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Huafeng Aluminum was successfully listed on the main board of the Shanghai Stock Exchange.
Sep 7,2020 17:27CST
With the sound of a loud gong, Huafeng Aluminum, the third listed company of Huafeng Group (stock code: 601702), was successfully listed on the main board of the Shanghai Stock Exchange at 09:30 on September 7th.
The content below was translated by Tencent automatically for reference.

At 09:30 on the morning of September 7, SMM, Huafeng Aluminum (stock code: 601702), the third listed company of Huafeng Group, was successfully listed on the main board of the Shanghai Stock Exchange with the sound of a gong.

Liu Jian, mayor of Shanghai Jinshan District, Xia Yi, member of the standing Committee of Chongqing Fuling District Party Committee and Minister of United Front work, Ma Shengcong, secretary of the Ruian Municipal CPC Committee, you Feiyu, vice president of Huafeng Group, and Chen Guozhen, chairman of Huafeng Aluminum Co., Ltd., jointly sounded the gong sound of Huafeng Aluminum's listing.

Zhou Yong, vice chairman of the Chinese people's political Consultative Conference, Fuling District, Chongqing, Shen Guozhong, party secretary and chairman of Jinshan Industrial Zone, Professor Lu Xiongwen, dean of the School of Management of Fudan University, Zhang Bangtao, member of the standing Committee of the Ruian Municipal Committee and executive vice mayor, Hu Pingsheng, vice president of Societe Generale Securities, you Xiaoping, chairman of Huafeng Group, Lin Jianyi, vice president, you Feihuang, vice president, and Gao Yongjin, general manager of Huafeng Aluminum, attended the listing ceremony. Witnessed this glorious moment.

Chen Guozhen said in his speech that the successful listing of Huafeng Aluminum is an important milestone in the company's development process. In the future, we will take listing as an opportunity, always have a dream, continue to focus on industry, focus on the main business, always be in awe of the market, in awe of the rules, always be grateful, be grateful for the society and the era of gratitude, and continue to strengthen the enterprise. create better benefits and make new contributions to corporate citizens.

As the sponsor and lead underwriter of Huafeng Aluminum in this listing, Hu Pingsheng said in his speech that Huafeng Aluminum is a world-class supplier of high-quality new materials. In the process of cooperation with Huafeng Aluminum, I deeply feel the competitive advantages of Huafeng Aluminum, such as strategic deployment, production scale, industrial product structure and technology brand. He promised that in the future, Societe Generale Securities will perform its duties well, gather a team of first-class talents and give full play to its rich professional experience, so as to provide world-class investment banking services for Huafeng Aluminum Co., Ltd.

Liu Jian warmly congratulated Huafeng Aluminum on its successful listing and hoped that the company would take listing as a new starting point, comprehensively enhance its innovation and market development ability with the help of the capital market, optimize its products, strengthen its brand and enlarge the market, and play the role of innovation "leader" and industry leader in high-quality economic development, so as to repay shareholders with more excellent performance and society with more high-quality service.

At the scene of the Shanghai Stock Exchange, in the face of the interview with the reporter, you Feiyu, full of joy, expressed hope for the future development of Huafeng Aluminum Industry. He should always adhere to the "four major innovations" and further match the excellent listed companies at home and abroad. Further increase product development in high-end areas, further enhance the level of intelligent manufacturing, further strengthen market promotion and brand cultivation, and further pay attention to corporate governance, information disclosure and investor returns. And with the help of capital market empowerment, we can repay employees, shareholders and society with good performance.

Ma Shengcong, secretary of the Ruian Municipal CPC Committee, expressed warm congratulations to Huafeng Group and Huafeng Aluminum Industry on behalf of the municipal party committee and municipal government. He said that the listing of Huafeng Aluminum Group is another shining debut of Huafeng Group in the capital market. It is hoped that Huafeng Group and Huafeng Aluminum Group will take listing as an opportunity, based on a new starting point, open up a big pattern, seize new opportunities, and achieve better and faster development. Accelerate towards the goal of "hundreds of billions of Huafeng, century-old stores". The success of Huafeng Group provides a reference and benchmark for other enterprises. I hope that Ryan has more enterprises, like Huafeng Group, with responsibility, strength and dream, and is committed to making the enterprise bigger and stronger. Ma Shengcong pointed out that the Ruian municipal party committee and municipal government will adhere to the listing of enterprises as the "main engine" of high-quality development, continue to give support and help, customize incentive policies, and promote high-quality development with high-quality and accurate services. further enhance the core competitiveness of our city's economic development.

Huafeng Aluminum, founded in July 2008, is the core subsidiary of Huafeng Group, one of China's top 500 enterprises and a domestic leader in new materials. Since its inception, Huafeng Aluminum has adhered to the mission of "attentively creating life", always followed the concept of "quality first, customer first", and positioned itself to develop "high-end market, high-end customers, and high value-added products". In a competitive environment, Huafeng Aluminum has gradually realized the leap from adapting to the market, opening up the market to leading the market and creating the market. Creatively out of a focus on quality, innovation, pay attention to the development of the brand. With the rapid development of China's automotive industry, Huafeng Aluminum Industry has entered the field of automotive heat exchangers, focusing on the production of aluminum heat transfer materials and new energy battery materials for automobiles. In 2018, it rapidly developed into one of the largest manufacturers of aluminum heat transfer composites in China and an industry leader in the field of automotive heat exchangers. It has been recognized by hundreds of well-known auto parts suppliers in the world, and the products are exported to more than 30 countries and regions.

Data show that in 2017, 2018, 2019 and the first half of 2020, Huafeng Aluminum achieved income of 3.229 billion yuan, 3.416 billion yuan, 3.59 billion yuan and 1.701 billion yuan respectively, and net profit of 207 million yuan, 168 million yuan, 184 million yuan and 86.53 million yuan respectively. In the past two years, due to price fluctuations and Sino-US trade frictions and epidemic situation, the main operating data of Huafeng Aluminum is still higher than the average annual growth of the industry.

Huafeng Aluminum Co., Ltd. issued 249.63 million new shares, which are mainly used for projects with an annual output of 200000 tons of aluminum plate, strip and foil in Fuling District, Chongqing. Huafeng Aluminum issued price of 3.69 yuan, the opening price of 4.43 yuan on the first day of listing, and immediately rose to 5.31 yuan, an increase of 43.9%, indicating that the majority of investors recognize the future growth of Huafeng Aluminum Industry.

It is reported that the listing road of Huafeng Group opened in August 2006, "Huafeng spandex" entered the small and medium-sized board of Shenzhen, becoming the first private enterprise in Wenzhou to be listed on the domestic IPO; in February 2011, "Huafeng superfiber" was successfully listed on the gem of Shenzhen Stock Exchange. On September 7, 2020, Huafeng Aluminum was successfully listed on the Shanghai Stock Exchange, bringing the number of A-share listed companies of Huafeng Group to three, making it the Wenzhou local enterprise group with the largest number of listed enterprises.

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