China Zhongwang sees profit of RMB510 million in Q1 2017
2017-05-04 17:59:40 [Print]
According to financial report from China Zhongwang released on April 28th, the company achieved revenue and net profit of about RMB3.1 billion and RMB510 million respectively in Q1 2017.
The report covers unaudited comprehensive performance for three months with the expiration date on March 31, 2017. The company implemented the adjustment of product structure, newly developed high value-added aluminum extrusion products such as aluminum alloy template. Average prices were RMB25,710 on the market, up by 25.5% and average processing charges held at RMB14,000, up by 27.2% from the price of RMB11,000 in 2016.
The company claimed that China is paying more and more attention to lightweight products and aluminum products are gradually used in more transportation fields. The company is actively exploring deeper cooperation with large domestic automobile and passenger car makers and developing exclusive aluminum products for car body, trying to become a comprehensive supplier of lightweight solutions.
It is reported that Zhongwang has ordered two super large extruders of 225MN and one has been already in full adjustment, which is expected be put into operation in Q2 2017 and another one is in installment. The company will provide timely capacity supports to high-end products production and effectively release value promotion resulted from adjustment of product structure.
The report covers unaudited comprehensive performance for three months with the expiration date on March 31, 2017. The company implemented the adjustment of product structure, newly developed high value-added aluminum extrusion products such as aluminum alloy template. Average prices were RMB25,710 on the market, up by 25.5% and average processing charges held at RMB14,000, up by 27.2% from the price of RMB11,000 in 2016.
The company claimed that China is paying more and more attention to lightweight products and aluminum products are gradually used in more transportation fields. The company is actively exploring deeper cooperation with large domestic automobile and passenger car makers and developing exclusive aluminum products for car body, trying to become a comprehensive supplier of lightweight solutions.
It is reported that Zhongwang has ordered two super large extruders of 225MN and one has been already in full adjustment, which is expected be put into operation in Q2 2017 and another one is in installment. The company will provide timely capacity supports to high-end products production and effectively release value promotion resulted from adjustment of product structure.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' inventory statistics by province by month
Unit: mt
