Yuefeng Aluminum has released a record of its investor relations activities, documenting a number of investor exchanges conducted by the company in November 2024.
Q: In the face of the current industry landscape, how does the company respond to the current challenges?
A: The company through innovative production technology, improve production efficiency, expand customer channels and other multi-dimensional open source cost reduction: open source level: (1) the company's new energy vehicle business continues to improve production efficiency and continue to introduce new customers; (2) The company's Malaysia project is currently being actively promoted, striving to put into production in June 2025, and will further open up overseas sales channels in the future. Cost reduction level: (1) The company's new generation of photovoltaic aluminum frame project has started construction, the new material can achieve better performance of the frame under the condition of reducing the amount of aluminum, while improving unit profitability; (2) 200,000 tons of recycled aluminum phase I project has been put into production, and the production capacity is still climbing, which will further reduce the company's raw material costs in the future and build the company's integrated competitive advantage.
Question: The development status of the company's new energy vehicle business, when is expected to turn a loss?
A: The company's new energy vehicle business through continuous technology accumulation and precipitation, has significantly improved the production efficiency, the yield increased from 50% to 70% at the beginning of the year, and will gradually increase in the later stage to reach the industry leading level. In addition, the company has successfully entered the supplier directory of many Oems and obtained some fixed-point projects; Losses narrowed in the third quarter, and it is expected that the fourth quarter is expected to achieve a single quarterly turnaround.
Question: The planning and progress of the company's overseas projects?
A: The company plans to be divided into two phases, the first phase of about 60,000 tons of aluminum frame project. At present, the company is applying for production license, business license, preliminary environmental assessment and other related licenses as well as tax incentives. The relevant licenses are expected to be obtained by the end of the year, and the plant construction work will be carried out simultaneously, and strive to complete the construction and put into operation in June 2025.
Question: The company's new generation of aluminum frame technology advantage? Do you already have a bulk order? How to promote the market?
A: The company's new generation of photovoltaic aluminum frame through innovative processes, significantly improve the bearing performance of the frame, while having better environmental adaptability and longer service life, compared with similar products in the market, the new generation of photovoltaic aluminum frame to achieve the overall production cost of about 7%-10%, to create higher economic value for customers. The company has a batch order to achieve supply. The company has been actively promoting with the head customers, and after verification, with the release of new production capacity, it is expected that the penetration rate of a new generation of aluminum bezels will be further improved.
