Wanfeng Owei has a revenue of more than 5.5 billion yuan in the first half of the year to give full play to the application advantages of "magnesium alloy-aluminum alloy-high strength steel".

On the evening of August 17th, Wanfeng Aowei (002085) released its semi-annual report for 2021. According to the report, Wanfeng Owei's revenue reached 5.547 billion yuan in the first half of 2021, an increase of 25.44 percent over the same period last year, while non-net profit was deducted from 166 million yuan, an increase of 22.32 percent over the same period last year.

It is understood that the company is an international company with advanced manufacturing as the core, with manufacturing bases and R & D centers in ten countries (regions) around the world. it has formed a "twin-engine"-driven development pattern of the automotive metal parts lightweight industry and the top "diamond" brand general aircraft manufacturing industry. The lightweight industry of automotive metal parts has formed the leading position of the automotive parts subdivision leader with the lightweight application of metal materials such as "magnesium alloy, aluminum alloy and high strength steel" as the main line. Magnesium Redding is the global leader in the field of magnesium alloy deep processing. Magnesium alloy application design and development technology is the global leader; lightweight aluminum alloy wheel manufacturing base is the world leader; high-strength steel sheet stamping parts business domestic market share leading; The scale of environmental protection Dacro coating business is the leading in China. The general aircraft manufacturing industry owns the three major aircraft design and research centers of Austria, Canada and the Czech Republic and a provincial engineering research center of domestic aircraft manufacturing. Wanfeng Diamond aircraft owns all the intellectual property rights of 4 series, 8 basic models, 16 models and multiple aircraft engines, the main models are DA20, DA40, DA42, DA50, DA62 and DART series, which is the first to use general aircraft composite design in the world. The only engine equipped with independent intellectual property rights in the industry has great advantages in economy and range among similar aircraft, and has the safest flight record among similar aircraft. Wanfeng Diamond aircraft has won the leading market position and advantage in the world because of its good performance-to-price ratio and full-life service.

Wanfeng Aowei said that the good performance in the first half of the year was mainly due to the fact that with the effective control of the domestic epidemic situation, the company's operation returned to normal, coupled with the obvious results of the company's "twin-engine" strategy, the auto parts industry and the aircraft manufacturing industry both developed, and the company achieved good results during the reporting period.

Wanfeng Aowei said that the company's auto parts industry has fully cut into the core customer supply chain, realizing a market pattern based on traditional cars, with new energy vehicles as the fulcrum, with equal emphasis on foreign and domestic, and coordination between mainframe and after-sale market. give full play to the lightweight application advantages of metal materials such as "magnesium alloy-aluminum alloy-high-strength steel". In addition, the company's aircraft manufacturing industry has a greater influence and high reputation in the global navigable aircraft manufacturing field, in this field, the company's related products have won the second market position and advantages in the world with good performance-to-price ratio and full-life services. at the same time, with the goal of enhancing the value of the whole industry chain and ensuring the personalized needs of different customers, the company has gradually established a global market network system.

In addition, the company also gave a corresponding explanation for the reason mentioned in the semi-annual report that the net profit of shareholders of listed companies decreased by 7.71% compared with the same period last year. At present, due to the main raw material aluminum ingot prices rose 31.72% year-on-year, magnesium ingot prices rose 18.38% year-on-year, steel prices rose 25.96% year-on-year, and shipping prices rose 4-5 times. Superimposed customer sales prices and raw material prices lag behind and some customers are not linked, the year-on-year increase in operating costs is higher than the rate of income growth, and the overall profit level has declined to a certain extent.

The company expects that as the price trend of bulk metal aluminum ingots, magnesium ingots and steel slows down, and the impact of price linkage lag weakens, the company's profitability will be significantly improved.