In 2023, Shanghai Huafon Aluminium Corporation produced about 387,600 tonnes of aluminum sheet, strip and foil, up by 14.90% YoY, and the annual sales increased by 16.33% YoY to 382,700 tonnes, according to the company's annual report.

The company said the rising demand for aluminum products mainly contributed to the business growth as downstream clients saw an increased market share of new energy products.