华峰铝业分析师会议-20250901

Group 1: Report General Information - The research object is Huafeng Aluminum Co., Ltd., and the industry is non - ferrous metals. The research date is September 1, 2025 [1][2][17] - The participating research institutions include a large number of investors [2] Group 2: Company Overview - Huafeng Aluminum focuses on the R & D, production, and sales of aluminum strips and foils. Its main products cover various series of aluminum alloy strips and foils in the heat transfer field, widely used in automotive heat exchange systems and new - energy vehicle power battery components. It has production bases in Shanghai and Chongqing and exports products to over 40 countries and regions. It has won honors such as the Ministry of Industry and Information Technology's Manufacturing Single - Champion Demonstration Enterprise and National Green Factory [24] Group 3: Company's 2025 H1 Performance - In the first half of 2025, the company's overall operation maintained a steady development trend. The core business advanced steadily, and the market layout was continuously optimized. The Chongqing Phase II project advanced as planned [25] - The company achieved an operating revenue of 5.964 billion yuan in H1 2025, a year - on - year increase of 20.87%; a total profit of 648 million yuan, a year - on - year increase of 2.02%; a net profit attributable to shareholders of the listed company of 570 million yuan, a year - on - year increase of 2.15%; and earnings per share of 0.57 yuan, a year - on - year increase of 1.79% [25] Group 4: Interaction and Q&A New Project Investment Progress - The "Intelligent Construction Project of High - end Aluminum Strips and Foils for New - Energy Vehicles with an Annual Output of 450,000 Tons" is under construction. It will introduce 1 + 1+4 hot continuous rolling mills, high - speed cold continuous rolling mills, and supporting shears. It will be built on the original land of Chongqing Huafeng and about 500 additional acres of land, with a total investment of 2.6 billion yuan. In May 2025, Chongqing Huafeng acquired the state - owned construction land use right of relevant plots in Baitao Street, Fuling District [26] Cost Reduction of the New Project - Due to the tight capacity of the previous hot - rolling process, the company has increased the purchase of semi - finished raw materials and outsourced processing in recent years, increasing costs. After the Phase II project is put into operation, the number of outsourced processing and semi - finished product purchases is expected to decrease, which will help reduce the comprehensive product cost. After the hot - continuous rolling equipment is put into operation, the company will carry out cost - reduction planning based on actual operations [27] Progress in Emerging Application Fields - The company is a material supplier for radiator customers and indirectly applies materials in emerging fields through downstream customers. Currently, the application in emerging fields is in its infancy, with most products in the verification, promotion, and small - batch production stages, and mass production will be promoted as downstream market demand grows [28] Group 5: Company's Future Plans - The company will continue to focus on the core business direction, steadily advance various tasks, and protect the rights and interests of all shareholders. It also hopes to maintain smooth communication with investors [29]