According to the Bohai Securities Research Report, Yunlu Co., Ltd. is a “green pioneer” in the domestic aluminum industry and is implementing an integrated green aluminum development strategy. The water supply situation in Yunnan was relatively good in 2024, and the water and electricity supply was sufficient. The company resumed production early to improve performance. The company's net profit for the first three quarters of 2024 was 3,820 billion yuan, an increase of 52.49% over the previous year. At the same time, thanks to the company's continuous cost reduction and efficiency and optimization of the debt structure, the company's expense ratio and balance ratio continued to decline in recent years. Performance flexibility will be unleashed in the short term. In the long run, the value of green aluminum highlights that the company's self-sufficiency rate for alumina raw materials is low, and the company's raw aluminum business profit is expected to increase as alumina prices fall. At the same time, it is expected that the incoming water situation in Yunnan will be relatively optimistic in 2025, and the company's capacity utilization rate is expected to maintain a high level of performance. The first coverage gives an “gain” rating.

According to the Bohai Securities Research Report, Yunlu Co., Ltd. is a “green pioneer” in the domestic aluminum industry and is implementing an integrated green aluminum development strategy. The water supply situation in Yunnan was relatively good in 2024, and the water and electricity supply was sufficient. The company resumed production early to improve performance. The company's net profit for the first three quarters of 2024 was 3,820 billion yuan, an increase of 52.49% over the previous year. At the same time, thanks to the company's continuous cost reduction and efficiency and optimization of the debt structure, the company's expense ratio and balance ratio continued to decline in recent years. Performance flexibility will be unleashed in the short term. In the long run, the value of green aluminum highlights that the company's self-sufficiency rate for alumina raw materials is low, and the company's raw aluminum business profit is expected to increase as alumina prices fall. At the same time, it is expected that the incoming water situation in Yunnan will be relatively optimistic in 2025, and the company's capacity utilization rate is expected to maintain a high level of performance. The first coverage gives an “gain” rating.