Continuous trade friction between China and the United States in 2018 aluminum listed companies have become a major contributor to the mixed performance of new energy.-Shanghai Metals Market

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Continuous trade friction between China and the United States in 2018 aluminum listed companies have become a major contributor to the mixed performance of new energy.

Translation 01:34:42PM May 16, 2019 Source:SMM

SMM5, 16 March: at present, under the background of Sino-US negotiations, various metal industries have been affected to varying degrees. Aluminum, as a prominent existence in the metal industry, has a wide range of applications. In particular, the structural parts made of aluminum and its alloys are very important in the aerospace industry, and also play a key role in the field of transportation and structural materials. SMM makes a brief summary and description of the annual situation of some listed companies in this field in 2018:

Huafeng shares (net profit increased by 174.2% over the same period last year)

In 2018, the total operating income was 650 million yuan, an increase of 47.89% over the same period last year, and the net profit attributable to the shareholders of listed companies was 78 million yuan, an increase of 174.20% over the same period last year. The acquisition of a 100% stake in Beijing Polytechnic Huachang Electric vehicle Technology Co., Ltd. was completed in September, bringing large operating income and net profit to the new energy vehicle power system business. At present, it has become the leader of the key technology of electric vehicle. In the electronic aluminum foil business, 25 technology patents have been licensed and 19 patents are being applied for (all receiving notices), of which two patents were granted in 2018 and 14 new patents were applied for. The electrode foil business (1) LW series has been developed to break through the limit bottleneck of the traditional corrosion expansion technology and reach the leading level in the world.

Yi'an Technology (net profit increased by 65.45% compared with the same period last year)

In 2018, operating income was 275 million yuan, an increase of 65.96 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 6.4847 million yuan, an increase of 111.57 percent over the same period last year. The operating performance increased steadily over the same period last year, and the profitability was further enhanced. Continue to promote the construction of non-public offering stock offering project, Yian Yunhai light alloy precision die casting production base project invested 17.0629 million yuan, amorphous alloy (liquid metal) precision structure industrialization expansion project invested 2.0324 million yuan. The total investment in R & D was 13.3417 million yuan, an increase of 24.74 per cent over the same period last year. Seven licensed patents have been obtained.

Mingtai Aluminum Co., Ltd. (net profit increased by 40.82% compared with the same period last year)

In 2018, the total operating income of the company was 13.322 billion yuan, an increase of 28.54% over the same period last year, and the net profit attributable to the shareholders of the listed company was 4.956 billion yuan, an increase of 40.82% over the same period last year. In the face of the severe situation of the "double negative" investigation launched by the United States against China's aluminum sheet, strip and foil products and the imposition of high tariffs, the company is actively looking for export alternative markets and actively adjusting the overseas market layout and product structure. We have stepped up exports to markets such as Europe, Australia and South America, and instead of declining, foreign trade business has increased for the whole year. The overall production and sales of aluminum sheet, strip and foil reached 760000 tons, an increase of 20 per cent over the same period last year. Annual production of 125000 tons of automotive aluminum alloy plate project "main equipment 2800mm CVC six-high cold rolling mill and three-dimensional intelligent management warehouse installation completed operation." Henan Mingtai Technology Development Co., Ltd., a wholly owned subsidiary of Henan Mingtai Science and Technology Development Co., Ltd., produces and sells 108000 tons of aluminum foil in 2018. The products are widely used in new energy batteries, electronic and electrical appliances, pharmaceutical and food packaging and other industries.

East Sunshine (net profit up 28.78% over the same period last year)

In 2018, the overall operating results increased by a large margin, realizing a total operating income of 11.68 billion yuan, an increase of 29.74 percent over the same period last year, and a total profit of 17.93 yuan, an increase of 31.86 percent over the same period last year. The net profit belonging to the shareholders of the listed company was 1.091 billion yuan, an increase of 28.78 per cent over the same period last year. Established a technical cooperation relationship with Toyo Aluminum Co., Ltd., the third largest producer of aluminum paste and aluminum powder in the world, through the integration of Dongyang Aluminum's high capacity anode foil powder laminated foil technology and the company's forming technology, Engaged in the research and development of powder laminated foil and powder laminated foil. With technological innovation and product transformation as the leading factor, under the guidance of the company's research institute, breakthroughs have been made in electronic foil, brazing foil and other technologies. In the aspect of electronic foil, including the trial production of fully segregated high voltage foil, the stable performance of the product, and the mass production of low voltage foil through the development of low Ti process. The cast-rolling process YJ1090, has been successfully developed to become the only enterprise in the world that can produce cathode foil by casting-rolling method, which reduces the production cost of cathode foil.

Asia Pacific Technology (net profit up 23.53% year on year)

In 2018, operating income was 3.59 billion yuan, an increase of 5.36 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 375 million yuan, an increase of 23.53 percent over the same period last year. The combined output of profiles, pipes and bars was 156600 tons, an increase of 3.65 percent over the same period last year, and sales volume was 158200 tons, an increase of 6.29 percent over the same period last year. Domestic new energy vehicles continued to develop at a high speed, with production and sales of 1.27 million and 1.256 million vehicles respectively, an increase of 59.9 per cent and 61.7 per cent over the same period last year. We will vigorously promote the development of new fields such as aerospace, rail transit, new energy vehicles, military and civilian integration, and so on. While consolidating the domestic market, we should actively expand the space of the international market. At present, the international market has involved Asia, Europe, North America, South America, Africa and other regions. It has 289 patents, including 46 inventions, 215 utility models and 28 designs. The main equipment of the 80000 tons project has been installed and put into use, and the capacity is being released rapidly, and the infrastructure work of the 65000 tons project is being carried out according to plan. The capital construction work of the 40,000 tons project factory building has been basically completed, and the equipment foundation and equipment procurement work is actively under way in the course of acceptance.

Dingsheng new materials (net profit increased by 1.34% compared with the same period last year)

In 2018, operating income was 10.291 billion yuan, up 11.86 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 276 million yuan, up 1.34 percent from the same period last year. Engaged in aluminum plate and foil research and development, production and sales business, at the same time, actively develop new products, battery aluminum foil and other products as a breakthrough, continue to improve the company's profitability and market influence. At present, it has rapidly become the leading enterprise in the aluminum industry. During the period of global production layout, Thai Dingli New Materials Co., Ltd. and Dingheng New Materials Co., Ltd. were invested in Thailand for the production of aluminum foil in Thailand. The establishment of overseas production platforms will not only help the company to reduce the impact of trade frictions, but also help issuers to accumulate experience in operation and management overseas, especially in countries along the "Belt and Road Initiative" route, and reduce the cost of exporting products to overseas countries. And further explore potential customers, expand overseas market share, and further enhance market competitiveness.

Minfa Aluminum Co., Ltd. (net profit down 6.58% compared with the same period last year)

In 2018, operating income was 1, 426 million yuan, an increase of 16.07% over the same period last year; operating costs were 1.29 billion yuan, an increase of 16.60% over the same period last year; and the net profit attributable to shareholders of listed companies was 36 million yuan, down 6.58% from the same period last year. Mainly engaged in aluminum products; hardware products and molds; curtain walls, doors and windows design, production, installation; magnesium alloy products processing. In 2018, the company's operating income and production and sales volume increased compared with 2017. And through the construction of solar photovoltaic power generation projects, make full use of renewable resources and reduce the cost of electricity. Strengthen the research and development of new products, pay attention to technological innovation, and improve the core competitiveness. In 2018, 11 patents were added, including 1 for invention, 5 for utility model and 5 for appearance.

Nanshan Aluminum Co., Ltd. (net profit down 10.76% compared with the same period last year)

In 2018, the operating income was 20.222 billion yuan, an increase of 18.48% over the same period last year, the operating cost was 16.707 billion yuan, an increase of 26.44% over the same period last year, and the net profit was 1.523 billion yuan, down 11.50% from the same period last year. The net profit belonging to the shareholders of listed companies was 1.438 billion yuan, down 10.76 per cent from the same period last year. Mainly engaged in the development, production, processing and sales of aluminum and aluminum alloy products, has formed a complete production line from thermoelectric-alumina-electrolytic aluminum-melting casting-(aluminum profile / hot rolling-cold rolling-foil rolling / forging). And passed the Airbus A320 wing long truss extrusion profile product certification, become the only Chinese Airbus aluminum alloy extrusion profile certification supplier. The annual output of 14000 tons of large precision die forgings is mainly faced with aluminum alloy, titanium alloy and nickel-based superalloy forgings in aviation, transportation, energy, power machinery, mining equipment and other markets. Including aircraft engines, landing gear and other highest-end forgings.

Yiqiu Resources (net profit decreased by 66.8% compared with the same period last year)

The total operating income in 2018 was 6.297 billion, an increase of 17.1% over the same period last year. During the reporting period, the net profit of the company belonging to the shareholders of listed companies was 97 million yuan, down 6980% from the same period last year. The prospect of development planning the procurement of waste aluminum is a major cost component of the company's operation. Because of its green and environmentally friendly characteristics, the recycled metal industry will continue to distribute upstream of the industrial chain after acquiring Metalico Company of the United States. Strengthen the control of raw material prices to provide a more solid guarantee for the company's profits. We will gradually learn from the experience of Metalico and explore this field.

Hutchison shares (net profit down 71. 26% year-on-year)

In 2018, the company achieved total sales of 1.065 billion yuan, an increase of 26.59 per cent over the same period last year. The total sales volume was 34769.12 tons, an increase of 14.55 per cent over the same period last year. The net profit attributable to the shareholders of listed companies was 18 million yuan, a decrease of 71.26 per cent over the same period last year. Take a stake in Suzhou Longitudinal Line Heat Exchanger Co., Ltd. And Shenzhen Maian Thermal Control Technology Co., Ltd., in order to enhance the company's R & D technology and development capability in the new energy industry. We continue to strengthen the development of new materials and the promotion of major R & D projects. 13 major R & D projects are being studied in 2018, including 9 new R & D projects established in 2018. It mainly includes the research and development of advanced technologies such as new materials, new technology, extrusion molding, deep processing, die and so on. The company has 41 patents, including 19 invention patents and 22 utility models.

Hongchuang Holdings (net profit down 78.06% compared with the same period last year)

In 2018, the total operating income was 1.518 billion yuan, an increase of 4.92% over the same period last year; the operating profit was 5 million yuan, the total profit was 8 million yuan, and the net profit attributable to the shareholders of listed companies was 9 million yuan, down 78.06% from the same period last year. Basic earnings per share were 0.0093 yuan, The main reason is that the company recovered the provision for bad debts of Qinghai Lufeng New Materials Co., Ltd., Yuanbo Industrial Development Co., Ltd., and Yuanbo Industrial Development Co., Ltd at the end of 2016. The decline in gross profit margins and the impact of payments to reserve personnel under construction during the reporting period. Investment projects, The cast-rolled coil products produced by the annual production of 150000 tons of high-precision aluminum strip casting and rolling line can realize the complete self-sufficiency of raw materials in the cold rolling production line of the company and save the remelting cost of aluminum ingots. The high precision cold rolled coil products produced by the company's production cost and the annual output of 85000 tons of high precision aluminum strip project are the main raw materials for the production of aluminum foil products, which can greatly increase the output of aluminum plate and strip and expand the market share. It plays a positive role in promoting performance.

Changal shares (net profit down 359.03% compared with the same period last year)

In 2018, the combined operating income of the group was 4.138 billion yuan, and 82.76% of the annual plan was completed, basically the same as the previous year. The total profit is-419 million yuan, and the net profit is-430 million yuan. The net profit belonging to the shareholders of listed companies was-430 million yuan, down-359.03% from the same period last year. In 2018, the aluminum industry completed 200270 tons of foreign sales, 85.22 per cent of the annual plan, an increase of 10.65 per cent over the previous year. Under the influence of the "double reverse" of the US government, the US sales market has been greatly affected, and automobile materials have been reduced by more than 5800 tons compared with the same period last year, but through the new development of factories or contract factories in regions such as Valeo and Beer in Europe or Mexico, The increase in auto material sales of 3600 tons partly made up for the losses suffered by the "double negatives" in the US market. Taking advantage of the acquisition of Jiangsu Changal New Energy Materials Co., Ltd., Hefei Lixiang, Huizhou Kodali, Jiangdong Electronics, Suzhou Chuangneng and other lithium battery enterprises have been developed. In technical cooperation with Valeo, we have successfully developed 3Z23A high corrosion resistance alloy products that meet the quality requirements of Valeo.

Aluminum industry occupies a high share in the market, and China's aluminum industry has begun to focus on high starting point, science and technology, scale, diversification, capitalization of the direction of development, at the same time bigger, stronger, better! Through the integration of listed companies, it is not difficult to find that the companies with higher profits are more or less involved in the new energy vehicle industry, or expand internationally, break the foreign technology blockade, and carry out special technology research and development at the same time. Draw lessons from many aspects of experience, re-integration.

Times are changing, technology is advancing, SMM and you work together to contribute to the future development and progress of the aluminum industry!

Key Words:  Aluminum  production capacity  cars 

Continuous trade friction between China and the United States in 2018 aluminum listed companies have become a major contributor to the mixed performance of new energy.

Translation 01:34:42PM May 16, 2019 Source:SMM

SMM5, 16 March: at present, under the background of Sino-US negotiations, various metal industries have been affected to varying degrees. Aluminum, as a prominent existence in the metal industry, has a wide range of applications. In particular, the structural parts made of aluminum and its alloys are very important in the aerospace industry, and also play a key role in the field of transportation and structural materials. SMM makes a brief summary and description of the annual situation of some listed companies in this field in 2018:

Huafeng shares (net profit increased by 174.2% over the same period last year)

In 2018, the total operating income was 650 million yuan, an increase of 47.89% over the same period last year, and the net profit attributable to the shareholders of listed companies was 78 million yuan, an increase of 174.20% over the same period last year. The acquisition of a 100% stake in Beijing Polytechnic Huachang Electric vehicle Technology Co., Ltd. was completed in September, bringing large operating income and net profit to the new energy vehicle power system business. At present, it has become the leader of the key technology of electric vehicle. In the electronic aluminum foil business, 25 technology patents have been licensed and 19 patents are being applied for (all receiving notices), of which two patents were granted in 2018 and 14 new patents were applied for. The electrode foil business (1) LW series has been developed to break through the limit bottleneck of the traditional corrosion expansion technology and reach the leading level in the world.

Yi'an Technology (net profit increased by 65.45% compared with the same period last year)

In 2018, operating income was 275 million yuan, an increase of 65.96 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 6.4847 million yuan, an increase of 111.57 percent over the same period last year. The operating performance increased steadily over the same period last year, and the profitability was further enhanced. Continue to promote the construction of non-public offering stock offering project, Yian Yunhai light alloy precision die casting production base project invested 17.0629 million yuan, amorphous alloy (liquid metal) precision structure industrialization expansion project invested 2.0324 million yuan. The total investment in R & D was 13.3417 million yuan, an increase of 24.74 per cent over the same period last year. Seven licensed patents have been obtained.

Mingtai Aluminum Co., Ltd. (net profit increased by 40.82% compared with the same period last year)

In 2018, the total operating income of the company was 13.322 billion yuan, an increase of 28.54% over the same period last year, and the net profit attributable to the shareholders of the listed company was 4.956 billion yuan, an increase of 40.82% over the same period last year. In the face of the severe situation of the "double negative" investigation launched by the United States against China's aluminum sheet, strip and foil products and the imposition of high tariffs, the company is actively looking for export alternative markets and actively adjusting the overseas market layout and product structure. We have stepped up exports to markets such as Europe, Australia and South America, and instead of declining, foreign trade business has increased for the whole year. The overall production and sales of aluminum sheet, strip and foil reached 760000 tons, an increase of 20 per cent over the same period last year. Annual production of 125000 tons of automotive aluminum alloy plate project "main equipment 2800mm CVC six-high cold rolling mill and three-dimensional intelligent management warehouse installation completed operation." Henan Mingtai Technology Development Co., Ltd., a wholly owned subsidiary of Henan Mingtai Science and Technology Development Co., Ltd., produces and sells 108000 tons of aluminum foil in 2018. The products are widely used in new energy batteries, electronic and electrical appliances, pharmaceutical and food packaging and other industries.

East Sunshine (net profit up 28.78% over the same period last year)

In 2018, the overall operating results increased by a large margin, realizing a total operating income of 11.68 billion yuan, an increase of 29.74 percent over the same period last year, and a total profit of 17.93 yuan, an increase of 31.86 percent over the same period last year. The net profit belonging to the shareholders of the listed company was 1.091 billion yuan, an increase of 28.78 per cent over the same period last year. Established a technical cooperation relationship with Toyo Aluminum Co., Ltd., the third largest producer of aluminum paste and aluminum powder in the world, through the integration of Dongyang Aluminum's high capacity anode foil powder laminated foil technology and the company's forming technology, Engaged in the research and development of powder laminated foil and powder laminated foil. With technological innovation and product transformation as the leading factor, under the guidance of the company's research institute, breakthroughs have been made in electronic foil, brazing foil and other technologies. In the aspect of electronic foil, including the trial production of fully segregated high voltage foil, the stable performance of the product, and the mass production of low voltage foil through the development of low Ti process. The cast-rolling process YJ1090, has been successfully developed to become the only enterprise in the world that can produce cathode foil by casting-rolling method, which reduces the production cost of cathode foil.

Asia Pacific Technology (net profit up 23.53% year on year)

In 2018, operating income was 3.59 billion yuan, an increase of 5.36 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 375 million yuan, an increase of 23.53 percent over the same period last year. The combined output of profiles, pipes and bars was 156600 tons, an increase of 3.65 percent over the same period last year, and sales volume was 158200 tons, an increase of 6.29 percent over the same period last year. Domestic new energy vehicles continued to develop at a high speed, with production and sales of 1.27 million and 1.256 million vehicles respectively, an increase of 59.9 per cent and 61.7 per cent over the same period last year. We will vigorously promote the development of new fields such as aerospace, rail transit, new energy vehicles, military and civilian integration, and so on. While consolidating the domestic market, we should actively expand the space of the international market. At present, the international market has involved Asia, Europe, North America, South America, Africa and other regions. It has 289 patents, including 46 inventions, 215 utility models and 28 designs. The main equipment of the 80000 tons project has been installed and put into use, and the capacity is being released rapidly, and the infrastructure work of the 65000 tons project is being carried out according to plan. The capital construction work of the 40,000 tons project factory building has been basically completed, and the equipment foundation and equipment procurement work is actively under way in the course of acceptance.

Dingsheng new materials (net profit increased by 1.34% compared with the same period last year)

In 2018, operating income was 10.291 billion yuan, up 11.86 percent over the same period last year, and the net profit attributable to shareholders of listed companies was 276 million yuan, up 1.34 percent from the same period last year. Engaged in aluminum plate and foil research and development, production and sales business, at the same time, actively develop new products, battery aluminum foil and other products as a breakthrough, continue to improve the company's profitability and market influence. At present, it has rapidly become the leading enterprise in the aluminum industry. During the period of global production layout, Thai Dingli New Materials Co., Ltd. and Dingheng New Materials Co., Ltd. were invested in Thailand for the production of aluminum foil in Thailand. The establishment of overseas production platforms will not only help the company to reduce the impact of trade frictions, but also help issuers to accumulate experience in operation and management overseas, especially in countries along the "Belt and Road Initiative" route, and reduce the cost of exporting products to overseas countries. And further explore potential customers, expand overseas market share, and further enhance market competitiveness.

Minfa Aluminum Co., Ltd. (net profit down 6.58% compared with the same period last year)

In 2018, operating income was 1, 426 million yuan, an increase of 16.07% over the same period last year; operating costs were 1.29 billion yuan, an increase of 16.60% over the same period last year; and the net profit attributable to shareholders of listed companies was 36 million yuan, down 6.58% from the same period last year. Mainly engaged in aluminum products; hardware products and molds; curtain walls, doors and windows design, production, installation; magnesium alloy products processing. In 2018, the company's operating income and production and sales volume increased compared with 2017. And through the construction of solar photovoltaic power generation projects, make full use of renewable resources and reduce the cost of electricity. Strengthen the research and development of new products, pay attention to technological innovation, and improve the core competitiveness. In 2018, 11 patents were added, including 1 for invention, 5 for utility model and 5 for appearance.

Nanshan Aluminum Co., Ltd. (net profit down 10.76% compared with the same period last year)

In 2018, the operating income was 20.222 billion yuan, an increase of 18.48% over the same period last year, the operating cost was 16.707 billion yuan, an increase of 26.44% over the same period last year, and the net profit was 1.523 billion yuan, down 11.50% from the same period last year. The net profit belonging to the shareholders of listed companies was 1.438 billion yuan, down 10.76 per cent from the same period last year. Mainly engaged in the development, production, processing and sales of aluminum and aluminum alloy products, has formed a complete production line from thermoelectric-alumina-electrolytic aluminum-melting casting-(aluminum profile / hot rolling-cold rolling-foil rolling / forging). And passed the Airbus A320 wing long truss extrusion profile product certification, become the only Chinese Airbus aluminum alloy extrusion profile certification supplier. The annual output of 14000 tons of large precision die forgings is mainly faced with aluminum alloy, titanium alloy and nickel-based superalloy forgings in aviation, transportation, energy, power machinery, mining equipment and other markets. Including aircraft engines, landing gear and other highest-end forgings.

Yiqiu Resources (net profit decreased by 66.8% compared with the same period last year)

The total operating income in 2018 was 6.297 billion, an increase of 17.1% over the same period last year. During the reporting period, the net profit of the company belonging to the shareholders of listed companies was 97 million yuan, down 6980% from the same period last year. The prospect of development planning the procurement of waste aluminum is a major cost component of the company's operation. Because of its green and environmentally friendly characteristics, the recycled metal industry will continue to distribute upstream of the industrial chain after acquiring Metalico Company of the United States. Strengthen the control of raw material prices to provide a more solid guarantee for the company's profits. We will gradually learn from the experience of Metalico and explore this field.

Hutchison shares (net profit down 71. 26% year-on-year)

In 2018, the company achieved total sales of 1.065 billion yuan, an increase of 26.59 per cent over the same period last year. The total sales volume was 34769.12 tons, an increase of 14.55 per cent over the same period last year. The net profit attributable to the shareholders of listed companies was 18 million yuan, a decrease of 71.26 per cent over the same period last year. Take a stake in Suzhou Longitudinal Line Heat Exchanger Co., Ltd. And Shenzhen Maian Thermal Control Technology Co., Ltd., in order to enhance the company's R & D technology and development capability in the new energy industry. We continue to strengthen the development of new materials and the promotion of major R & D projects. 13 major R & D projects are being studied in 2018, including 9 new R & D projects established in 2018. It mainly includes the research and development of advanced technologies such as new materials, new technology, extrusion molding, deep processing, die and so on. The company has 41 patents, including 19 invention patents and 22 utility models.

Hongchuang Holdings (net profit down 78.06% compared with the same period last year)

In 2018, the total operating income was 1.518 billion yuan, an increase of 4.92% over the same period last year; the operating profit was 5 million yuan, the total profit was 8 million yuan, and the net profit attributable to the shareholders of listed companies was 9 million yuan, down 78.06% from the same period last year. Basic earnings per share were 0.0093 yuan, The main reason is that the company recovered the provision for bad debts of Qinghai Lufeng New Materials Co., Ltd., Yuanbo Industrial Development Co., Ltd., and Yuanbo Industrial Development Co., Ltd at the end of 2016. The decline in gross profit margins and the impact of payments to reserve personnel under construction during the reporting period. Investment projects, The cast-rolled coil products produced by the annual production of 150000 tons of high-precision aluminum strip casting and rolling line can realize the complete self-sufficiency of raw materials in the cold rolling production line of the company and save the remelting cost of aluminum ingots. The high precision cold rolled coil products produced by the company's production cost and the annual output of 85000 tons of high precision aluminum strip project are the main raw materials for the production of aluminum foil products, which can greatly increase the output of aluminum plate and strip and expand the market share. It plays a positive role in promoting performance.

Changal shares (net profit down 359.03% compared with the same period last year)

In 2018, the combined operating income of the group was 4.138 billion yuan, and 82.76% of the annual plan was completed, basically the same as the previous year. The total profit is-419 million yuan, and the net profit is-430 million yuan. The net profit belonging to the shareholders of listed companies was-430 million yuan, down-359.03% from the same period last year. In 2018, the aluminum industry completed 200270 tons of foreign sales, 85.22 per cent of the annual plan, an increase of 10.65 per cent over the previous year. Under the influence of the "double reverse" of the US government, the US sales market has been greatly affected, and automobile materials have been reduced by more than 5800 tons compared with the same period last year, but through the new development of factories or contract factories in regions such as Valeo and Beer in Europe or Mexico, The increase in auto material sales of 3600 tons partly made up for the losses suffered by the "double negatives" in the US market. Taking advantage of the acquisition of Jiangsu Changal New Energy Materials Co., Ltd., Hefei Lixiang, Huizhou Kodali, Jiangdong Electronics, Suzhou Chuangneng and other lithium battery enterprises have been developed. In technical cooperation with Valeo, we have successfully developed 3Z23A high corrosion resistance alloy products that meet the quality requirements of Valeo.

Aluminum industry occupies a high share in the market, and China's aluminum industry has begun to focus on high starting point, science and technology, scale, diversification, capitalization of the direction of development, at the same time bigger, stronger, better! Through the integration of listed companies, it is not difficult to find that the companies with higher profits are more or less involved in the new energy vehicle industry, or expand internationally, break the foreign technology blockade, and carry out special technology research and development at the same time. Draw lessons from many aspects of experience, re-integration.

Times are changing, technology is advancing, SMM and you work together to contribute to the future development and progress of the aluminum industry!

Key Words:  Aluminum  production capacity  cars