Wanfeng Aowei multi-agency research has an absolute competitive advantage in large magnesium alloy die castings.

Recently, Haitong Securities, CITIC Securities, Everbright and other institutions went to Wanfeng Aowei to conduct research. From January to September in 2021, the overall production and sales volume of the company's various businesses maintained growth, with a total operating income of 8.52 billion yuan, an increase of 15.79% over the same period last year. As the market prices of major raw materials rose greatly over the same period last year, the net profit attributed to shareholders of listed companies was 236 million yuan, down 42.62% from the same period last year.

From January to September 2021, China's passenger car production and sales completed 14.658 million and 14.862 million respectively, an increase of 10.7% and 11.0% respectively over the same period last year. The company's automotive metal parts lightweight business production and sales and sales revenue increased as a whole. The company has achieved rapid growth in the supply of new energy vehicles by continuously strengthening R & D cooperation with mid-and high-end new energy mainframe factories and strengthening market development and product supply. The company focuses on the lightweight application advantages of "magnesium alloy, aluminum alloy, high strength steel" metal parts, and actively expands the application field. The high thermal conductivity magnesium alloy technology and new materials developed by the company can be applied in the communication field of marine equipment. Wanfeng magnesium Reading and Subaru jointly developed the magnesium alloy charger shell of hybrid electric vehicles, which realized the batch use of magnesium alloy in vehicle charging equipment for the first time, and won the 2021 International magnesium Association Automotive casting Excellence Award, showing the technical strength of the company's magnesium alloy technology in lightweight application of electric vehicles.

Wanfeng Aowei said that the company's domestic development strategy of navigation business has also made significant progress. The diamond aircraft industry has introduced local platform funds and central enterprise industrial funds as strategic shareholders, and the underlying structure of shareholders has been initially formed, working together to accelerate the development of the domestic navigation market. DA50 and HK36 models in the domestic market have been settled in Qingdao, and the project is planned to be promoted. At this year's Zhuhai Air Show in China, the DA50 and HEMEP hybrid multi-engine aircraft attracted wide attention from the industry and the media as soon as they were unveiled. Wanfeng Diamond reserves a large number of navigable R & D and design talents, has a large number of aero-engines, new fixed-wing aircraft as the characteristics of general aircraft R & D and design technology, according to new energy aviation technology development roadmap planning, for flight training trainer market, the launch of Diamond eDA40 electric aircraft, the follow-up will further promote pure electric aircraft prototype production and model certification.

The company's automotive metal parts lightweight business performance is affected by the rise in raw material prices. In the first three quarters of 2021, the company's lightweight automotive metal parts business production, sales and sales revenue overall growth, due to the main raw material aluminum ingot market prices rose 35% year-on-year (41% year-on-year in July-September), magnesium ingot prices rose 55% year-on-year (133% year-on-year in July-September), steel prices rose 30% year-on-year (37% year-on-year in July-September), as well as the impact of rising shipping prices due to the tight shipping schedule of the epidemic. The operating cost of the lightweight business of automotive metal parts has increased greatly compared with the same period last year, the settlement lag of the linkage settlement of customer sales price and raw material price and the influence of some customers have not yet been affected by linkage factors, and the year-on-year increase in operating cost is higher than that of revenue growth. the overall profit level showed a certain decline. It is expected that the trend of raw material prices will slow down in the future, the impact of price linkage settlement lag will be weakened, and the profitability of automotive metal parts lightweight business will be improved.

The company has independent research and development of fully automatic casting system, large-scale thin-walled magnesium alloy die-casting technology and other core technologies to achieve industrialization. There is an absolute competitive advantage in large magnesium alloy die castings. 4000 tonnage hatchback door panels have been supplied and the technology accumulation is very rich.

In recent years, the company has done a lot of work in the field of magnesium alloy application in China, and the non-ferrous metals association, T3 (FAW, Dongfeng, Changan) mainframe factory and automobile industry association have done a lot of research and development on the development and use of magnesium products. it not only has a breakthrough application in the related models of the mainframe factory, but also plays a great role in promoting the application of magnesium alloy products in the domestic mainframe factory. As the domestic main engine factories pay more and more attention to the use of magnesium, the products gradually shift from steering wheel frame and bracket to more product applications, such as dashboard bracket, front-end template, shock absorber tower and so on. With the deepening of strategic cooperation between the company and T3 mainframe factory and the continuous promotion of technological research and development, the application and development of magnesium alloy parts in China's automobile industry have been promoted, and a market-driven demonstration effect has been formed.

The navigation industry is a strategic emerging industry in China. During the 13th five-year Plan period, the development of the national general aviation industry has made remarkable achievements, compared with the end of the 12th five-year Plan period, the data has nearly doubled. At present, China's general aviation as a whole is still in the initial stage, with the implementation of the national policy of "releasing management and service" and the implementation of the civil aviation "two wings flying together" strategy, more and more provinces such as Hainan, Shanxi, Sichuan, Hunan, Anhui, Jiangxi, Henan and so on see the great prospect of navigation development. With the promulgation of a series of policies, such as the national policy to promote the development of navigable aircraft, the "General Plan for the Construction of low-altitude Flight Service guarantee system" and the "Action platform for the Construction of Civil Aviation Type IV Airport of China (2020-2035)", the development of the general aviation industry began to speed up. From the perspective of industry, domestic navigation infrastructure construction is constantly improving, the number of general airports is growing rapidly, provincial navigation pilot areas and city and county navigation airports are springing up like bamboo shoots after a spring rain. In the context of the development of this industry, through the continuous introduction of new models and new market areas, diamond aircraft will become a new market development and performance growth pole for the company.