On June 27, Shunbo Alloy announced that the China Securities Regulatory Commission has approved the application for public issuance of convertible bonds.
It is reported that on July 22, 2021, the company announced that it plans to publicly issue convertible bonds with a total amount of not more than 750 million yuan (inclusive), with a term of six years. Phase 400,000 tons of secondary aluminum project construction, operation, and replenishment of working capital.
On May 12, 2021, Shunbo Alloy and the government of Bowang District, Ma’anshan City, Anhui Province signed a relevant project investment contract. The total investment is about 5.6 billion yuan to build the “Maanshan Shunbo Alloy Industry Base Project”, to build green recycling aluminum, The production base for the comprehensive utilization project of flat ingots, round ingots and aluminum ash resources. The first phase is planned to invest 1.869 billion yuan, and it will be completed and put into operation in 2023, and the second phase is planned to be completed and put into operation by the end of 2025.
After the project is completed, it will form an annual output of 400,000 tons of green recycled aluminum, 300,000 tons of flat ingots, and 200,000 tons of round bars. The downstream can extend aluminum plates, aluminum foils, and aluminum profiles; the annual output of 100,000 tons of aluminum ash resources will be comprehensively utilized to form aluminum Calcium acid, prefabricated wall panels for prefabricated buildings. After the project is fully put into production, it is estimated that the annual sales revenue will be about 18.5 billion yuan and the profit will be 600 million yuan.
In addition, Shunbo Alloy also decided to invest 390 million yuan and 150 million yuan respectively in Laohekou City, Hubei Province by its wholly-owned subsidiary Shunbo Aluminum Alloy Hubei Co., Ltd. to build the “Hubei Shunbo Aluminum Bar Project with an Annual Output of 150,000 tons” and “60,000 tons of aluminum ash resources comprehensive utilization project”.
Shunbo Alloy said that through the construction of the above-mentioned projects, the recycled scrap aluminum can be divided into the fields of cast aluminum alloy and deformed aluminum alloy, and reprocessed and used according to different application scenarios, so as to minimize the value caused by the downgraded use of scrap aluminum. At the same time, the aluminum ash is processed into light-weight foamed walls and other prefabricated building materials through a series of specific processes to further increase the company’s income.
Since the listing of Shunbo Alloy in August 2020, the company has successively established branches in Guangdong, Jiangsu and Hubei. Today, Shunbo Alloy has grown into one of the leading enterprises in the secondary aluminum industry in my country. The company specializes in the recycling of secondary aluminum raw materials and the research and development of secondary aluminum alloy ingots, and has occupied the first market share in Southwest China for many years.
The main business of Shunbo Alloy is the production and sales of recycled aluminum alloy ingots (liquids) series products in the field of circular economy. The company uses domestic recycling channels and overseas imported scrap aluminum to produce various grades of recycled aluminum alloy ingots (liquids). The products are mainly It is used in the production of aluminum alloy castings and die-casting products in downstream traditional automobiles, new energy vehicles, general mechanical equipment, communication equipment, electronic appliances, hardware lamps, motorcycles and other industries.