Zhongfu Industrial Approves 363M Yuan Investment in 250,000 mt Secondary Aluminum Alloy Project

Published: Apr 24, 2026 18:02

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On April 21, Zhongfu Industrial announced that its board of directors had convened and approved the "Proposal on New Project Investment by a Wholly-Owned Third-Tier Subsidiary." The company's wholly-owned third-tier subsidiary, Qingchuan Zhongfu Secondary Aluminum Alloy Co., Ltd., planned to invest in the construction of a secondary aluminum alloy project with an annual capacity of 250,000 mt. The total project investment was 363 million yuan, funded through self-raised capital. The construction period was two years. Upon reaching full production, the project was expected to generate annual pre-tax revenue of 5.3015 billion yuan, average annual net profit of 23.02 million yuan, and an internal rate of return on total investment of 8.6% (after tax).

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