China Zhongwang aluminum processing industry will link to Industry 4.0

According to the bulk non-ferrous net: China's Zhongwang (01333.HK), the world's second-largest manufacturer and developer of industrial aluminum extrusion products, has released its interim financial report a few days ago. During the period, the company realized a total revenue of approximately RMB 7.89 billion. In the same period last year, the gross profit margin increased from 28.2% in the same period of last year to 32.2%. Profit attributable to equity holders increased by 17.9% year-on-year to 1.5 billion yuan, and basic earnings per share increased by 13.2% to approximately 0.21 yuan. An interim dividend of HK$0.11 (equivalent to RMB0.09) is proposed for distribution, with a dividend payout ratio of approximately 42.8% (35% in the same period in 2014).

Lu Changqing, executive director and vice president of the company, said that the continuous investment in product R&D and product innovation in previous years has improved the overall gross profit of the company. At present, the company will enter the production capacity building phase in many high-end aluminum alloy deep processing applications such as semi-trailers, tank trucks, fire engines, high-high-speed railroad cars, building forms, etc., and have obtained relevant production and sales of all-aluminum commercial vehicles manufactured by special vehicles. License, at the same time all aluminum new energy bus prototype completed the road test. In addition, the construction of the first phase of the company's high value-added aluminum rolled steel project in Tianjin has not been affected by the explosion and is expected to be put into operation before the end of this year as planned.

Lu Changqing said, "'Made in China 2025' clearly outlines the general development plan for China's manufacturing in the next decade, and advocates innovation and R&D in the manufacturing industry. The aluminum processing industry should be able to move in the direction of equipment automation, management specialization, and technology. Innovations, high-end products, and other areas are working together to move towards the 'Industry 4.0' in the aluminum processing industry."