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Research reports gold digging丨Huayu Securities: Shanghai Huafon Aluminium Corporation has experienced high revenue growth for several consecutive years and is given an initial 'buy' rating.
On November 21, Gelonghui reported that Huafeng Aluminium (601702.SH) is a leader in aluminum thermal transfer materials, with high revenue growth for several consecutive years. The industry's capacity expansion continues to validate its prosperity, and the company's capacity planning is leading with strong profitability. In 2023, the planned and under-construction aluminum plate, strip, and foil projects in China are expected to reach 5.51 million tons, continuously validating the industry's prosperity. In the aluminum thermal subdivision industry, Grandgis has reached an agreement with innovation new material technology to build a project with an annual output of 0.32 million tons; yinbang clad material is expanding its capacity by 0.35 million tons; the company's Chongqing phase II is expanding by 0.15 million tons. The production and sales ratio has reached 98.75 in 2023.
shanghai huafon aluminium corporation (601702): Aluminum heat transfer leader rides the new energy trend with energy storage + liquid cooling + air conditioning to open up new capacity
Investment highlights: a leading company in aluminum thermal transfer materials, with continuous high revenue growth for several years. The company established its direction in aluminum thermal transfer when it was founded in 2008, and has accumulated strength over the past ten years; in 2018, the company's production and sales of aluminum thermal transfer materials ranked first in the country.
Huafeng Aluminum: Report of Shanghai Huafeng Aluminum Co., Ltd. for the third quarter of 2024
Shanghai Huafeng Aluminum Co., Ltd. Report for the third quarter of 2024
Shanghai Huafon Aluminium Corporation (601702) 2024 Third Quarter Report Review: Outstanding performance with year-on-year increases in both gross margin and net margin.
Event: The company announced its third quarter report, achieving revenue of 7.678 billion yuan in the first three quarters of 2024, a year-on-year increase of 14.70%; net income attributable to the parent company was 0.868 billion yuan, a year-on-year increase of 30.81%; with a non-net profit growth of 31.35% after deduction.
Huafeng Aluminum: Shanghai Huafeng Aluminum Co., Ltd. results advance announcement for the first three quarters of 2024
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