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索通發展(603612.SH):公司已經是世界最大的商用預焙陽極生產商
格隆匯 05-27 15:51

格隆匯5月27日丨索通發展(603612.SH)在互動平台表示,(1)公司已經是世界最大的商用預焙陽極生產商,但未來仍然有較大成長空間。目前下游電解鋁客户盈利較好,預焙陽極需求強勁,同時海外電解鋁將迎來新的建設週期,疊加海外預焙陽極產能更新週期,我們堅定看好未來預焙陽極市場。(2)預焙陽極作為鋁產業鏈的關鍵配套材料,被喻為電解槽的 “心臟”,其性能直接影響鋁工業的生產效率與成本控制。當前,國內外鋁工業正加速向低成本、規模化生產轉型,各電解鋁廠均致力於通過提高電解槽電流容量及電流密度降低生產成本。這一趨勢對預焙陽極產品提出更高要求:尺寸大型化和品質升級。①尺寸大型化需求:隨着 500kA、600kA 大容量高效節能型電解槽在全球市場的廣泛應用,電解槽電流容量持續提升,倒逼預焙陽極尺寸相應增大,對生產企業的模具開發、成型工藝及焙燒設備提出更高要求。②品質升級壓力:在電解槽尺寸不變的前提下,電流密度的提升可直接增加電流容量、提高原鋁產量。我國鋁產業在這一領域仍有顯著提升空間,但電流密度增大意味着預焙陽極單位面積需承載更大電流,對其電阻率、空氣反應性及 CO₂反應性等核心指標提出了更嚴苛的標準。同時,針對客户多樣化的需求,公司提供對應的技術解決方案。如:為助力客户提升高精鋁的提純效率,降低高純鋁的成本,公司研發成功高精鋁用低鋅預焙陽極,此項技術相比行業同類陽極鋅含量大幅降低,鉛、鉻、錳等難以去除的重金屬元素含量也同步得到優化。(3)公司通過持續發展,優化經營,已實現業績扭虧為盈。2024年公司實現歸母淨利潤為2.72億元,2025年第一季度公司實現歸母淨利潤2.44億元。公司始終以提升業績與內在價值為核心,未來將繼續聚焦主業、技術創新、優化運營,以持續增長的經營成果回報股東。

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