宝武镁业科技股份有限公司 详式权益变动报告书 宝武镁业科技股份有限公司 详式权益变动报告书 上市公司名称：宝武镁业科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：宝武镁业 股票代码：002182.SZ 信息披露义务人：宝钢金属有限公司 住所：上海市宝山区蕴川路3962号 通讯地址：上海市宝山区同济路333号5号楼 股份变动性质：股份增加 签署日期：二〇二五年六月 宝武镁业科技股份有限公司 详式权益变动报告书 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 | 信息披露义务人声明 1 | | | --- | --- | | 目 录 2 | | | 释 义 3 | | | 第一节 | 信息披露义务人介绍 4 | | 第二节 | 本次权益变动的目的及决策程序 35 | | 第三节 | 本次权益变动的方式 37 | | 第四节 | 本次权益变动资金来源 45 | | 第五节 | 后续计划 46 | | 第六节 | 本次权益变动对上市公司的影响分析 48 | | 第七节 | 与上市公司之间的重大交易 52 | | 第八节 | 前 6 个月内买卖上市公司股份的情况 53 ...

证券代码：002182 证券简称：宝武镁业 公告编号：2025-25 宝武镁业科技股份有限公司 关于公司股东协议转让部分股份暨权益变动 的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚 假记载、误导性陈述或者重大遗漏。 特别提示： 本次协议转让不会导致公司控股股东、实际控制人发生变化； 本次股份转让事宜尚需取得深圳证券交易所的合规性确认，并在中国证 券登记结算有限责任公司深圳分公司办理股份过户登记手续，存在不确定性， 请投资者注意投资风险。 一、股份转让的具体情况 2025年6月25日，公司收到宝钢金属、梅小明先生、朱岳海先生通知，获悉 宝钢金属与梅小明先生、朱岳海先生签署了《股份转让协议》，宝钢金属拟协 议受让梅小明先生、朱岳海先生合计持有的宝武镁业49,589,578股股份（占上市 公司总股本5%），其中包含梅小明先生持有的40,795,963股无限售股份（占上 市公司总股本4.11%），朱岳海先生持有的上市公司8,793,615股股份（占上市公 司总股本0.89%）。本次股份协议转让的价格为11.94元/股，股份转让总价款共 计人民币592,099,561.32元。 上述股份 ...

宝武镁业科技股份有限公司 简式权益变动报告书 上市公司名称：宝武镁业科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：宝武镁业 宝武镁业科技股份有限公司 简式权益变动报告书 信息披露义务人：梅小明 股票代码：002182.SZ 住所：江苏省南京市******** 通讯地址：江苏省南京市溧水经济开发区秀山东路 9 号 权益变动性质：减少 签署日期：2025 年 6 月 25 日 宝武镁业科技股份有限公司 简式权益变动报告书 信息披露义务人声明 一、本信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司收购管理办法》《公开发行证券公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关的法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在宝武镁业科技股份有限公司（以下简称"宝 武镁业"或"上市公司"）中拥有权益的股份变动情况。 本报告书中，除非文义另有所指，下列词语或简称具有如下含义： | 上市公司、宝武镁业 | 指 | 宝武镁业科技股份有限公 ...

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Viewpoints - The company is positioned to benefit from the increasing demand for magnesium alloys in the automotive lightweighting sector, which is expected to experience significant growth [2][31]. - The magnesium-aluminum price ratio has dropped significantly, enhancing the cost-effectiveness of magnesium [1][11]. - The company has a comprehensive industrial chain covering mining, refining, and processing, which provides a competitive advantage [3][42]. Summary by Sections Magnesium Industry - Magnesium is a strategically important metal with a fully self-sufficient supply chain in China, unlike aluminum and iron, which have high external dependency rates [1][24]. - The magnesium-aluminum price ratio fell below 1 in March 2024 and has remained low, indicating a favorable cost position for magnesium [1][11]. - The automotive sector is the largest demand area for magnesium alloys, accounting for 70% of consumption, driven by the need for lightweight materials [27][31]. Company Overview - The company has significant resources, including extensive dolomite reserves and multiple magnesium production bases, which support its growth potential [3][42]. - Current projects aim to increase production capacity to 500,000 tons of raw magnesium and magnesium alloys [3][42]. - The company is expanding its product offerings in various applications, including automotive components, which are expected to see increased adoption [49]. Profit Forecast and Investment Suggestions - The company is projected to achieve net profits of 214 million, 478 million, and 639 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 0.22, 0.48, and 0.64 yuan [4][54]. - The price-to-earnings ratio (PE) is expected to decrease from 52 in 2025 to 18 in 2027, indicating potential for growth [4][54].

Investment Rating - The report initiates coverage with a "Buy" rating for Baowu Magnesium Industry [3][45]. Core Viewpoints - The improvement in the corrosion resistance of magnesium alloys is crucial for their application in the automotive sector, with a potential market growth of 5 times due to enhanced economic viability as magnesium prices decline [1][2]. - Baowu Magnesium has launched corrosion-resistant magnesium alloy components, indicating progress in applications requiring high corrosion resistance, such as electric motor housings [1][26]. - The company has a comprehensive layout in the magnesium alloy manufacturing sector, with significant reserves and production capacities planned for the future [1][29]. Summary by Sections 1. Magnesium Alloy Corrosion Resistance - Enhancing corrosion resistance is key to unlocking the market for automotive magnesium alloy components [10]. - Magnesium alloys have shown better weight reduction compared to aluminum alloys, making them economically viable as magnesium prices have decreased [12][13]. - The current application of magnesium alloys in vehicles is limited, with potential usage significantly higher than current levels [18][19]. 2. Baowu Magnesium's Capabilities - Baowu Magnesium has successfully developed a magnesium alloy electric drive assembly that meets industry corrosion resistance requirements [26]. - The company has invested in R&D and established various innovation platforms to enhance product development [28]. 3. Industry Layout and Production Capacity - Baowu Magnesium has a well-structured layout in magnesium resources, production, and customer development, ensuring a competitive edge in the market [29]. - The company holds substantial magnesium ore reserves, with a total of 175,359.38 million tons available for extraction [32]. - Planned production capacities include 50,000 tons of raw magnesium and 60,000 tons of magnesium alloys by the end of 2024 [34][41]. 4. Profitability and Valuation Forecast - The forecasted EPS for Baowu Magnesium for 2025, 2026, and 2027 are 0.241, 0.374, and 0.606 respectively, with dynamic PE ratios indicating a favorable investment outlook [2][45]. - The company is positioned to benefit from the anticipated growth in the automotive magnesium alloy market due to improvements in corrosion resistance [45].

Production Capacity and Output - In 2024, global primary magnesium production reached 1.12 million tons, a year-on-year increase of 12% [1] - China's primary magnesium capacity was 1.4875 million tons, up 9.29% year-on-year, with a production of 1.0258 million tons, marking a 24.73% increase [1] - Magnesium alloy production in China was 396,800 tons, reflecting a 14.95% growth [1] - China accounts for approximately 85% of global primary magnesium production capacity [1] Production Methods - The company primarily uses the silicon thermal reduction method, which has a simpler process and lower investment compared to the electrolysis method [1][2] - The electrolysis method, while more complex and costly, is being improved by domestic manufacturers to reduce production costs [1][2] Resource Reserves - Subsidiaries hold significant white marble ore reserves: 88.6425 million tons and 578.95 million tons, while a joint venture holds 1.3197813 billion tons [3] - Gansu Mining has approximately 3 million tons of quartzite ore reserves [3] - These resources enhance the stability of raw material supply for primary magnesium and magnesium alloy production [3] Downstream Processing Expansion - The company operates six die-casting bases nationwide, equipped with over 200 die-casting units and nearly 1,000 processing centers [4] - Focus areas for magnesium alloy deep processing products include automotive parts, electric bicycle components, robotic parts, and magnesium construction templates [4] - Specific automotive applications include steering components, dashboard supports, and door panels [4] Future Development Strategy - The company emphasizes research and innovation, positioning technological advancement and new product development as core strategies [5][6] - It has developed a complete set of magnesium reduction and magnesium alloy production equipment and processes, leading the industry in energy-saving and consumption reduction [6] - The company aims to enhance its core competitiveness in lightweight magnesium alloy materials, focusing on technological innovation and expanding downstream processing businesses [6]

Company Overview - Baowu Magnesium Industry Technology Co., Ltd. was established in 1993 and listed on the Shenzhen Stock Exchange in 2007, evolving into a high-tech enterprise integrating mining, non-ferrous metal smelting, and recycling processing [1] - The company specializes in the production and deep processing of magnesium and aluminum alloy materials, with key products including magnesium alloys, magnesium alloy die-castings, aluminum alloys, and metal strontium [1] - The complete industry chain from mining to recycling enhances product cost structure and risk resilience, ensuring stable product supply to customers [1] Export and Market Dynamics - The U.S. has imposed anti-dumping measures on Chinese magnesium products since the 1990s, leading to a cessation of exports from the company to the U.S. for many years [2] - The company is not directly affected by U.S. tariffs on magnesium products [2] Automotive Applications - The penetration rate of magnesium materials in automotive components is expected to increase, particularly for parts like instrument panel brackets, seat brackets, and display screen backplates, as the cost-performance ratio improves [2] - In 2024, the company anticipates over 20% growth in steering wheel, CCB, and seat products compared to 2023, bolstered by strategic collaborations with leading industry players [4] Robotics Sector - Magnesium alloys offer significant advantages in the robotics industry, including reduced weight, improved speed, enhanced thermal conductivity, and effective electromagnetic shielding, leading to increased operational efficiency [3]

一、股东会审议通过权益分派方案的情况 1、宝武镁业科技股份有限公司（以下简称"宝武镁业"或"公司"）2024 年年度权益分派方案已获2025年5月22日召开的2024年度股东会审议通过，2024 年度利润分配方案为：以2024年末总股本991,791,553股为基数，向全体股东每10 股派发现金股利0.5元（含税），不送红股，不以公积金转增股本。 公司总股本 991,791,553 股，以此计算合计拟派发现金红利 49,589,577.65 元 (含税)，占公司当年合并报表归属于上市公司股东的净利润比例为 31.07%。如在 本预案披露之日起至实施权益分派股权登记日期间，公司总股本由于可转债转 股、股份回购、股权激励行权、再融资新增股份上市等原因发生变动，按照"现 金分红总额不变"的原则相应调整。 证券代码：002182 证券简称：宝武镁业 公告编号：2025-24 宝武镁业科技股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏。 3、本次实施分派方案与股东会审议通过的分派方案一致。 4、本次分派方案的实施距股东会审议通 ...

证券代码：002182 证券简称：宝武镁业 公告编号：2025-23 宝武镁业科技股份有限公司 2024 年度股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、 误导性陈述或者重大遗漏。 重要提示： ● 本次股东会召开期间无增加、否决或变更议案的情况； ● 本次股东会以现场表决与网络表决相结合的方式召开。 一、会议召开情况 1、会议召集人：宝武镁业科技股份有限公司董事会 2、会议主持人：董事长梅小明先生 3、会议召开方式及召开时间 （1）现场会议时间：2025年5月22日（星期四）下午14:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025年5月22日（星期四）上午9:15－9:25，9:30－11:30，下午13:00－15:00。通过深 圳证券交易所互联网投票系统投票的具体时间为2025年5月22日（星期四）上午9:15 至下午15:00期间的任意时间。 4、会议地点：宝武镁业科技股份有限公司会议室。 5、会议的召集、召开与表决程序符合《公司法》《深圳证券交易所股票上市规 则》及《公司章程》等法律、法规及规范性文件的规定。 二、会议出 ...

北京大成(上海)律师事务所 关于宝武镁业科技股份有限公司 2024年度股东会的法律意见书 致:宝武镁业科技股份有限公司 北京大成(上海)律师事务所(简称"本所")接受宝武镁业科技股份有限 公司(简称"公司")委托,委派本所律师出席公司于 2025年5月22日召开的 2024 年度股东会(简称"本次股东会"),并根据《中华人民共和国证券法》 (简称"《证券法》")、《中华人民共和国公司法》(简称"《公司法》") 及中国证券监督管理委员会发布的《上市公司股东会规则》(简称"《股东会规 则》")等法律、行政法规及规范性文件和《宝武镁业科技股份有限公司章程》 (简称"《公司章程》")的规定,就本次股东会相关事项出具本法律意见书。 为出具本法律意见书,本所律师审查了公司提供的有关本次股东会的相关文 件。在审查有关文件的过程中,公司向本所律师保证并承诺,公司向本所提供的 文件是真实、准确、完整的,有关副本材料或复印件与原件一致,公司已向本所 律师披露一切足以影响本法律意见书出具的事实和文件,且无任何隐瞒、遗漏之 处。 在本法律意见书中,本所律师仅就本次股东会的召集程序及召集人资格、召 开程序、出席会议人员的资格、会议的表 ...