Huafeng Aluminum Industry (601702.SH) and its subsidiaries plan to purchase raw materials for production from Yulin New Materials, with an expected total contract price exceeding 7.2 billion yuan.

Financial APP News from Wisdom Financial, Huafeng Aluminum (601702.SH) announced that the company and its subsidiary Huafeng Aluminum Co., Ltd. (referred to as "Chongqing Huafeng") as the buyer intend to jointly sign a production raw material purchase and sale contract with Shanxi Nonferrous Yulin New Material Group Co., Ltd. (referred to as "Yulin New Material" or "seller"). The contract stipulates that the buyer is expected to purchase no less than 360,000 tons of production raw materials from the seller from 2025 to 2029. The product unit price will be determined based on monthly market aluminum prices and contract terms, and the specific quantity will be based on monthly purchase orders and settled by batches. The total amount expected to be generated during the contract period exceeds 7.2 billion yuan.