Wanshun Xin Lai's first quarter performance increased by 605.59% MUE 676.26% aluminum foil production capacity continues to release focus on battery foil field

Wanshun Xincai recently issued a pre-increase announcement on its performance in the first quarter of 2022. The data show that Wanshun Xincai is expected to achieve a net profit of 50 million yuan to 55 million yuan attributable to shareholders of listed companies in the first quarter, an increase of 605.59% and 676.26% compared with the same period last year.

Wanshun Xincai said that the first quarter around the annual business plan, to promote research and development, production, sales and other work, due to the strong demand in the downstream market of aluminum foil, coupled with the gradual release of the production capacity of the subsidiary Anhui Zhongji Phase I high-precision electronic aluminum foil production project, driving the company's aluminum processing business profitability to significantly improve, the company's overall operating performance in the first quarter of 2022 increased significantly compared with the same period last year.

Anhui Zhongji Phase I high-precision electronic aluminum foil production project has been put into production at the end of 2021, the current capacity is gradually released, the second phase of the 32000-ton project has started construction, and in early January 2022 has issued a preliminary plan to issue stocks to specific objects to raise funds in Anhui Zhongji annual production capacity of 100000 tons of power and energy storage battery foil project, the project is expected to form 255000 tons of aluminum foil production capacity. In addition, Wanshun New Materials has an existing production capacity of 83000 tons in Jiangsu Zhongji factory.

In addition to aluminum foil products, Wanshun new materials in aluminum strip production has Jiangsu Huafeng, Anhui Zhongji annual production capacity of 110000 tons, in addition, Sichuan Wanshun Zhongji annual output of 130000 tons of high-precision aluminum strip project has started construction, all completed to form 240000 tons of aluminum strip production capacity.

Wanshun New material is mainly engaged in paper packaging materials, aluminum foil and functional film three major business, around the development strategy, the overall steady development, is the domestic paper packaging materials, aluminum foil and functional film industry leader. And Wanshun new materials through the aluminum plate to the relatively perfect industrial layout of aluminum foil, focusing on the battery aluminum foil business area, promoting the industrial upgrading of aluminum processing business plate.

According to the information previously disclosed by Wanshun New material in the investor relations activity record sheet, Wanshun New material made a breakthrough in the market development of strategic products represented by battery aluminum foil and battery aluminum foil billet in 2021. The sales volume of battery aluminum foil reached 2886 tons, an increase of 825% over the same period last year. Customers downstream of battery positive foil include Ningde Bofa, excellent foil talents, Ruipu Energy, Huzhou Tianfeng and other companies. Downstream customers of battery soft foil include excellent New Materials, Lithium Shield New Energy, Jiangxi Mingguan, Zijiang New Materials, Tony Electronics and other companies. Sales of battery aluminum foil billets reached 23000 tons, an increase of 155% over the same period last year. Downstream customers include Lishi New Materials, Yongjie New Materials, Chang Aluminum, North China Aluminum and other companies. At present, the company has entered the supply chain system of the battery head enterprise Ningde era and began to supply.

According to the 2021 annual report data disclosed by Wanshun Xincai, Wanshun Xincai achieved operating income of 5.437 billion yuan in 2021, an increase of 7.28% over the same period last year, and a net profit loss of 44 million yuan for shareholders belonging to listed companies, down 156.99% from the same period last year. Wanshun Xincai said that due to rising raw material prices, fluctuations in aluminum prices at home and abroad, rising sea freight, phased power cuts, increased R & D expenditure and labor costs, plus provision for impairment of goodwill and provision for price decline in inventory, the company suffered a loss in operating profit.

In 2022, Wanshun Xincai said that it will speed up the construction progress of the second phase of the high-precision electronic aluminum foil production project with an annual output of 30,000 tons and a high-precision aluminum strip project with an annual output of 130000 tons, so as to shorten the construction period and improve the quality of the project. strive for the early commissioning of the project; do a good job in the planning and design of the project with an annual output of 100000 tons of power and energy storage battery foil, combine the previous project construction experience to achieve the best plan, and promote the construction project according to the plan. Do a good job of project human resources planning, personnel reserve and training in advance, and strive to reach production as soon as possible after the project is put into use.