The net profit of Minfa Aluminum Industry decreased by 7.28% compared with the same period last year. 2022 increases the production and sales of materials used in photovoltaic and automotive fields.

Among the listed aluminum companies that have issued annual reports so far, Minfa Aluminum is the first company with a decline in net profit. According to the data of the 2021 annual report released by Minfa Aluminum on April 2, Minfa Aluminum achieved an operating income of 2.244 billion yuan in 2021, an increase of 40.82 percent over the same period last year, and the net profit belonging to shareholders of listed companies reached 58 million yuan, down 7.28 percent from the previous year.

Minfa Aluminum said that at present, the company's aluminum profile products are mainly sold through the pricing method of "aluminum ingot price + processing fee". Aluminum ingot cost accounts for a high proportion of production cost, so futures hedging can properly hedge the fluctuation of aluminum price, but the large fluctuation of aluminum ingot price may still have an impact on the company's operating performance. The aluminum profile production industry is a fully competitive industry, and the processing fee may decrease with the intensification of competition.

At the same time, the main marketing method of Minfa aluminum formwork products is to lease aluminum formwork to construction enterprises to obtain business income, the more aluminum formwork rental area, the faster the turnover speed, the more business income. However, the different length of the project cycle and the recovery of funds will also affect the rental performance of aluminum formwork to a certain extent.

According to the data, Minfa Aluminum Industry is an enterprise integrating R & D, production and sales of building aluminum profiles, industrial aluminum profiles and building aluminum formwork, and its main business and products are R & D, production and sales of building aluminum profiles, industrial aluminum profiles and building aluminum formwork. The company is one of the early enterprises in the domestic industry to set foot in the field of industrial profiles. While opening up the high-end industrial aluminum profile market, the company continues to dig the demand for the original building aluminum profile market and raise investment in the construction of energy-saving and environmental protection high-performance aluminum alloy building formwork project. Building aluminum profiles are mainly used in real estate development, construction engineering, civil buildings, factories, large doors and windows, curtain wall decoration companies, store sales, sporadic doors and windows processing and so on. Industrial aluminum profiles are mainly used in electronics and electrical appliances, solar energy, transportation, furniture, sanitary ware, sporting goods and so on.

In 2022, Minfa Aluminum Co., Ltd. aims to achieve an increase of more than 10% in production and sales compared with 2021. In 2022, the company will increase the production and sales of solar energy, automobiles and other industrial materials; at the same time, it will actively open up new markets. In particular, Jiangxi's market share developed by Jiangxi subsidiaries has gradually expanded, and product quality has been continuously improved to achieve the goal of 10% increase in production and sales compared with 2021.