China News Service, September 15th. Asia Pacific Technology stated on the Shenzhen Stock Exchange Interactive Platform on the 15th that it will adopt various methods to deal with the fluctuations in raw material prices, and at the same time, it will moderately use its own funds to carry out the hedging business of aluminum futures to minimize the adverse impact of aluminum price fluctuations on the company's production and operation.
Screenshot Source: Shenzhen Stock Exchange Interactive
In response to investors' questions about the impact of the rise in electrolytic aluminum price on the company, Asia Pacific Technology replied that in order to cope with the risk of raw material price fluctuations, the company actively studied and analyzed the trend of aluminum prices, optimized the procurement process, and continued to adopt the product pricing model of "aluminum price + processing fee", the order-based production model of "sales to determine production" and dynamic adjustment of inventory management model.
At the same time, Asia Pacific Technology stated that on the premise of ensuring normal production and operation, it will moderately use its own funds to carry out aluminum futures hedging business to minimize the adverse impact of aluminum price fluctuations on the company's production and operation.
has been affected by electricity restrictions recently, and the domestic electrolytic aluminum production capacity has been affected. After Sichuan, Chongqing and other places previously reduced production and stopped production due to high-temperature power restrictions, electrolytic aluminum companies in Yunnan have also recently ushered in collective production cuts.
At noon on September 14, Shenhuo Co., Ltd. announced that its holding subsidiary Yunnan Shenhuo Aluminum Co., Ltd. received the "Notice on Emergency Starting Electrolytic Cell Energy Management" from Wenshan Power Supply Department, requiring energy management to be carried out by trough shutdown from September 10, and the power load will be adjusted to no more than 1.389 million kilowatts by September 12, and the power load will be adjusted to no more than 1.316 million kilowatts by September 14. Reducing load will have a certain impact on Yunnan Shenhuo Aluminum’s key technical indicators, product costs and economic benefits.
Yun Aluminum Co., Ltd. also announced on the evening of the 13th that according to the energy management notice of the power supply department, the electrolytic aluminum industry in Yunnan Province will limit power from September 10, and the voltage reduction of the electricity load by 10% before September 14 will have a certain impact on the production and operation of the company and its subordinate electrolytic aluminum enterprises.
According to media reports, electrolytic aluminum companies such as Qiya in Yunnan have also received relevant notices of reducing production capacity.
Bohai Securities stated in its research report that due to electricity restrictions, it is optimistic about the price increase of electrolytic aluminum.
According to the Asia Pacific Technology 2022 semi-annual report, Asia Pacific Technology is a manufacturer of high-performance aluminum extrusion materials, and is committed to providing customers in the global industrial field, especially in the vehicle field, the development and manufacturing services of mid-to-high-end aluminum alloy extrusion materials and components with comprehensive performance such as high strength, high fatigue resistance, and high corrosion resistance. The company's main products are high-performance precision aluminum tubes, special profiles and high-precision rods produced based on the extrusion process.
In the secondary market, Asia Pacific Technology's opening 's stock price rose slightly on the 15th. As of press time, it was 5.44 yuan per share, an increase of 0.37%. (China Business Network APP)
