In Q1, facing the adverse situation of continuously weakening product demand and prices, Yulin New Materials Group focused on the differentiation of high-end aluminum industry development. Centered around the "1249" work approach, the Group strived to stabilize growth, double the quality, efficiency, and output, and steadily advance production and operation. It achieved an operating revenue of 7.908 billion yuan, up 9.86% YoY. It produced 141,200 mt of aluminum ingots (molten aluminum), 2.5194 million mt of coal, and generated 2.399 billion kWh of electricity.
The operational quality of the industry chain has steadily improved. Yulin New Materials Group focused on the "One Improvement and Four Reductions" (improving quality, reducing electricity consumption, reducing coal consumption, reducing costs, and reducing inventory), refined staged and step-by-step improvement goals, and planned to establish 39 quality management teams and 37 trustworthy quality teams throughout the year. It optimized key energy and material consumption indicators, saving 8.71 million yuan in the first quarter and reducing controllable costs by 18.54 million yuan. The comprehensive alternating current (AC) power consumption per ton of aluminum decreased by 24 kWh YoY, and total factor productivity steadily improved. It optimized sales strategies, raised the standards for self pick-up and shipping pricing of aluminum ingots, and increased revenue by 10.1 million yuan through high-point pricing sales, winning a larger profit margin. The installation of 576 electrolytic cells for the intelligent aluminum shell breaking project was completed, and three projects, including the transformation of the filling material coking block crushing system for the roasting and disassembly station, were accelerated. The Group's core competitiveness continued to improve.
The cultivation of new growth points has steadily advanced. Yulin New Materials Group accurately positioned the key tasks for the transformation and upgrading of the aluminum industry, highlighted the layout of high-end manufacturing, and steadily advanced four projects, including the production of 430,000 mt of aluminum-based new materials, aluminum powder, and aluminum foil per year. Focusing on the cultivation of new growth points, the carbon residue value-added treatment project completed its preliminary feasibility study review. Nine projects, including new quality improvement and production increase, green and low-carbon, and digital intelligence, made new progress. Works such as upstream aluminum cooperation and the R&D of key technologies for magnesium smelting progressed as scheduled. The Group intensified market development efforts, acquiring 13 new customers, signing marketing cooperation agreements with 5 new product partners, and completing the delivery of the first batch of 33 mt of low-iron aluminum particles. It dynamically grasped market changes, planned 8 new projects, completed fixed asset investments of 254 million yuan, and added new momentum and advantages to the Group's development.
Meanwhile, centered around the main line of improving both work style and capabilities, Yulin New Materials Group established and improved a differentiated assessment system, determined 32 core improvement tasks to be completed in 2025, and achieved effective application of assessment results. It initiated the construction of a compliance and internal control system, completing the "abolishment, revision, and establishment" of 29 systems. It established a dynamic tracking model for project construction, taking management improvement to a new level. Each unit, referring to 22 issues in 6 aspects, promoted work style construction through integrated learning, inspection, and improvement, enhancing the overall quality of cadres and employees. It accelerated the construction of five types of talent teams, completed the "three determinations" work for 3 units in line with the "dark factory" concept, formulated and issued implementation plans for the construction of "four teams," and formed 88 "master + apprentice" skilled craftsman teams.We optimized the diversified recruitment methods for talents, attracting 18 high-end talents with master's degrees or above to support the recruitment and cultivation of scientific and technological talents and enhance scientific and technological innovation capabilities. We strived to drive qualitative changes in industrial upgrading through quantitative changes in innovation, and worked hard to become the "top performer" in the domestic coal-electricity-aluminum integrated industry.
