Recently, Ningbo Xusheng Automotive Technology Co., Ltd. (“Xusheng shares”) released2021Announcement of the third quarter results of the year,1-9Month, the company’s operating income20.12Billion yuan, a year-on-year increase82.10%; The net profit is3.32Billion yuan, a year-on-year increase43.67%.In the third quarter, Xusheng shares operating income8.01Billion yuan, a year-on-year increase81.72%; The net profit is1.21Billion yuan, a year-on-year increase34.04%.
Xusheng shares said that benefiting from the rapid development of the new energy automobile industry, downstream customer orders continued to increase, and the sales scale increased significantly. As a result, the company’s performance has also been greatly improved while maintaining stable operations.
It is understood that Xusheng Co., Ltd. is an early domestic manufacturer of precision aluminum alloy parts that focused on the new energy automobile industry chain. After years of development, the company currently masters the three major aluminum alloy molding processes and mass production capabilities at the same time as die-casting, forging, and extrusion.In the global green and low-carbon transition andUnder the background of “carbon neutrality”, lightweight automobile has become the unanimous goal of the global automobile industry, and the automobile light alloy precision parts industry with aluminum alloy as its core ushered in rapid development.
The announcement issued by Xusheng shares shows that as of this year9moon30On the day, the company’s orders in hand amounted to approximately30.05100 million yuan, with sufficient business volume on hand. During the reporting period, the company’s operating income scale and the scale of end-of-term orders in hand maintained a good growth rate, and the operation was stable, which provided a favorable guarantee for the company’s later capacity expansion.
It is reported that in order to further expand the scale of business and optimize the capital structure.Xusheng shares will soon plan to issue convertible bonds to raise funds13.5RMB 100 million will be used for investment in the “High-performance Aluminum Alloy Auto Parts Project” and the “Automotive Lightweight Aluminum Profile Precision Processing Project”. The main process and technical aspects of this fundraising project are die-casting and precision machining.
Among them, the die-casting process involved in this fundraising project is to perform high-pressure die-casting of liquid aluminum, solidify it to form castings, and form aluminum blanks after deburring and shot blasting. The main products are transmission system components such as gearbox housings and motor housings, battery system components such as battery boxes and battery pack guides, and body structures such as doors and frames.
Xusheng shares said that the company will continue to deepen the field of supporting precision aluminum alloy parts for new energy vehicles in the future, deepen cooperation with existing high-quality customers, and accelerate the layout of potential car companies in the field of new energy vehicles, and give full play to its presence in new energy vehicles. Focusing advantages in the field. The implementation of the above projects will further deepen the company’s layout in the field of new energy vehicles, consolidate the company’s leading position in the field of aluminum alloy parts, and better seize market opportunities.
In addition, the company’s existing major customers are Tesla, ZF, Polaris, Great Wall Motors, etc., and their business development trends are good. There is room for further improvement in the level of production and sales, which is in line with the overall development direction of the industry. It laid the industry foundation for the company to better digest the new capacity in the future.