Wanfeng Aowei released its third-quarter performance report on the evening of October 24, which showed that from January to September 2023, the company achieved total operating income of 11.599 billion yuan, a decrease of 0.66% from the same period last year; Net profit was 536 million yuan, a decrease of 9.68% compared with the same period last year.
Wanfeng Aowei introduced: From January to September 2023, the company's automotive metal parts lightweight business achieved operating income of 9.75 billion yuan, a year-on-year decrease of 4.55%, but the overall profit level increased significantly compared with the same period last year. During the reporting period, the company's automotive metal parts lightweight business had sufficient orders and good sales. However, affected by the year-on-year decrease in prices of its main raw materials, aluminum ingots, magnesium ingots, and steel, operating income decreased year-on-year.
The company's automotive metal parts lightweight industry has the vision of "becoming a global promoter of lightweight automotive metal parts" and will continue to focus on the leading application advantages of magnesium alloys, aluminum alloys and other metal parts lightweight segments, and further increase the use of magnesium. Investment in lightweight metal application technology led by alloys and aluminum alloys. The company will continue to strengthen cooperation with core new energy customers, optimize product structure, increase matching of large-size wheels, continue to accelerate the popularization of large-scale instrument panel brackets in domestic mid-to-high-end vehicles and new energy vehicles, and promote magnesium alloy side door inner door panels, The domestic application of large-scale die-casting parts such as rear hatchback door panels, strengthening the introduction of overseas technical teams for magnesium alloys, establishing the Meridian Asia-Pacific Engineering Center, and building a leading R&D institution in the domestic auto parts industry to solve the problems of lightweight materials, processes, design and Key core technical issues in manufacturing and other fields, and achieve "localized design and agile supply" to continuously meet the rise of new energy vehicles and the development needs of lightweight vehicles, and actively promote the development of the industry.
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