MONDAY, JUNE 1, 2026|No. 1131
Business · Insider Report · Aluminum

Nanshan Aluminum Discloses Major Shareholder's Sharp Profit Decline

Nanshan Aluminum International disclosed that its major shareholder Press Metal reported a significant drop in share of profits for the first quarter of 2026, falling to 37.4 million ringgit from 169.6 million ringgit year-over-year.

Nanshan Aluminum International's Hong Kong stock exchange announcement highlights a sharp profit decline at its major shareholder Press Metal. · Photo by Ant Rozetsky on Unsplash
1 sources
Pipeline ingest
3 reads
Positive / Neutral / Negative
2 countries
Related coverage

Nanshan Aluminium International Holdings Limited

(incorporated in the Cayman Islands with limited liability) (Stock Code: 2610)

Inside Information

Unaudited Report of Major Shareholder Press Metal for the Three Months Ended 31 March 2026

This announcement is made by Nanshan Aluminium International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company's major shareholder, Press Metal Aluminium Holdings Berhad ("Press Metal") (a company listed on Bursa Malaysia Securities Berhad, stock code: 8869), holds approximately 20.62% of the issued share capital of the Company. On 28 April 2026, Press Metal published its unaudited report for the three months ended 31 March 2026 (the "Quarterly Results"). The announcement containing details of Press Metal's Quarterly Results can be accessed on Bursa Malaysia Securities Berhad's website (www.bursamalaysia.com). Unless otherwise stated, all monetary amounts in the Quarterly Results are denominated in Malaysian Ringgit.

Press Metal's unaudited consolidated financial results as set out in the Quarterly Results (covering certain financial and operational information of the Group) were prepared under the applicable accounting standards in Malaysia, which differ from Hong Kong Financial Reporting Standards ("HKFRS"). As the Group's financial information is currently and will be prepared under applicable HKFRS, the financial information in the Quarterly Results (covering the performance of the Group as an associate of Press Metal) may not be directly comparable with the Company's financial results.

For the three months ended 31 March20262025
(Unaudited)(Unaudited)
Share of profits of associates37,402 thousand ringgit169,648 thousand ringgit

The "Share of profits of associates" figure reported by Press Metal reflects the contribution of its associates (including the Group), and the Company contributes the majority of such profits. Based on publicly available information (for reference only), for the year ended 31 December 2025, the Group's contribution accounted for over 85% of Press Metal's total share of profits of associates.

Shareholders of the Company and potential investors are advised not to place undue reliance on the Quarterly Results and to note that the financial information presented therein has not been audited or reviewed by the Company's auditors. Shareholders and potential investors should exercise caution when dealing in the securities of the Company.

By order of the Board Nanshan Aluminium International Holdings Limited Chairman of the Board Mr. Hao Weisong

Hong Kong, 28 May 2026

As at the date of this announcement, the Board comprises Executive Directors Mr. Hao Weisong and Ms. Han Yanhong; Non‑executive Directors Ms. Wang Yanli, Mr. Loo Tai Choong and Mr. George Santos; and Independent Non‑executive Directors Mr. Wen Xianjun, Mr. Zhang Guangda and Ms. Dong Meihua.

PAN's pipeline reviewed approximately 1 open sources for this article. No human editor reviewed this article before publication.

Related Reads

Show on timeline →