete battery material product ecosystem. In October 2025, the first air-cushion furnace production line of the “Aluminum Industrial Park Project for Automotive and Green Energy Applications” by our subsidiary Hongsheng New Materials was officially completed and put into operation. This further enriches our portfolio of high-end aluminum products for emerging sectors such as new energy vehicles, low-altitude economy, robotics, aviation, and defense, driving the company toward high value-added products with processing fees exceeding RMB 10,000 per ton. Currently, we are engaged in product certification with leading domestic automakers and new vehicle manufacturers, with initial achievements in supply cooperation. In the third quarter of 2025, the pre-tax profit per ton exceeded RMB 1,500, marking three consecutive quarters of growth, demonstrating the initial effectiveness of our high-end development strategy.
Answer: The company has newly invested in the construction of Yirui New Materials’ “Annual 720,000-Ton Aluminum-Based New Materials Intelligent Manufacturing Project.” The main products cover aluminum materials for multiple sectors, including new energy batteries, low-altitude economy, robotics, metal packaging, and automotive applications. This will further promote the company’s high-end transformation and upgrading. Upon completion, the project will significantly enhance the company’s high-end production capacity, increase profit margins per ton, and boost total capacity to over 2 million tons, laying a solid foundation for substantial profit growth in the future.
Answer: This year, product processing fees have remained stable with slight increases. Since the beginning of the year, processing fees for products such as CTP/PS plates, easy-open can ends, and honeycomb foil have been raised.
Answer: In the field of low-carbon circular economy, the company plans to introduce laser-induced breakdown spectroscopy (LIBS) sorting production lines. Through technological innovation in “precise composition identification and efficient separation of impurities and alloys,” we aim to expand the scope of waste aluminum product recycling, achieve high-value utilization of scrap aluminum, and promote further upgrading of the recycled aluminum industry. In 2026, with the implementation of the EU Carbon Border Adjustment Mechanism (CBAM), the company’s recycled aluminum products will benefit from green and low-carbon premiums, further enhancing product profit margins.
Answer: There is a consensus on gradually improving investor returns. In the third quarter of 2025, the company implemented a cash dividend of RMB 1 per 10 shares. We have issued interim dividends for two consecutive years, doubling the dividend ratio and increasing the frequency of dividends to actively reward investors. According to the three-year dividend plan, Mingtai Aluminum will raise the annual dividend ratio to no less than 30%, significantly increasing shareholder returns. Through the dual combination of corporate strategic upgrades and investor return commitments, we are actively implementing the “Enhance Quality, Increase Efficiency, and Prioritize Returns” action plan.
