Furong Technology to raise funds for green low-carbon aluminum alloy project
2026-09-22 11:27:04 [Print]
Furong Technology recently received approval from the China Securities Regulatory Commission (CSRC) for its registration application to issue shares to targeted investors under the simplified procedure. The company plans to raise a total of RMB300 million (USD44.81 million).
After deducting issuance expenses, the proceeds will be fully invested in the "Chongzhou Furong Technology Green Low-Carbon Aluminum Alloy New Materials Project." The project involves a total investment of RMB563.85 million (USD84.21 million) and will build a new electric melting and casting production line with an annual capacity of 40,000 tonnes of aluminum alloy round ingots, supported by an electric extrusion production line as well as the necessary factory buildings and auxiliary facilities. The construction period is 15 months.
Once completed and ramped up to full production, the project is expected to generate average annual revenue of RMB746.46 million (USD11.49 million) and average annual net profit of RMB49.23 million (USD7.35 million).
After deducting issuance expenses, the proceeds will be fully invested in the "Chongzhou Furong Technology Green Low-Carbon Aluminum Alloy New Materials Project." The project involves a total investment of RMB563.85 million (USD84.21 million) and will build a new electric melting and casting production line with an annual capacity of 40,000 tonnes of aluminum alloy round ingots, supported by an electric extrusion production line as well as the necessary factory buildings and auxiliary facilities. The construction period is 15 months.
Once completed and ramped up to full production, the project is expected to generate average annual revenue of RMB746.46 million (USD11.49 million) and average annual net profit of RMB49.23 million (USD7.35 million).
Fluorspar 97%min Delivered China
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China aluminum fluoride producers' inventory to production ratio statistics by province by month
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