Yongmaotai(605208)2024-11-05 07:33Group 1: Company Development Strategy - The company will focus on the research and development of lightweight, high-strength, high-toughness, and self-reinforcing aluminum alloy materials for new energy vehicles, as well as new processes, products, customers, and markets, with an emphasis on expanding international market development [1] - Key components for new energy vehicles, such as battery packs, motors, gearboxes, electronic controls, vehicle bodies, and chassis, will be developed using aluminum and copper [1] - The company aims to enhance the width of its product line while maintaining a focus on sustainable and high-quality development [1] Group 2: Component Business Structure - In recent years, the company has maintained its market share in core products while increasing efforts to develop new energy and international customers [2] - In the first half of 2024, revenue from new energy vehicle components accounted for 27.21% of the company's total component revenue [2] Group 3: Aluminum Alloy Business Development - The company is one of the largest and most technologically advanced aluminum alloy manufacturers in China, with a focus on waste aluminum recycling and resource utilization [2] - A significant partnership was established with Top Group for aluminum liquid supply and waste material disposal, with a procurement volume of 150,000 tons [2] - This collaboration aims to improve the efficiency of waste material utilization and reduce environmental burdens, enhancing the company's market position and core competitiveness [2] Group 4: Raw Material Sourcing - The company primarily uses pure aluminum and waste aluminum as raw materials, with a commitment to green and low-carbon development [3] - In the first half of 2024, the proportion of waste aluminum in the raw material structure reached 71.76% [3] Group 5: Price Volatility Management - The company strengthens analysis and forecasting of metal price fluctuations and adjusts procurement strategies accordingly to control costs [3] - It utilizes futures markets for hedging against price risks, ensuring stable profits and reducing operational risks [3] Group 6: Hazardous Waste Disposal - The company's subsidiary, Anhui Environmental Protection, obtained a hazardous waste operating license and employs advanced processes for aluminum ash disposal [3] - The company has expanded its hazardous waste disposal services to other enterprises in the surrounding areas [3]