Yuefeng Aluminum Processing has received a research and development loan of 316 million yuan from the China Development Bank
May 15, 2025
Recently, Yuefeng Aluminum Processing has successfully obtained the first R&D special loan credit line of 316 million yuan for 2025 from the Jiangsu Branch of the China Development Bank, thanks to its 11 key R&D projects laid out in strategic fields such as aerospace, automobiles, 3C, and ships. The first loan of 250 million yuan has been implemented, with a term of 5 years. It has provided long-term and stable policy-based financial support for enterprises to tackle key technological challenges.
Yuefeng Aluminum Processing and the Jiangsu Branch of the China Development Bank have established a dedicated task force for research and development loans, focusing on the research and development needs of the project. They have jointly compiled project application forms and innovatively adopted a "dual-track drive" model to issue loans. On the one hand, by replacing the excess capital that has been invested in the early stage with long-term loan funds, the pressure on the working capital of enterprises can be effectively alleviated, enabling enterprises to flexibly allocate resources for production and operation as well as exploration of cutting-edge technologies and stimulating innovation vitality. On the other hand, by precisely investing loan funds in the later stages of R&D projects, it helps to tackle core technologies, accelerate the transformation of innovation achievements, and form a closed-loop support from technological breakthroughs to industrial applications. This helps enterprises build a differentiated competitive advantage in the high-end aluminum alloy manufacturing field and creates a virtuous cycle system of "R&D feedback - technological breakthroughs - industrial upgrading". Realize the deep integration of enterprise R&D and finance to inject strong impetus into the high-quality development of enterprises.
In recent years, the company has successively won honors such as the China Patent Excellence Award, the First Prize of the China Nonferrous Metals Industry Science and Technology Award, the Jiangsu Chairman's Quality Award, and the First Prize of the Jiangsu Science and Technology Progress Award, demonstrating its responsibility as an innovation pioneer with solid achievements.
The approval of the "research and development loan" this time will provide key support for the enterprise to overcome the core process problems of aluminum-based new materials. Taking this as an opportunity, the company will deepen the collaborative innovation among industry, academia and research, focus on breaking through the technical bottlenecks of domestic production of high-end aluminum materials, and at the same time, focus on the major strategic demands of the country, promote the independent guarantee of key materials in fields such as aerospace and new energy vehicles, and accelerate its progress towards becoming a benchmark enterprise in high-end intelligent manufacturing.
