According to an article published in Ming Pao dated on August 16, China Zhongwang, the second-largest aluminum extrusion product developer in the world, recorded a surge in net profit by 50% in the second quarter as compared to the first quarter. Mr. Lu Changqing, Executive Director and Vice President of China Zhongwang said, ‘‘The Company is committed to raise the market share in China and increase the revenue proportion of high value-added products, offsetting the negative impact of anti-dumping and countervailing duty investigations by the US.”

Mr. Lu Changqing added, "In order to tackle the issue of low profit margin, the Company has expanded production capacity and boosted sales volume." In the second quarter, over 99% of the revenue of the company came from the mainland China market, and the proportion stayed high at 98% in the first half of the year.

However, Mr. Lu stresses that the adjusted strategy has begun to produce desirable results, with deep-processing products such as aluminum end-products has been started to export to the U.S. market.

Besides, the export volume of 2nd, 4th, 5th and 7th series of aluminum alloy products are increasing. These series are exempted from the impacts of US anti-dumping and countervailing investigations; hence, the company expects the export sales will be raised in the second quarter of the year.