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Zaobao 2021/8/25 Zinc Industry Co., Ltd intends to acquire Hongyue North Copper for RMB 760 million

Time: 2021-09-27 00:00:05

Author: 华朔

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Orderly progress of the first phase of Baosteel Metal's large-scale transportation lightweight project

Hefei Daily reported that the Baosteel Metal Mass Transportation Lightweight Project (Phase I) Auto Parts Workshop and Custom Profile Workshop in Xiage Park, Juchao Economic Development Zone, Anhui Province, has been completed a few days ago. The production equipment is being installed. Approximately 118,000 sets of auto assembly parts and 3.382 million meters of customized profiles are produced.

It is understood that the project will cover 1,000 acres of land. It will invest in new projects such as automotive stamping parts, body structure parts and magnesium alloy die castings in phases, focusing on the development of lightweight automotive parts, rolled precision profiles, magnesium alloy products and other businesses.

Zinc Industry Co., Ltd. intends to acquire Hongyue North Copper for RMB 760 million

On August 23, Huludao Zinc Industry Co., Ltd. ("Zinc Industry Co., Ltd.") issued an announcement that the company plans to invest 760 million yuan to acquire 100% of Huludao Hongyue North Copper Co., Ltd. ("Hongyue North Copper") Equity.

The main business of Hongyue North Copper is the smelting and processing of non-ferrous metal copper. Prior to this transaction, Zinc's main business was non-ferrous metal zinc smelting and deep processing. After the transaction is completed, the main business of Zinc Industry Co., Ltd. will become non-ferrous metal zinc and copper smelting and deep processing. Zinc Industry Co., Ltd. said that through this reorganization, the company's operating income and net profit will be improved to a certain extent, and the business structure will become more diversified.

Huayang Group's die-casting business has a half-year revenue of 428 million yuan

In the first half of this year, Huizhou Huayang Group Co., Ltd. (referred to as "Huayang Group") achieved operating income of 2.050 billion yuan, an increase of 69.15% over the same period last year, and a net profit of 137 million yuan, an increase of 164.14% over the same period last year.

Huayang Group stated that in the first half of this year, the company’s precision die-casting business proposed and implemented the annual operating policy of “deepening lean innovation and innovation and opening up a leading journey”. Profits still achieved double growth, with operating income of 428 million yuan, an increase of 72.02% over the same period last year. In addition, orders for new energy vehicles related projects continued to increase.

Yian Technology established two subsidiaries in Zhuzhou

Yian Technology recently stated on the investor interaction platform that at present, the company has established two subsidiaries in Zhuzhou. Among them, Zhuzhou Yian New Materials will focus on liquid metal products, and Zhuzhou Yian Precision Casting will focus on magnesium-aluminum alloy products.

Rising aluminum prices increase pressure on production costs for die-casting companies

According to SMM reports, aluminum prices have soared to 20,000 yuan/ton since May, and then fell behind. In July, they climbed rapidly again. This week, they rose to above 20,000 yuan/ton, and hit a high of 20,575 yuan/ton on Tuesday. Set a new high in the past 13 years.

Faced with the price of aluminum alloy ingots of nearly 20,000 per ton, pressure on the cost of raw materials for die-casting companies has increased again. In July and August of this year, with the continuous rise of aluminum prices, the losses of die-casting plants have gradually expanded. The current loss of spot purchases by die-casting plants using quarterly average price settlement is nearly 1,000 yuan/ton.

In July, my country's industrial robot output increased by 42% year-on-year

According to data from the National Bureau of Statistics, in July 2021, the output of my country's industrial robots was 31,342 sets, a year-on-year increase of 42.3%, and the two-year average growth rate exceeded 14%. The cumulative output of industrial robots from January to July was 205094 sets, a year-on-year increase of 64.6%. Compared with June, the output of industrial robots decreased by nearly 5,000 sets in July, and the growth rate has dropped.

Zaobao 2021/8/25 Zinc Industry Co., Ltd intends to acquire Hongyue North Copper for RMB 760 million
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P.C:315806

Tel:+86-(0)574-86112683

Fax::+86-(0)574-86112687

E-mail:sales@china-huashuo.com

Address:No. 9 Canglongshan Road,

Beilun District, Ningbo City,

Zhejiang Province

Copyright © Zhejiang Huashuo Technology Co., Ltd.

ICP:浙ICP备2021034419号-1

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