Sunxing(SH:603978)2020-09-10 08:55Group 1: Company Strategy and Development - The company's overall strategy focuses on innovative product development, with a completed layout in 2020 aimed at expanding market share for aluminum grain refiners and producing potassium fluoroaluminate as a raw material for high-purity silicon-free hydrofluoric acid [2] - The company aims to establish an "industrial supermarket" for aluminum processing, leveraging existing resources and advantages to promote a series of products, forming a dual main business of "high-end fine chemicals + aluminum alloy products" [2] Group 2: Financial Performance - In the first half of 2020, the company experienced a decline in both revenue and net profit due to the COVID-19 pandemic, with aluminum grain refiner sales of 18,800 tons, a year-on-year decrease of 13.2% [3] - The company reported a revenue of CNY 425.71 million, a decrease of 18.42% compared to the same period last year, and a net profit of CNY 21.61 million, down 62.64% year-on-year [3] Group 3: Production Capacity and Utilization - The current annual production capacity for aluminum grain refiners is 90,000 tons, with an actual utilization of approximately 60,000 tons; 30,000 tons of capacity is being shifted to other aluminum alloy products [5] - The overall capacity layout has been completed, and the industrialization of these products is expected to improve capacity utilization and increase revenue [5] Group 4: Project Developments - The company has developed a new technology to produce high-purity silicon-free hydrofluoric acid using potassium tetrafluoroaluminate as a raw material, with a pilot production line currently in operation [6] - The Bell conductor and high-end aluminum cable rod projects are undergoing downstream validation, with products aimed at various applications including communication stations and electric vehicle charging piles [7]