On September 7, the manufacturer of China's aluminum alloy sheet, strip and foil materials and brazed heat exchanger materials: SHHF Aluminum Technology Group was officially listed on the Shanghai Stock Exchange.
With this successful IPO, SHHF intends to use the 885 million yuan raised funds for the 200,000-ton aluminum sheet, strip and foil project.
Recognized by hundreds of auto parts suppliers
Aluminum heat transfer materials used in automobile heat exchange systems and battery materials used in new energy automobile battery systems have high customer certification barriers and strict quality management system certification. At present, SHHF has been recognized by hundreds of auto parts suppliers worldwide and has become its qualified supplier.
SHHF's main customers include Denso Corporation (DENSO), a well-known supplier of automotive system components in the world, MAHLE Group, a well-known German automotive component supplier, and Hanon, one of the well-known professional manufacturers of automotive air-conditioning products in Korea Systems Corp. and other world-renowned auto parts groups, as well as China's mainstream auto parts suppliers such as Great Wall Motors and BYD.
SHHF products are mainly used to manufacture automotive radiators and automotive air-conditioning parts. A considerable proportion of customers are well-known auto parts suppliers for high-end models such as Mercedes-Benz, BMW, Audi, and Tesla. The company has established long-term and stable customer relationships with auto parts manufacturers and has won many important awards from customers.
In 2019, the sales revenue of aluminum heat transfer composite materials accounted for more than 60%
The aluminum sheet, strip and foil produced by SHHF are mainly divided into aluminum heat transfer materials and battery materials for new energy vehicles according to their uses. Among them, aluminum heat transfer materials are mainly used in the manufacture of heat exchange systems in downstream industries such as transportation, air conditioning, mechanical equipment, and power electronics. , Belongs to high value-added, deep-processed aluminum alloy materials, which are divided into aluminum heat transfer non-composite materials and aluminum heat transfer composite materials. Among them, compound materials in particular have higher added value, greater technical difficulty and more complicated procedures. The battery materials for new energy vehicles are mainly used to manufacture power battery components for new energy vehicles.
In 2019, the sales revenue of aluminum heat transfer composite materials, aluminum heat transfer non-composite materials, battery materials for new energy vehicles, and stamping parts were 2.225 billion yuan, 996 million yuan, 124 million yuan, and 10 million yuan, respectively, accounting for 66.32%, 29.70%, 3.69%, 0.29%.