China Knowledge reported that Shandong Nanshan Aluminum Company Limited saw its net profit increase 13.67% YoY to CNY 714.8 million in 2009.

According to the annual report of the company, the company's operating revenue increased 0.66% YoY to CNY 7.28 billion while operating profit reached CNY 937.48 million in 2009.

Affected by the economic crisis, the price of aluminum dropped drastically in 2008 and 2009. However, with the help of the central government's marco economic policies, the aluminum market has recovered gradually and aluminum demand has increased.

The company predicted that it will realize about CNY 8 billion in sales revenue this year.

(Sourced from China Knowledge)