Annual performance pre-increase report of Huafeng Aluminum Industry: net profit of RMB 430-510 million in 2021

Huafeng Aluminum released its annual performance pre-increase report for 2021. It is expected that the net profit attributed to shareholders of listed companies in 2021 will be 430 million yuan to 510 million yuan, an increase of 181 million yuan to 261 million yuan compared with the same period last year, and an increase of 72.69% to 104.82% over the same period last year.

In the performance pre-increase report, Huafeng Aluminum said that among the main reasons for the pre-increase in this year's performance, it was pointed out that the national economy continued to recover in 2021, under the background of the double exploration strategy, the new energy vehicle market developed rapidly, and the strong demand from the downstream industry led to a large increase in the output and sales volume of the company's products. At the same time, the company continued to carry out technological reform and innovation, and optimize processes and projects. The double efficiency improvement of management efficiency and benefit is realized. The report also points out that the low base of comparison caused by the limited growth of the industry affected by the epidemic in 2020 is the main reason for the large increase in performance in 2021.

As a leading enterprise of aluminum foil in China, Huafeng Aluminum Industry is mainly engaged in the research and development, production and sales of aluminum plate, strip and foil. Its main products include aluminum alloy strip and foil materials of various series and specifications in the field of heat transfer, which are widely used in automobile and construction machinery cooling systems, power plant cooling devices, microchannel household commercial air conditioners and other major fields. With stable and high-quality product quality, the company has been highly recognized by hundreds of auto parts suppliers around the world, and has a business scope in more than 40 countries and regions. It is one of the top 10 aluminum foil companies in China and one of the top 100 manufacturing enterprises in Shanghai. In particular, it won the Japan Denso Group Regional Cooperation supplier Award and the German Mahler Group quality Outstanding supplier Award, and established a good brand image.

Earlier, Huafeng Aluminum said in an investment survey that in 2022, the company would carry out the layout and planning of key products in the new energy business sector. It includes battery shell material, battery foil material and aluminum-plastic film material which are mainly used in new energy battery, and aluminum heat transfer material used in heat exchange system of new energy vehicle.

Battery shell material is a product that Huafeng Aluminum Co., Ltd. has more mature production process and mature batch supply in the field of new energy battery materials, and it is also a material with broad market demand in the future. Huafeng Aluminum said it will strive to increase market development and increase market share in 2022 to further increase sales. Among them, the aluminum-plastic film material is gradually increasing, and the battery foil material is still in verification and small batch trial production.

In new energy vehicles, in addition to the battery system, the heat exchange system will also use a considerable proportion of aluminum heat transfer materials. Aluminum heat transfer material is the strong product of Huafeng aluminum industry. at present, the company has two major production bases in Shanghai and Chongqing, and the product quality is stable and has been recognized by many auto parts suppliers around the world. Huafeng Aluminum actively carries out material research and development and cooperation with customers, forming a competitive advantage in the industry. It is helpful to further consolidate and strengthen the product promotion and business promotion of aluminum heat transfer materials in the field of heat exchange system of new energy vehicles.