Huatai Securities: Undervaluation plus profit expansion expectations, optimistic about the performance of the electrolytic aluminum sector in the second half of the year.

Huatai Securities research report indicates that the undervaluation, combined with the expectation of profit growth, is optimistic about the performance of the electrolytic aluminum sector in the second half of the year. Currently, the valuation of the electrolytic aluminum sector is relatively low. In terms of profit, the tight supply and demand situation supports the upward trend of aluminum prices, and the loose supply and demand situation in the cost end of alumina further boosts this trend. In the second half of the year, the average profit of the electrolytic aluminum industry segment is expected to expand to over 4500 yuan per ton. With the expectation of both valuation and profit enhancement, the performance of companies in the electrolytic aluminum sector in the second half of the year is expected to remain strong.