Core Viewpoint - Baowu Magnesium Industry reported that as of February 10, 2026, the number of shareholders reached 54,335 [2] Company Summary - The company actively engages with investors through interactive platforms [2] - The increase in shareholder count indicates growing interest and potential investment in the company [2]

Group 1 - The core viewpoint is that the rising aluminum prices are positively impacting the magnesium alloy market due to its enhanced cost-effectiveness, especially after the new national standards for electric bicycles were released [1] - Global aluminum prices have been steadily increasing and reaching new highs, while magnesium alloy prices remain low, leading to a significant increase in demand for magnesium alloys [1] - Since October, the company's magnesium alloy sales have increased by approximately 10% from the previous base, achieving a historical high [1] Group 2 - The usage of magnesium in electric two-wheelers is expected to continue to rise rapidly during the 14th Five-Year Plan period [1] - The trend of lightweighting in the automotive sector is accelerating, particularly in the new energy vehicle segment, with several major automakers actively promoting the application of magnesium alloys [1] - The penetration of magnesium products in vehicles is increasing, with one automaker currently using over 20 kg of magnesium alloy per vehicle, and future applications could see usage rise to 50-100 kg as larger magnesium die-cast components are integrated [1] Group 3 - The application scenarios for magnesium alloys are expanding, including areas such as instrument panel brackets, electric drive housings, and rear floors, indicating unprecedented development opportunities for magnesium alloy automotive die-cast components [1]

Core Viewpoint - Baowu Magnesium Industry has established semi-solid casting production lines with capacities of 300 tons, 1300 tons, 1500 tons, and 3500 tons in Nanjing and Chongqing, focusing on automotive and drone components [2] Group 1 - The company has built semi-solid casting production lines with various capacities [2] - Equipment for these production lines is supplied by Yizhiming and Haitian [2] - The main products include automotive instrument panel brackets, steering brackets, luggage rack brackets, and drone compartments [2]

Core Viewpoint - Baowu Magnesium Industry (002182) has a diverse business portfolio that includes magnesium materials, magnesium products, aluminum products, mineral products, and construction template businesses [1] Group 1: Business Segments - The company’s main products consist of magnesium alloys, deep-processed magnesium alloy products, aluminum alloys, deep-processed aluminum alloy products, intermediate alloys, and metallic strontium [1]

Core Viewpoint - The company Baowu Magnesium has significant mineral resources that ensure stable raw material supply for its magnesium and magnesium alloy production, supporting the development of its entire magnesium industry chain [1] Resource Summary - Subsidiary Chao Lake Baomag has a limestone resource reserve of 90 million tons and is currently in operation [1] - Subsidiary Wutai Baomag has a limestone resource reserve of 580 million tons [1] - The associated company Anhui Baomag holds a limestone resource reserve of 1.3 billion tons, with partial mining already conducted [1]

Core Viewpoint - Baowu Magnesium Industry has established semi-solid casting production lines with capacities of 300 tons, 1300 tons, 1500 tons, and 3500 tons in Nanjing and Chongqing, primarily producing components for automotive and drone applications [1] Group 1 - The company has built semi-solid casting production lines in Nanjing and Chongqing [1] - The production capacities of the lines are 300 tons, 1300 tons, 1500 tons, and 3500 tons [1] - Equipment for these production lines is supplied by Yizhiming and Haitian [1] Group 2 - The main products include automotive instrument panel brackets, steering brackets, luggage rack brackets, and drone compartments [1]

Core Viewpoint - The company, Baowu Magnesium Industry, reported a significant increase in demand for magnesium alloys due to rising aluminum prices and the new national standards for electric bicycles, leading to a historical sales peak since October [1] Group 1: Company Performance - Baowu Magnesium Industry's sales volume of magnesium alloys increased by approximately 10% from October, reaching a historical high [1] - The company anticipates that the usage of magnesium in electric two-wheelers will continue to rise rapidly during the 14th Five-Year Plan period [1] Group 2: Industry Trends - The demand for magnesium alloys has significantly improved due to enhanced cost-performance ratios influenced by the rising aluminum prices [1] - The introduction of new national standards for electric bicycles is expected to further drive the demand for magnesium alloys in the industry [1]

Core Viewpoint - The company Baowu Magnesium has significant mineral resources that ensure stable raw material supply for its magnesium and magnesium alloy production, supporting the development of its entire magnesium industry chain [1] Resource Summary - Subsidiary Chao Lake Baomag has a limestone resource reserve of 90 million tons and is currently in operation [1] - Subsidiary Wutai Baomag has a limestone resource reserve of 580 million tons [1] - Associated company Anhui Baomag holds a limestone resource reserve of 1.3 billion tons, with partial mining already conducted [1]

Group 1 - Baowu Magnesium Industry announced that on February 11, 2026, it will accept investor research from institutions including Invesco Great Wall, with the general manager of Nanjing Precision, Xie Yingbin, and the company's legal representative, Du Liyong, participating in the reception and answering investor questions [1] Group 2 - The news highlights a significant interest in the company from investors, indicating potential growth and engagement in the market [1] - The involvement of high-profile investment firms suggests confidence in Baowu Magnesium Industry's future prospects [1]

Group 1: Company Overview - The company operates in multiple business segments including magnesium materials, magnesium products, aluminum products, mineral products, and construction templates [1] - The company has significant reserves of dolomite, with subsidiaries holding 0.9 million tons, 5.8 million tons, and 13 million tons, ensuring stable raw material supply for magnesium and magnesium alloy production [1] Group 2: Market Dynamics - Global aluminum prices are rising, while magnesium alloy prices remain low, enhancing the cost-effectiveness of magnesium alloys [2] - Magnesium alloy sales increased by approximately 10% since October, reaching historical highs, driven by rising demand in electric vehicles [2] Group 3: Production and Technological Advancements - The company has established semi-solid magnesium alloy casting lines with capacities of 300 tons and 1300 tons, producing components for automotive applications [2] - The company emphasizes a complete magnesium industry chain from dolomite mining to magnesium alloy recycling, enhancing product quality and market responsiveness [3] Group 4: Competitive Advantages - The company has three primary raw magnesium supply bases and four magnesium alloy supply bases, optimizing resource allocation and operational efficiency [3] - Continuous investment in technological innovation and new product development strengthens the company's core competitiveness [3]