Chongqing Shunbo alloy plans to invest 5.6 billion yuan in Anhui recycled aluminum industry base.

On June 2, the “recycled aluminum king” Chongqing Shunbo alloy held the second interim shareholders’ meeting in 2021 in Hechuan District, Chongqing, and passed a motion of 5.6 billion yuan to invest in the Shunbo alloy industry base project in Ma’anshan City, Anhui Province.

The on-site meeting of the shareholders’ meeting was held at 3: 00 p.m. on June 2 in the company conference room of Caojie Development Park, Hechuan District, Chongqing, presided over by Wang Zhenjian, chairman of the company. the motion on investing in the Shunbo alloy industrial base project in Ma’anshan City, Anhui Province was passed by a high vote.

(Mr. Wang Zhenjian at the signing ceremony in Ma’anshan City, Anhui on May 12, 2021.)

It is understood that the proposed site of Ma’anshan Shunbo alloy industrial base project is located in Ma’anshan Bowang New City Industrial Park, with a total land area of about 1200 mu. Land for industrial (and / or warehousing and logistics) with a transfer period of 50 years.

The project will build a production base for the comprehensive utilization of green recycled aluminum, flat ingots, round ingots and aluminum ash resources. To be implemented in two phases, the first phase will produce 400000 tons of green recycled aluminum, build an annual production line with an annual output of 300000 tons of flat ingots, 200000 tons of round ingots, and 100000 tons of aluminum ash resources, with an annual output value of 14.2 billion yuan, which is scheduled to be completed and put into production in 2023; the second phase has an annual output of 150000 tons of aluminum sheet, aluminum foil and 60,000 tons of aluminum profiles, with an annual output value of 4.3 billion yuan, which is scheduled to be completed and put into production by the end of 2025.

After the completion of the project, it will form an annual output of 400000 tons of green recycled aluminum, 300000 tons of flat ingots and 200000 tons of round rods, which can be extended downstream of aluminum plates, aluminum foils and aluminum profiles; annual output of 100000 tons of aluminum ash resources will be comprehensively utilized to form calcium aluminate and prefabricated building prefabricated wallboards. After all the projects reach production, the annual sales income is about 18.5 billion yuan, the profit is 600 million yuan, and the tax is 1.35 billion yuan. The total investment of the project is about 5.6 billion yuan, of which the investment in fixed assets is about 2 billion yuan.

Shunbo alloy achieved revenue of 4.869 billion yuan in 2020, an increase of 11.84 percent over the same period last year; net profit of 196 million yuan, an increase of 16.44 percent over the same period last year; and basic earnings per share of 0.49 yuan. In the first quarter of this year, revenue reached 1.663 billion yuan, an increase of 116.13 percent over the same period last year; net profit returned to the mother was 78.5015 million yuan, an increase of 135.77 percent over the same period last year; and basic earnings per share was 0.18 yuan.

Source:China Nonferrous Network