Wanshun New Material(SZ:300057)2024-05-30 09:51Group 1: Aluminum Processing Business Overview - The company has established an aluminum foil production capacity of 83,000 tons, primarily for applications in sterile packaging, food soft packaging, cigarette packaging, and pharmaceutical packaging [2] - The total planned capacity for battery aluminum foil is 172,000 tons, with 72,000 tons already constructed and an additional 32,000 tons under construction [2] - The company aims to achieve a total aluminum foil capacity of 255,000 tons and aluminum plate capacity of 260,000 tons upon completion of ongoing projects [2] Group 2: Market and Pricing Strategy - The company utilizes an aluminum price + processing fee settlement model, benefiting from rising aluminum prices while being adversely affected by price declines [3] - Continuous monitoring of commodity price trends is essential for maintaining reasonable inventory levels and effectively utilizing hedging tools [3] Group 3: Development Plans and Market Expansion - The company plans to optimize product structure and expand market share in high-value-added battery aluminum foil and high-end double-zero aluminum foil [3] - Focus on expanding both domestic and international markets, targeting high-growth potential emerging markets to increase market share and absorb new production capacity [3] Group 4: Functional Film Business - The company will prioritize market expansion for car cover films and high-barrier films this year [3] - The company’s dimmable conductive film for panoramic sunroof glass has received high recognition from downstream customers, with plans to continue market expansion [3] - The company is advancing the industrialization of composite copper foil and high-barrier films for N-type photovoltaic backsheets [3]