一、申请授信额度、接受关联方提供担保的基本情况 为满足公司经营发展需要，公司及子公司（含控股子公司）拟向银行申请不超过人民 币10亿元的授信额度，期限不超过60个月，该授信额度主要用于"年产45万吨新能源汽车 用高端铝板带箔智能化建设"建设中需融资的部分资金。上述额度不等于公司实际融资金 额，具体融资金额公司将视实际需求的资金确定。 公司控股股东华峰集团有限公司为公司及子公司（含控股子公司）提供连带责任担 保。该担保不收取任何担保费用，亦不需要提供反担保。 证券代码：601702 证券简称：华峰铝业 公告编号：2025-035 上海华峰铝业股份有限公司 关于向银行申请授信额度并接受 关联方提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 三、审议程序 公司于2025年8月18日召开了第四届董事会第十六次会议，以同意5票，反对0票，弃 权0票审议通过了《上海华峰铝业股份有限公司关于向银行申请授信额度并接受关联方提 供担保的议案》，同意公司及子公司（含控股子公司）向银行申请不超过人民币10亿元的 授信 ...

证券日报网讯 8月18日晚间，华峰铝业发布公告称，公司及子公司（含控股子公司）拟向银行申请不超 过人民币10亿元的授信额度，期限不超过60个月，该授信额度主要用于"年产45万吨新能源汽车用高端 铝板带箔智能化建设"建设中需融资的部分资金。上述额度不等于公司实际融资金额，具体融资金额公 司将视实际需求的资金确定。公司控股股东华峰集团有限公司为公司及子公司（含控股子公司）提供连 带责任担保。该担保不收取任何担保费用，亦不需要提供反担保。 （文章来源：证券日报） ...

Core Viewpoint - Shanghai Huafeng Aluminum Co., Ltd. has successfully obtained the land use rights certificate for an industrial site in Chongqing, which is crucial for the implementation of its new project aimed at producing high-end aluminum plates and foils for electric vehicles [2][6]. Group 1: Investment Overview - The company plans to invest in a project with an annual production capacity of 150,000 tons of high-end aluminum plates and foils for electric vehicles, with a total investment of 198 million yuan [4]. - The project has been revised to increase its capacity to 450,000 tons, with an adjusted total investment of 261.9 million yuan [5]. Group 2: Progress of External Investment - Recently, the wholly-owned subsidiary, Huafeng Aluminum Co., Ltd., successfully acquired the land use rights for an industrial site in the Fuling District of Chongqing for a total price of 13.81 million yuan [6]. - The acquired land covers an area of 354,081 square meters and is designated for industrial use, with the land use rights valid until April 23, 2075 [7][8]. Group 3: Impact on the Company - Obtaining the land use rights certificate will facilitate the smooth advancement of the "450,000 tons high-end aluminum plates and foils intelligent construction project," enhancing the company's core competitiveness and industry influence [8]. - The funding for this project will come from the company's own resources, ensuring that it does not affect the normal operations or financial status of the company [8].

Investment Rating - The report maintains a "Buy" rating for the company [5][12] Core Insights - The company announced a change in its production capacity from 150,000 tons to 450,000 tons for high-end aluminum plates and foils used in electric vehicles, indicating strong growth potential and reinforced competitive advantages [2][3] - The total investment for the new project is estimated at 2.619 billion yuan, with a payback period of approximately 5.36 years [2][3] - The project will include 150,000 tons of high-end aluminum products and 300,000 tons of hot-rolled aluminum plate materials, addressing current production bottlenecks [3] Financial Projections - Revenue is projected to grow from 8.545 billion yuan in 2022 to 14.295 billion yuan in 2026, with a compound annual growth rate (CAGR) of approximately 15% [4] - Net profit is expected to increase from 666 million yuan in 2022 to 1.787 billion yuan in 2026, reflecting a strong growth trajectory [4] - Earnings per share (EPS) are forecasted to rise from 0.67 yuan in 2022 to 1.79 yuan in 2026, with corresponding price-to-earnings (P/E) ratios decreasing from 30.8 to 11.5 over the same period [4]