October 29,Xusheng sharesRelease the three quarterly report for 2021.The report shows that the company achievedOperating income2.012 billion yuan, an increase of 82.10% over the same period last year; attributable to listed companiesshareholderofNet profit332 million yuan, an increase of 43.67% over the same period last year.
Xusheng sharesSaid that since the beginning of this year, the company’s management has strictly implemented the business plan formulated by the board of directors at the beginning of the year, optimized sales strategies, paid close attention to product quality, improved management level, and actively responded to various challenges. Benefiting from the rapid development of the new energy automobile industry, downstream customer orders continued to increase, and the sales scale increased significantly.
In view of the increasingly stringent carbon emission standards, lightweight vehicles have become a consistent goal of the global automotive industry. “Made in China 2025” clearly pointed out that lightweight technology isAutomobile industryThe key direction for future joint breakthroughs.
Aluminum alloy materials have become the first choice for lightweight automobiles due to their advantages of light weight, easy forming, high strength, corrosion resistance, and lower prices than magnesium alloys and carbon fiber reinforced materials. With the development of China’s automobile industry and the advancement of automobile lightweight, the automobile light alloy precision parts industry with aluminum alloy as the core is ushering in rapid development.
Xusheng sharesIt is a precision aluminum alloy parts manufacturer focusing on the new energy automobile industry chain earlier in China. It is also a rare enterprise in the industry that has mastered the three major aluminum alloy forming processes and mass production capabilities of die-casting, forging and extrusion at the same time. Provide customers with the service capabilities of automotive lightweight solutions.
In 2013, the company andTeslaReached a cooperative relationship and became its first-tier supplier, and has been steadily cooperating with it so far, providing lightweight solutions for its ModelS/X, Model3/Y and other models.With long-term experience in serving mid-to-high-end car companies, the company’s customer system is alsoTeslaGradually expand to other excellent vehicle companies or their first-tier component suppliers, and focus on cooperation in new energy vehicles.
In order to further expand the scale of business and optimize the capital structure, the company plans to issueConvertible bond1.35 billion yuan was raised, and the funds raised were invested in the “high-performance aluminum alloy auto parts project” and the “automotive lightweight aluminum profile precision processing project”. The implementation of the project will further deepen the company’s layout in the field of new energy vehicles, consolidate the company’s leading position in the field of aluminum alloy parts, and better seize market opportunities.
(Source: Securities Daily)
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