It is reported that Nanjing Yunhai Special Metals expects 2010 net profit attributable to shareholders to surge by between 460% and 510% YoY to CNY 28 million to CNY 31 million.

The board secretary of the company attributes the growth to the lower base in 2009. The major products of Yunhai Metals are aluminum alloy and magnesium alloy which contribute 54.45% and 36.26% of its total revenue in the H1 of 2010. The average profit margin of aluminum and magnesium alloy was 7.9% in the H1.

The company has been focusing on expanding the capacity of aluminum alloy in 2010 due to the slow recovery of magnesium market.

(Sourced from www.worldal.com)