中孚实业拟2.59亿元投建铝基新材料项目

Core Viewpoint - Zhongfu Industrial plans to invest 259 million yuan in a new aluminum wheel project, aiming to enhance its value chain in aluminum processing and meet the growing demand for lightweight automotive components [1][2]. Company Summary - Zhongfu Industrial's wholly-owned subsidiary, Guangyuan Linfeng Aluminum Co., Ltd., will focus on producing 3 million aluminum wheels, with an expected annual sales revenue of 1.182 billion yuan upon full production [1]. - The project is part of Zhongfu Industrial's strategy to extend its "coal-electricity-aluminum integration" supply chain into high-value downstream segments [1][3]. - The company has reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 18.632 billion yuan, down 3.15% year-on-year, and net profit at 321 million yuan, down 18.72% year-on-year [2]. Industry Summary - The aluminum automotive wheel industry is experiencing growth driven by both policy support and market demand, particularly in the context of increasing penetration of electric vehicles [2]. - The "14th Five-Year" plan encourages the aluminum processing industry to move towards high-end and refined products, providing a favorable policy environment for Zhongfu Industrial's project [2]. - The competitive landscape is challenging, with many players in the domestic aluminum wheel market and significant pressure from fluctuating aluminum prices and cost control by automotive manufacturers [2].