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Leyuan Refining disclosed its 2021 semi-annual report on the evening of August 25, during the reporting period, the company achieved revenue of 147 million yuan, up 282.02% year-on-year; net profit of -27 million yuan, a significant reduction in losses.
During the reporting period, the company adopted the basic strategic development outline of "ensuring the start-up rate, improving added value and optimizing capacity distribution", and clearly defined the "implementation of modern management system construction as the basis" and "strict implementation of the concept of chemical management". The three key work plans and milestones are "to implement modern management system construction as the basis", "to improve the overall profitability and management efficiency of the company by strictly implementing the concept and method of management", and "to position the direction of industrial upgrading and lay a solid foundation for the company on the road to longer-term development".
Under the national strategy of "revitalizing the northeast", the northeast region is actively developing rail transportation, automobile equipment, petrochemical industry, etc. The demand for aluminum profiles is great and will be further expanded, and through years of market cultivation, Liyuan Refining has a large share of the northeast and east China markets. The company is equipped with technical level and has the ability to process large cross-sectional complex profiles, and can provide aluminum products for many fields such as mechanical equipment, electric power equipment, consumer electronics and transportation equipment. In recent years, the company has gradually increased the proportion of deep processing business of aluminum profiles, continued to provide product services for domestic and foreign brands, and maintained a high level of added value of products.
The company is the second largest supplier of aluminum profiles in Northeast China after China Zhongwang. The aluminum profile industry has a geographical distribution of production capacity and a sales radius of 500 km usually due to factors such as transportation costs. Over the years, the company has been working hard in the "blue ocean market" of northeast and north China, and finally developed into a leading supplier in the regional market in terms of production technology level, variety specifications and market share, and has become one of the comprehensive suppliers with balanced development of both industrial and architectural aluminum profiles in China. At present, the company is at the forefront of the industry in terms of extrusion equipment level and technology research and development level, as well as product quality and customer quality.
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