- Business
- Lizhong Sitong Light Alloys Group Co., Ltd. Lizhong Sitong Light Alloys Group Co., Ltd. (300428.SZ) manufactures and sells advanced aluminum-based light alloy materials and lightweight automotive components, operating primarily through three enterprise groups focused on recycled aluminum alloys, aluminum alloy wheels, and functional master alloys; core products encompass metal grain refiners, metallographic modifiers, elemental additives, metal cleaning agents, various grades of cast aluminum ingots and liquid alloys, high-end aluminum alloy wheels for passenger vehicles, lightweight chassis parts, high-strength non-heat-treated die-casting alloys such as A356 and series 6/7 deformed aluminum alloys, new materials for lithium-sodium batteries in new energy vehicles, and aerospace-grade multi-element special master alloys with properties including high strength, toughness, thermal conductivity, electrical conductivity, and temperature resistance. The company serves industries such as automobiles, high-speed rail, aerospace, power appliances, consumer electronics, industrial aluminum profiles, food processing, humanoid robots, and integrated die-casting applications for CTC, CTB, and CTP systems, targeting leading new energy vehicle enterprises, large die-casting factories, international luxury automakers, and global super refiner users, with products applied in over five million vehicles worldwide annually and holding about 12 percent market share in China's recycled aluminum casting alloys. Founded in 1984 and headquartered at No. 359, Development West Street, Qingyuan District, Baoding City, Hebei Province, China, Lizhong Sitong maintains extensive operations in China generating the bulk of sales alongside growing foreign revenue streams, employs over 12,000 personnel, and listed on the Shenzhen Stock Exchange GEM in 2015 with advanced R&D supported by more than 400 personnel, 852 patents, 23 technology platforms, and certifications including ISO9001, ISO14001, IATF16949, and ASI standards. Recent developments include a June 2021 name change from Hebei Sitong New Metal Material Co., Ltd. to its current designation, securing aluminum alloy wheel projects from an international luxury automaker in 2025 via subsidiaries Tianjin Lizhong, Xintai Wheels, and Dong'an Light Alloys with expected 10-year sales of approximately 5.8 billion yuan starting mass production in July 2027, winning two overseas contracts worth over 1.6 billion yuan from prominent automotive manufacturers in 2025, achieving customer certifications and scaled production for integrated die-casting heat-free alloys with leading new energy firms in 2024 alongside advancements in recycling technology, earning awards such as the 2024 SMM Low-Carbon New Materials Quality Supplier title and Ninth Bell Xu Award for lightweighting and new materials, producing 21.4 million aluminum alloy wheels in 2024 generating 9.2 billion yuan in segment revenue, and approving a final cash dividend for 2024 payable June 2025.