Zhongwang Increases Domestic Market Expansion, Second Quarter Profit Increases 50% YoY

Recently, China Zhongwang, the world's second largest manufacturer and developer of industrial aluminum profiles, announced that its sales revenue in the domestic market rose by 94% in the second quarter, driving second-quarter profit to rise by 50% to 247 million yuan.

Lu Zhongqing, executive director and vice president of China Zhongwang, said that the significant increase in domestic sales revenue is offsetting the negative impact on the Group caused by anti-dumping and anti-subsidy investigations of aluminum products exported from some of China's exports. Has become the group's main source of income and profit.

For future development, China Zhongwang stated that the Group is actively looking for new opportunities with high growth potential. Currently, it is planning to enter the field of high value-added aluminum rolled materials, and this new business will be listed as a key development project in the future. It is reported that aluminum rolled material products mainly include aluminum plate, high-end aluminum foil, high-end aluminum ribbon, etc., and are widely used in aerospace, shipbuilding, rail transportation, automotive, machinery and equipment, packaging and electronics.