Core Viewpoint - The rapid development of the new energy vehicle market in China is driving the demand for lightweight materials, particularly aluminum plates, strips, and foils, which are ideal for vehicle bodies due to their lightweight and high-strength characteristics [1][10]. Market Overview - Aluminum plates, strips, and foils are produced through processes such as rolling and casting, and are widely used in construction, automotive manufacturing, electronics, packaging, and aerospace [2][6]. - The demand for aluminum plates and foils in China is projected to reach 11.6042 million tons and 3.8965 million tons respectively by 2024 [1][10]. - The production of aluminum plates and foils in 2024 is expected to be 14.75 million tons, with various applications including packaging, construction, and automotive sectors [1][10]. Market Policies - A series of policies have been implemented to support the aluminum plate and foil industry, encouraging technological innovation and the development of high-precision, high-performance products [5][6]. - Key policies include the "Implementation Plan for High-Quality Development of the Aluminum Industry (2025-2027)" and various initiatives aimed at promoting recycling and green manufacturing [5][6]. Industry Chain - The upstream of the aluminum plate and foil industry includes bauxite, recycled aluminum, and production equipment, with bauxite being the primary raw material for aluminum production [6][8]. - The midstream involves the processing and manufacturing of aluminum products, while the downstream applications span multiple sectors including construction, automotive, electronics, and packaging [6][8]. Competitive Landscape - Major players in the aluminum plate and foil market include China Aluminum Corporation, Henan Mingtai Aluminum Industry Co., Ltd., and several others, with large companies dominating the market due to their complete industrial chains and significant production capacities [12][14]. - The top companies are recognized for their technological advancements and extensive market reach, contributing to their leading positions in the industry [12][14]. Development Trends - The aluminum plate and foil products are expected to evolve towards higher precision, performance, and added value, with increased investment in R&D for high-end applications in aerospace and new energy vehicles [19]. - The industry is also moving towards green development, with a focus on using renewable energy and enhancing the recycling of aluminum [19].

2025 年 02 月 21 日 公司研究●证券研究报告 永杰新材（603271.SH） 新股覆盖研究 投资要点 | 交易数据 | 总市值（百万元） | | | | --- | --- | --- | --- | | 流通市值（百万元） | 总股本（百万股） | 147.52 | | | 流通股本（百万股） | 个月价格区间 | 12 | / | | 李蕙 | 分析师 | 执业证书编号：S0910519100001 | SAC | | lihui1@huajinsc.cn | 戴筝筝 | 报告联系人 | | | daizhengzheng@huajinsc.cn | | | | 相关报告 华金证券-新股- 新股专题覆盖报告（常友科 技）-2025 年第 9 期-总第 535 期 2025.2.16 华金证券-新股- 新股专题覆盖报告（汇通控 股）-2025 年第 8 期-总第 534 期 2025.2.14 华金证券-新股- 新股专题覆盖报告（毓恬冠 佳）-2025 年第 6 期-总第 532 期 2025.2.13 华金证券-新股- 新股专题覆盖报告（宏海科 技）-2025 年第 5 期-总第 531 期 ...