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 Post subject: XinRen Aluminum Holdings
PostPosted: October 2nd, 2010, 10:19 pm 
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CHINESE aluminium producer XinRen Aluminum Holdings plans to list in Singapore by way of an initial public offer (IPO). The IPO could be one of the largest S-chip offerings - and the only metal commodity play - this year.


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: October 2nd, 2010, 11:15 pm 
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XinRen Aluminium targets S'pore listing

Chinese group expected to raise $200m: report

By MICHELLE QUAH
Business Times - 02 Oct 2010

CHINESE aluminium producer XinRen Aluminum Holdings plans to list in Singapore by way of an initial public offer (IPO).

The IPO could be one of the largest S-chip offerings - and the only metal commodity play - this year.

The company lodged its IPO prospectus with the Monetary Authority of Singapore (MAS) yesterday. No details were given on the number of shares that it will offer or the price of the shares, but Dow Jones reported that the company is looking to raise $200 million through the exercise.

XinRen said in its prospectus that it is a leading producer of primary aluminium in China, based on production volume last year.

The company smelts primary aluminium in the form of ingots and plates, fabricates it into value-added products such as aluminium sheet, coil and foil, and trades alumina and primary aluminium products sourced from third parties.

The company said that its leading position is due to the quality and cost-competitiveness of its products, which it achieves through energy-efficient and environmentally friendly technology.

It also has an integrated business model that allows it to participate in key stages of the aluminium industry value chain.

XinRen sees itself growing through increasing demand for aluminium products, spurred by economic growth.

China - XinRen's primary market - is expected to continue being the world's largest consumer of primary aluminium between 2009 and 2012, as a result of continued urbanisation and industrialisation there.

The company turned in revenue of 4.3 billion yuan (S$843.6 million) and a net profit of 306 million yuan in FY 2009, and revenue of 4.1 billion yuan and net profit of 61.8 million yuan in FY 2008. For the three months ended March 31, 2010, the company reported unaudited revenue of 1.3 billion yuan and an unaudited net profit of 150.3 million yuan.

As for the risks facing its business, XinRen warns that the Chinese government may not approve the company's interpretation of ownership laws with regard to its two smelting plants in China. This could result in the authorities forcing XinRen to restructure its ownership arrangements, imposing fines and/or revoking the business licences of the two plants.

The company also warns that it relies on the Zeng family - which founded the company and sit on its board - to gain 100 per cent of the economic benefits from the business and operations of the two smelting plants. It said that these contractual arrangements may not be as effective as direct ownership, and that any deterioration in their relationship could materially and adversely affect its business.

XinRen also said that it operates in a cyclical industry, and its business is susceptible to economic cycles and commodity price volatility.

It said that it will use the IPO proceeds to increase the capacity of its fabrication plant, for acquisitions and investments in ancillary businesses such as carbon anode plants, for strategic investments, acquisitions and working capital purposes.

The Royal Bank of Scotland's Singapore branch and DBS are the joint global coordinators, book-runners, issue managers and underwriters for the IPO.

http://www.businesstimes.com.sg/mnt/htm ... 38,00.html?

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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: December 21st, 2010, 10:59 am 
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Date of Trading Halt * 21-12-2010
Time of Trading Halt * 0900 hours
Reasons for Trading Halt * Pending release of clarification announcement.


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: December 21st, 2010, 11:23 am 
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Clarification on Business Times Article, "XinRen looking to build or acquire 4th smelting plant" dated 21 December 2010

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

Date of Lifting of Trading Halt * 21-12-2010
Time of Lifting of Trading Halt * 1115 hours


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: January 14th, 2011, 11:56 pm 
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XinRen Aluminum doubles its production capacity at Jiangyin plant to 100,000 tons per annum

D Installs additional 50,000 tons annual production capacity for production of aluminum plates
D Additional production capacity of aluminum plates to target the export market
D Production commenced in 4Q10 and is expected to have a positive impact on the FY2011 financial results

Singapore, 14 January 2011 –XinRen Aluminum Holdings Limited, (“XinRen”, “鑫仁铝业” or the “Group”), a large-scale vertically integrated aluminum producer with the most competitive cost structure in the PRC, is pleased to announce that it has successfully doubled the production capacity of its plant in Jiangyin city, Jiangsu Province, PRC to 100,000 tons per annum.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: January 20th, 2011, 11:18 pm 
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XinRen Aluminum’s Jiangyin plant qualifies for favourable high-tech enterprise tax rate

D Will be entitled to the 15% enterprise income tax rate instead of the uniform income tax rate of 25%
D Enjoy the favourable income tax rate for a period of 3 years with effect from 2010
D Comes at an opportune time with the Jiangyin plant doubling its production capacity and focussing on higher-margined fabricated
products

Singapore, 20 January 2011 – XinRen Aluminum Holdings Limited, (“XinRen”, “鑫仁铝业” or the “Group”), a large-scale vertically integrated aluminum producer with the most competitive cost structure in the PRC, is pleased to announce that its Jiangyin plant, which is located in Jiangsu Province of the PRC, has qualified as a “high-tech enterprise”. As such, it will enjoy a favourable enterprise income tax rate of 15%, versus the uniform enterprise income tax rate of 25%, from 2010 to 2012.


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: August 11th, 2011, 10:26 pm 
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XinRen’s 2Q 2011 earnings jump significantly to RMB151 million
D Growing export sales of aluminum plates coupled with the improvement in aluminum price have driven our growth of revenue
and gross profit
D The revenue has grown by 36.9% y-o-y to RMB1.89 billion in 2Q 2011 and gross profit margin improved to 13.6% from 8.6% in 2Q
2010
D Continues to focus on increasing export of aluminum plates Singapore, 11 Aug 2011 –XinRen Aluminum Holdings Limited, a large-scale vertically integrated aluminum producer with one of the most competitive cost structures in the PRC, is pleased to report a net profit of RMB150.7 million for the second quarter ended 30 June 2011 (“2Q 2011”), up by 478.4% from RMB26.1 million in 2Q 2010. The Group’s solid bottom-line was primarily attributed to robust export sales of aluminum plates and favorable average selling price (“ASP”) during the quarter

http://info.sgx.com/webcoranncatth.nsf/ ... penelement


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: August 12th, 2011, 1:12 am 
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August 11, 2011, 11.30 am (Singapore time)

Xinren's Q2 net profit rises five fold
By TEO SI JIA

Xinren Aluminium Holdings Limited on Thursday reported a net profit increase of 478.4 per cent for its second quarter to 150.74 million yuan from 26.06 million a year before.

Profit for the half year rose 49.4 per cent to 263.47 million yuan from 176.37 million yuan from a year ago.

Revenue for the three months ended June 30, 2011, rose 36.9 per cent to 1.88 billion yuan from 1.38 billion yuan the previous year while revenue for the half year grew 46.6 per cent to 3.88 million yuan from 2.65 million yuan the corresponding period last year.

Xinren, which obtained a listing on the SGX mainboard in October last year, attributed the higher revenue to the increased selling price of its aluminium products and higher export sales.

Having obtained companies involved in various processes of aluminium production, the group said it will be able to benefit from the rising costs of aluminium and will focus on the sales of high-margin aluminium plates.

Xinren said it will reduce its trading activities in the next quarter due to poor performance, but will continue to as a back-up source of revenue.

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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: September 22nd, 2014, 8:19 am 
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XinRen cements place amongst world's most cost efficient aluminum producers
- XinRen’s Xinjiang subsidiary buys 55% of Xinjiang Tianfu for RMB88.6m, an ultra-large coal mine in Xinjiang with proven reserves of 250m tonnes
- Source of long-term, low-cost, high quality coal supply for own independent power plants will drive production cost even lower
- Efforts to build an integrated value chain in Xinjiang allows XinRen to reap handsomely when the aluminum price upswing gains momentum


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 Post subject: Re: XinRen Aluminum Holdings
PostPosted: November 12th, 2014, 8:25 am 
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XinRen’s PATMI soars to a record RMB225m for 3QFY14 from higher 51% stake in Xinjiang Plant
- Maiden consolidation of Xinjiang Plant sends total assets swelling to nearly RMB30bn
- Results affirm XinRen’s foresight and strategy in investing in a mega cost-competitive operation in Xinjiang, which places XinRen among the top 6 aluminum producers in the PRC
- Group set to gain further from stepped-up production and expanded capacity at Xinjiang Plant


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