Yuefeng Aluminum: The promotion of the fixed increase program at this stage is to seize the window period of the new energy market
August 4, 2023
A few days ago, Yuefeng Aluminum said in Shanghai e Interactive that the company's fixed increase program is being promoted, and the follow-up progress of the company will be announced in a timely manner.
Yuefeng Aluminum previously replied to investors, the company used its own funds to build Yuefeng Technology 200,000 tons of aluminum foil production capacity, 680,000 tons of recycled aluminum projects, 120,000 tons of aluminum ash projects, South Korea Yuefeng Aluminum 120,000 tons of production capacity to develop foreign markets, Yuefeng new materials 500,000 tons of production capacity to produce high-end aluminum, The company's production and marketing scale, recycled aluminum grade protection application and profit level have achieved a leap from quantitative change to qualitative change.
The total investment of this fixed increase project "annual output of 250,000 tons of new energy battery materials project" is 4.035 billion yuan, of which no more than 2 billion yuan is intended to be raised, and the rest of the investment is to be prepared by its own funds. The company said that at this stage is the company's rapid development, seize the new energy market window period, and aluminum processing is a typical capital-intensive industry, sufficient daily operating capital is conducive to reducing the company's financial costs, improve the company's competitiveness. Through this fixed increase, it will help the company to achieve the goal of 2 million tons of plate and foil production and sales and 1.4 million tons of recycled aluminum as soon as possible.
In addition, the company said that the second quarter of business is good, the company plans to disclose the semi-annual report on August 22.