Tianshan Aluminum boosts shareholder returns amid strong performance

** Tianshan Aluminum Industry Group (SZSE:002532) announced a plan to distribute a cash dividend of CNY922.7 million for the second half of 2024, bringing the total cash dividend for the year to CNY 1.845 billion, approximately 41.42% of the company's net profit. This significant return to shareholders is supported by a year of strong performance, where the company achieved record production volumes in electrolytic aluminum, alumina, self-generated electricity, and aluminum foil. The company reported full-year revenues of CNY 28.089 billion and net profits attributable to shareholders of CNY 4.455 billion. The annual report provides further detail on Tianshan Aluminum's business strategy, including a focus on vertical integration to enhance cost advantages, expansion into new markets such as battery foil, and international resource diversification through projects in Guinea and Indonesia. Along with the annual results, the company also released its internal control self-assessment, which indicated a good management control environment within the company, and disclosed that it is renewing its working relationship with its auditing firm and is planning to increase the investment on high quality assets in the future.