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The construction project of Hailiang Nonferrous Materials production Base in the United States has been successfully resumed.
May 9,2020 22:09CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 9: it is reported that due to the impact of the global epidemic, the design and construction project of Hailiang Nonferrous Materials Intelligent Houston Copper Tube production Base (Phase I) successfully resumed work on March 30th after a temporary suspension. Proceeding from reality, Hailiang shares and China Construction and the United States have jointly formulated a scientific resumption plan to promote the prevention and control of the regular epidemic situation in the project in an orderly manner, and gradually resume production and construction work.

At present, the downstream of domestic copper has returned to work normally, overseas high probability will resume production at the end of the second quarter or the third quarter, at that time Hailiang shares production and marketing is expected to return to normal completely. According to the plan, Guangdong Hailiang 75000 tons of high-efficiency energy-saving environmental protection precision copper pipe project, Anhui Hailiang 90, 000 tons of high-efficiency energy-saving environmental protection precision copper pipe project and other investment projects will be put into production in 2020, production capacity growth is expected to boost the company's performance, and enhance the company's long-term profitability.

In recent years, Hailiang shares continue to launch high-efficiency internal thread copper tubes, new copper alloy tubes, environment-friendly lead-free precision copper rods and other high-end products, so that the product structure of the enterprise is becoming more and more optimized. How to minimize the impact of the epidemic and turn the crisis into an opportunity, Hailiang shares handed over a good answer. In the first quarter of this year, the company's operating income reached a new high of 41.153 billion yuan, with a net profit of 1.063 billion yuan, an increase of 17.06 percent over the same period last year.

Introduction of copper tube

Copper tube is a kind of non-ferrous metal tube, which is pressed and drawn seamless tube. Copper pipe has the characteristics of good electrical conductivity, thermal conductivity, conductive accessories of electronic products and the main materials of heat dissipation accessories, and has become the first choice for modern contractors to install water pipes, heating and refrigeration pipes in all residential commercial houses. Copper tube has strong corrosion resistance, is not easy to oxidize, and is not easy to react with some liquid substances, so it is easy to shape.

The copper tube has the advantages of light weight, good thermal conductivity and high low temperature strength. Often used in the manufacture of heat exchange equipment (such as condensers, etc.). It is also used to assemble cryogenic lines in oxygen production equipment. Copper tubes with small diameter are often used to transport pressurized liquids (such as lubrication system, oil pressure system, etc.) and pressure measuring tubes used as instruments.

Copper pipe is the first choice for modern contractors to install water pipe, heating and refrigeration pipe in all residential commercial houses:

Because the copper tube is easy to process and connect, it can save material and total cost during installation, has good stability and reliability, and can save maintenance.

Copper is light. For stranded tubes with the same inner diameter, copper tubes do not require the thickness of ferrous metal. When installed, the copper pipe is less expensive to transport, easier to maintain, and takes up less space.

Copper can change shape. Because copper tubes can be bent and deformed,

It can often be made into elbows and joints, and smooth bending allows copper tubes to bend at any angle.

Copper is easy to connect.

Copper is safe. No leakage, no combustion, no toxic gases, corrosion resistance.

Copper tube is resistant to high temperature and can be used in a variety of environments. In contrast, the shortcomings of many other pipes are obvious, such as the galvanized steel pipe used in the past, very easy to rust, the use of a short time will appear tap water yellowing, water flow becomes smaller and so on. Some materials are rapidly reduced in strength at high temperatures, creating unsafe risks when used in hot water pipes, and the melting point of copper is as high as 1083 degrees Celsius, and the temperature of the hot water system is negligible to the copper pipe. Archaeologists have found copper pipes from 4500 years ago in the pyramids of Egypt, which are still in use today.

Zhejiang Hailiang Co., Ltd. (hereinafter referred to as "Hailiang Stock" or "Company") is a Sino-foreign joint venture limited company controlled by Hailiang Group Co., Ltd. Since its establishment in 2001, the company has been committed to high-quality copper products, conductive profiles, aluminum profiles research and development, production, sales and service. The company was listed on the Shenzhen Stock Exchange on January 16, 2008, stock code: 002203. As of December 31, 2019, the total assets of Hailiang shares were 24.522 billion yuan, the net assets belonging to the shareholders of listed companies were 9.396 billion yuan, and the asset-liability ratio was 60.19%. In 2019, the company realized total operating income of 41.259 billion yuan, attributable to the shareholders of listed companies net profit of 1.063 billion yuan, Hailiang shares copper processing material sales exceeded 700000 tons for the first time, return to mother net profit conflict 1 billion yuan for the first time. In the 12 years since its listing, the sales volume of copper processing materials and the net profit of shareholders of listed companies have increased at an average annual compound growth rate of 15.99% and 16.26%, respectively.

The company's core business has developed into three series (copper tubes, copper bars and copper bars) and eight leading products (copper alloy tubes, refrigeration air conditioning tubes, seamless copper water (gas) tubes, precision copper bars, pipe fittings, microchannel aluminum flat tubes, aluminum profiles, conductive profiles). Products include nearly 1000 brands, tens of thousands of specifications, widely used in nuclear power, aerospace, warship and marine engineering, seawater desalination, air conditioning and refrigerator refrigeration, construction water pipes, equipment manufacturing, automotive industry, electronic information and other military and civilian industries.

The company has 15 major production bases, such as Zhejiang, Shanghai, Anhui, Guangdong Taishan, Guangdong Zhongshan, Vietnam, Thailand, Chongqing, Chengdu, the United States, Berlin, Germany, Mendeng, France, Italy, Spain and so on. At home and abroad has accumulated a large number of high-quality and stable customers, with 124 countries or regions of more than 8,000 customers to establish long-term business relations, with a number of industry brand enterprises to become strategic partners. For nine consecutive years, the enterprise has won the credit AAA enterprise in Zhejiang Province, the company is a high-tech enterprise, the national enterprise intellectual property pilot unit, the national postdoctoral research workstation unit, the provincial innovation enterprise, the standard innovation enterprise, has the Zhejiang Province first batch provincial enterprise research institute, the provincial enterprise technology center, the provincial high and new technology research center, the provincial key innovation team. Ministry of Education key Laboratory "Hailiang Copper processing Technology Development Laboratory".

The development history of Hailiang shares is not only a microcosm and model of the development process of manufacturing in China and industrial upgrading, but also a typical example of leading the development of the industry and feeding the society after the growth of enterprises. All along, Hailiang shares have been committed to providing customers with high-quality products and services, seeking reasonable benefits and returns for shareholders, providing employees with a good platform for employment and growth, and conveying advanced management concepts and manufacturing experience for the industry. Hailiang shares have also changed the situation of heavy technology and heavy pollution in the copper processing industry in the past through continuous research and development of technology, upgrading technology and improving equipment, and protected the environment to achieve green development. Hailiang shares uphold the spirit of ingenuity, serve the people's livelihood with high-quality products, and make due contributions to promoting economic development.

In the future, under the guidance of the goal of "intelligent manufacturing of non-ferrous materials to achieve great-leap-forward development", Hailiang shares should step out of the product end and out of the application end, and upgrade the traditional manufacturing to intelligent manufacturing, so as to make a further contribution to the social and economic development.

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