Recently, China`s leading high-vacuum die-casting technology leader, GDWC Light Alloy Precision Die-casting Technology Group released its third quarterly report for 2020, showing that in the first three quarters of this year, the company achieved operating income of 1.456 billion yuan, a year-on-year increase of 34.28%, and achieved the ownership of shareholders of listed companies The net profit of 74.143 million yuan, an increase of 56.80%.
GDWC said that the outstanding performance in the first three quarters was mainly due to the following reasons: the sales of core customers were outstanding, and the sales of Volkswagen Sagitar Magotan continued to rebound in the third quarter. The sales of Sagitar exceeded 30,000 in September and 12,206 were delivered in the third quarter, up year-on-year. 154.3%. The increase in sales to downstream customers provides strong support for the company's performance.
The company`s comprehensive gross profit margin in the third quarter was 24.84%, which was an increase from the same period last year, and the capacity utilization rate increased: the wholly-owned subsidiary TJXB successfully launched its IPO project at the beginning of the year. With the gradual increase in output, the scale effect will effectively reduce the production costs of procurement and manufacturing. .
To seize the first-mover advantage of new energy aluminum alloy die-casting parts, the market potential of body structure parts is huge.
For many years, GDWC has continued to develop and improve high vacuum die-casting technology, mold technology used in high-vacuum die-casting, aluminum alloy, magnesium alloy, aluminum-silicon-magnesium alloy and other special material development or preparation technology and related production technology, which is a new energy (electric) We have accumulated a wealth of technology and experience in lightweight automobile and body structural parts, and have a significant first-mover advantage. Body structural parts have very high requirements for structural strength and rigidity, the market penetration rate is still low, and the value of bicycles is high. GDWC is one of the few companies in China that has the ability to mass produce and supply body structural parts. The main competitors are four foreign-funded enterprises.
At present, GDWC has supplied aluminum alloy body structure parts for Tesla cars, Shanghai NIO Automobile, and Mercedes-Benz in batches. The body structure parts provided for customers such as GAC New Energy and Xiaopeng Automobile have also entered the mass production stage. , Will become an important source of the company's future revenue growth.