南山铝业国际2025中期报告
2610 2025 236111718192022232440 The Special Economic Zone of Galang Batang villageof Gunung KijangGunung Kijang District Bintan RegencyRiau Islands Province 29153 Indonesia 2610.HK 2025325 89111101 www.nanshanintl.com 108 Loo Tai ChoongGeorge Santos 202531020253102025310 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 1617 IR@nanshanintl.com PT. Bank Mandiri (Persero) TbkUnited Overseas Bank Limited Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111 Cayman Islands Galang Batang% GB/T24487–2022AO-1 2025202532520258222025630202598 20252026 2025630 2025 2025630248.2110.7124.2% 70,000 2025630596.8423.341.0% 1,094,00010,0003.0%20256301,127,0009,00038736.9%2025630529202412315615.7% 2025630303.950.9%178.770.1% 20256308.211.126.8% 202563013.412.75.6% 12.52.1%20246302.7% 202563043.515.4182.7%20211215%750 39.0(1)GAI(2)BAI 2025630248.2110.7124.2% 20256300.300.46 20256300.652024630 2025922202592620259194301617202510172025926 2025630527.220241231454.22025630603.020241231248.21,839.6202412311,294.4202563020241231 20256303,774202412313,282202563026.8202463016.4 202563020241231 202412312025630 5% 10.920256300.920256302024630 202563020241231 2025724202531015526,170,00026,170,0000.00000021.0039.60 32,653,5305,882,353 2025724 630 C.2.12018 C3 2025828 2025630 2025630XVXV352 (1)L (2)XVGeorge SantosRedstone Alumina International Pte. Ltd.George Santos18,602,865 2025630XV78XV352 20256305%336 (1)L (2)NAIHLNASNAS22.22%20.72%51.0%49.0%NASNAIHL (3)NAIHL (4) (5)PMIRHKPress MetalPressMetal Alpha Milestone Sdn.Bhd.33.81%AlphaMilestone Sdn.Bhd.KPKHoldings (L) LtdKPK Holdings (L) LtdPaul Koon Pte. Ltd.Paul Koon Pte. Ltd.Paul Koon FoundationPaul Koon FoundationKoon Poh KeongKoon Poh KeongPress Metal36.82%Press MetalAlpha Milestone Sdn. Bhd.KPK Holdings (L) Ltd.Paul Koon Pte. Ltd.PaulKoon FoundationKoon Poh KeongPMIRHK (6)Khoo Ee PhengKoon Poh KeongKhoo Ee PhengKoon Poh Keong 2025630XV23336 2025310 (i)(ii) 10202563058,823,53058,823,5305,882,3535,882,353 2025630 724 20253100.00000150.0000002500,000,000 202532588,235,30017.658,823,60079,411,70026.60588,235,300 20254221,199,9000.2426.60589,435,200 20253242025422 2,261.825.3 2025630567.3 10.0 20252026 2025422 13.51B(1) 2025828 18393434 2410 34 108 2025828 20256 30— 3 6 20256 30— —— — 781112 91011121212 2439 20256 30— 20256 30— 1 2023628 2025325 342025828 202420252 34 2024 2410 20241231 2 21— 3 (a) 15 202563010% ABC *10% 15121(a) 3 (b) 4 (a) 4(b) (c) —— 5 ——— — (i)202563017% (ii)202563022%2021BAI202120402020412042 (iii) 5 (b) 202511202511 2025112025 6 (a) 248,246,0002024630110,728,000544,518,0002024372,055,0002025315(a) 11 630 (b) 15(a) 11* *2025630268,685,000202463039,508,000 8 (i)20256302024123139,648,00040,710,000 9 10 —— 10 20241231 33–6 30 —(i) —— (i) 12(a) —3 (i)202563020241231 (c) 630202512312024 —312 630202512312024 202563020241231 1 15 (a) 20253100.00000150.0000002500,000,000 202532588,235,3000.000000226.60 20254241,199,9000.000000226.60 (b) 89,435,2000.000000226.6017.89297,445,000 (c) (i) 0.650.082024 (ii) 16 (a) 13 •11•221•3 — 2 (b) 202563020241231 17 202563020241231 630202512312024 — 18 (a) Nanshan Aluminium Singapore Co. Pte. Ltd.NASNanshan Aluminium Investment Holding LimitedNAIHL**PT. Bintan Electrolytic AluminiumBEAPress Metal Aluminium Holdings BerhadPress Metal Santony PT. Mahkota Karya UtamaMKUPT. Sanmas Mekar AbadiPT. Bintangar Maju AbadiPT. Bintan Tayan MineralPT. Bintan Bangun KaryaPT. Bukit Batu MuliaPT. Cahaya Kota NusantaraCV. Pelita Alam SemestaCV. Galang Batang PrimaPT. Foxy Energi AlamPT. Indo Aluvium PermataPT. Solid Tambang IndonesiaPT. Solid Beton IndonesiaPT. Solid Green Technology IndonesiaPT. Solid Nusantara IndonesiaPT. Solid Petro IndonesiaPT. Galaxy Ocean Shipyard (b) 18(c) —Santony— —— —Santony —Santony —NAS— —NAS 18(d) —NAIHL (e) 2025630Nanshan Aluminium InvestmentHolding Limited 19 2025724202531026,170,000 EBITDA
