Increase the production capacity of aluminum alloy parts.12moontwenty threeIn the evening of the same day, Jiangsu Rongtai Industry Co., Ltd. (hereinafter referred to as “Rongtai Co., Ltd.”) issued an announcement stating that the total amount of the proposed issuance will not exceed6.5100 million yuan of convertible bonds, among the funds raised3.8100 million yuan invested in annual output11010,000 pieces of new energy automobile aluminum alloy parts project, in addition2.7100 million yuan will be invested in the second phase expansion project of Mexico’s automotive precision aluminum alloy castings.
For the new energy automotive aluminum alloy parts project, Rongtai intends to use the company’s existing land as the implementation site to introduce advanced domestic and foreign die-casting machines, heat treatment furnaces, processing centers and other automated production equipment units to comprehensively improve the automation level of the existing die-casting production lines. Increase productivity.Project construction period18Months, the project’s after-tax investment payback period is7.35year(Including construction period). Compared with traditional fuel vehicles, new energy vehicles have stricter body weight requirements.BYD QinEV300For example, in pursuit of long battery life, its battery pack weighs nearly500kg, And the total weight of a traditional car’s engine is generally80-160kg.A70LThe mileage of a petrol car can reach700-900Km, And contains500kgThe battery’s range of electric vehicles is only400Kmabout
The pursuit of cruising range makes new energy vehicles present a trend of lightweight, so the demand for aluminum alloy materials is increased in the design. According to the announcement, according to the forecast of the China Automobile Manufacturers Association,2015The annual aluminum consumption of traditional fuel vehicles is160kgAt the time, the amount of aluminum used in a new energy vehicle was250kg, The ratio of the two is approximately1.56, To calculate new energy vehicles based on this ratio2020-2022The annual aluminum alloy consumption for bicycles are297,313and328kg.If according to automotive aluminum alloy4Ten thousand yuan/The unit price per ton is calculated, and the proportion of die-casting parts in the automotive aluminum process65%,2022The global and China’s new energy vehicle aluminum alloy market space is respectively643100 million yuan,308100 million yuan, the market space of aluminum alloy die castings is respectively418100 million yuan,200100 million yuan.
In addition, Rongtai also took a fancy to the opportunity of domestic substitution of aluminum alloy parts. In the announcement, it stated that the scale of my country’s automotive aluminum alloy die casting enterprises is still relatively small, and the supporting market for medium and high-end models is still dominated by foreign capital or joint ventures. , Which in turn leaves a huge alternative space for domestic-funded automotive aluminum alloy precision die-casting enterprises.At present, Rongtai has signed a number of new energy auto parts orders or framework cooperation agreements, including BYD, Great Wall, BMW7Series of precision die-casting parts for new energy vehicles, etc.
The second phase of Mexican automotive precision aluminum alloy castings is the main production of another fund-raising projectEL58Gearbox housing,BT1XXSteering housing precision die-casting products are supplied to major customers such as ZF and Nexteer in North America for use in Paccar(Paccar lnc),STELLANTISThe large pickups and new energy pickups produced by the group and other customers have realized the expansion of the company’s products from the passenger vehicle field to the commercial vehicle field.Construction period of this projecttwenty fourMonths, the project’s after-tax investment payback period is7.40year(Including construction period)
Affected by factors such as the price increase of upstream raw materials, Rongtai’s performance this year increased revenue but not profit.The financial report shows that in the first three quarters of this year, the company achieved revenue8.13Billion yuan, a year-on-year increase23.3%; Net profit attributable to the parent8,28.71Ten thousand yuan, a year-on-year decrease14.29%.