Published: Aug 29, 2023 09:50

Today, FeiKaida disclosed its semi-annual report for 2023, showing that the company achieved a total operating income of 1.994 billion yuan in the first half of the year, an increase of 4.22% year-on-year; and realized a net profit attributable to shareholders of listed companies of 40.9164 million yuan, a slight decrease of 6.03% year-on-year.

FeiKaida, with aluminum alloy wheels as its main business, covers the fields of automobile aluminum alloy wheels, motorcycle aluminum alloy wheels and electric bicycle wheels. Among them, FeiKaida's automobile wheel products have a large proportion of independent brands, benefiting from the increase of independent brand market share in the first half of the year, and the company's OEM (host) market sales have grown rapidly.

It is worth mentioning that in the OEM market of automobile wheels, FeiKaida continues to optimize the product structure and focus on the development of the new energy market: SAIC Volkswagen's many new products have passed the audit and the supply volume has increased. At present, the company has established stable cooperation with LEPE Motor, Changan New Energy, Great Wall New Energy, Geely New Energy, Jiangling New Energy, etc.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
2 hours ago
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
Read More
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
2 hours ago
Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone
2 hours ago
Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone
Read More
Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone
Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone
Xinjiang Boyuan Aluminum Co., Ltd. is making every effort to advance the construction of its new-type aluminum semis project with an annual capacity of 150,000 mt. Located in the Huoshaoshan Aluminum Downstream Industrial Park of Xinjiang Zhundong Economic and Technological Development Zone, the project involves a total investment of 180 million yuan and covers an area of 64 mu. It is planned to build two standardized production workshops with a total floor area of 23,000 m². In terms of production line configuration, the project will be equipped with two aluminum rod production lines, eight cast-rolling aluminum coil and strip production lines, and one cold-rolling aluminum coil and strip production line. Once fully completed and put into operation, the project is expected to achieve an annual production capacity of 60,000 mt of aluminum wire and 90,000 mt of aluminum coil.
2 hours ago
[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note
3 hours ago
[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note
Read More
[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note
[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note
[ADC12 Price Daily Commentary: Aluminum Futures Consolidate at Highs, ADC12 Spot Consolidates on a Strong Note] The aluminum alloy 2611 contract opened at 23,430 yuan/mt today, dipped to an intraday low of 23,320 yuan/mt where it found support before gradually rebounding, fluctuated within a range of 23,320-23,560 yuan/mt throughout the day, and closed at 23,435 yuan/mt, up 0.11%.
3 hours ago