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Yunhai Metal Group released its semi-annual report on August 26, 2021 in the first half of the year, the company achieved operating revenue of 359,820.51 million yuan, an increase of 42.70% over the same period last year; the company achieved net profit attributable to the parent company of 142,626.86 million yuan, an increase of 46.68% over the same period last year.
The company said that the main reason for the performance in the first half of the year is the growth of sales volume of main products, the increase of sales price as well as the growth of magnesium price, the government subsidies have also increased compared with the same period last year.
Yunhai metal main business for the main business of magnesium, aluminum alloy materials and deep processing products business, mainly used in the automotive and consumer electronics field. All along, our company has been oriented to customer needs, providing lightweight products and design solutions.
In recent years, the rational layout of the company's raw materials, raw magnesium plants are built in areas closer to the raw materials, and deep processing is based on the principle of close to the market, in the Yangtze River Delta, Southwest and North are respectively laid out. As the global light metal material field, our magnesium alloy in the global market share of more than 35%, while the automotive magnesium die casting in the segment of the share gradually increased, the development of new customers and new projects in the past two years also achieved results, fist products in addition to steering wheel, dashboard bracket, seat bracket, center control bracket, etc., but also in the cultivation of new products such as bicycle wheels and forks, magnesium alloy construction template. The company's aluminum alloy products are mainly aluminum alloy bars and recycled aluminum alloy. In the past two years, we have carried out transformation and upgrading, gradually increased the development of aluminum alloy deep processing products, improved the self-conversion rate of aluminum alloy materials, developed extruded profile products for aluminum body structure parts of new energy vehicles, and increased the sales volume of deep processing products to customers such as Tesla and Ningde Times, so as to gradually improve the profitability of our products.
Around the development of automotive lightweight, our company in the original production capacity based on the preparation of the construction of 300,000 tons per year of magnesium-based light alloy, 150,000 tons of magnesium alloy deep processing products project in Chizhou, Anhui Province, the acquisition of 100% equity in Tianjin Liuhe Magnesium Products Co., Ltd. also makes the product supply capacity will be further strengthened, thus promoting the company's scale advantage and the whole industrial chain continues to optimize the product structure to the downstream and product transformation, and constantly Increase the core competitiveness of the company.
At the same time, the company's advantage in technology, not only research and development of new varieties of magnesium and aluminum alloy, but also focus on research and development of magnesium and aluminum alloy processing process and the expansion of application fields. The company's raw magnesium process, energy consumption and labor efficiency in the industry level, raw magnesium cost advantage, and stable quality of magnesium alloy, the market share in the industry is far away, after continuous innovation and improvement 2021 added 33 patents.
In addition, the company by virtue of technical advantages, quality advantages and good contractual spirit, through the certification of domestic and foreign customers, and established a long-term stable supply and demand relationship. The company's sales are mainly to provide timely service to customers, time to understand customer needs, and participate in the design and development at the customer's R&D stage, which has gained the recognition of automotive and 3C customers.
It is worth mentioning that Yunhai metal and Baosteel metal joint marketing, joint technology development, the two sides strategic layout synergy, joint integration of industry, not only in the customer resources to share, jointly develop magnesium, aluminum alloy new applications and new customers, but also at the same time use the company in the raw magnesium and magnesium alloy and deep processing technology advantage, rapid development of magnesium and aluminum deep processing industry, to promote the development of automotive lightweight industry.
In the first half of 2021, the construction of various new projects of Yunhai Metals proceeded in an orderly manner. In the second half of the year, Shandong Yunxin project, Chongqing Boao expansion project, Nanjing Dongping project, Chaohu Yunhai precision die-casting project, etc. will be completed and put into operation, the company's production capacity at the end of 2021 with the new project will be increased to meet market demand.
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