APALT(SZ:002540)2024-09-06 07:31Financial Performance - In the first half of 2024, the company achieved operating revenue of 357,738.95 million CNY, an increase of 18.45% compared to the same period last year [3] - The net profit attributable to shareholders was 24,606.38 million CNY, reflecting a growth of 7.38% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 23,803.37 million CNY, up by 10.17% from the previous year [3] Market Position and Core Competencies - The company is a key supplier in the global automotive thermal management system and lightweight system materials sectors, partnering with major clients such as Denso, Mahle, and Valeo [3] - Revenue from automotive and industrial thermal management system products reached nearly 1.5 billion CNY, accounting for 41.53% of total revenue [3] - Revenue from lightweight system materials for automotive applications was 1.4 billion CNY, representing 40.32% of total revenue [3] Production and Sales Strategy - The company employs a "sales-driven production" model and a "sales-driven procurement" approach [4] - Pricing for aluminum extrusion products is based on the average monthly price of A00 aluminum ingots plus processing fees, which are negotiated based on various cost factors [4] New Energy Vehicle (NEV) Development - The company is focusing on high-quality development in the NEV sector, with aluminum product revenue reaching 3.32 billion CNY, a year-on-year increase of 19.03% [4] - Revenue from thermal management system aluminum materials was 1.49 billion CNY, up 21.42% year-on-year [4] - The company is actively developing NEV components, with significant growth in supply volumes for body and power system components [4] Future Outlook - The company anticipates new opportunities arising from global sustainable development policies and the restructuring of the automotive industry [5] - The automotive thermal management system is expected to evolve towards higher efficiency and lower energy consumption, presenting both challenges and opportunities [5] - The company aims to leverage its advantages in material development to maintain its position as a significant supplier in the automotive thermal management and lightweight materials sectors [5]