融券方面，星源卓镁1月26日融券偿还100.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量6100.00股，融券余额38.19万元，超过近一年90%分位水平，处于高位。 1月26日，星源卓镁跌5.88%，成交额1.82亿元。两融数据显示，当日星源卓镁获融资买入额2161.57万 元，融资偿还1341.00万元，融资净买入820.57万元。截至1月26日，星源卓镁融资融券余额合计1.04亿 元。 融资方面，星源卓镁当日融资买入2161.57万元。当前融资余额1.04亿元，占流通市值的4.46%，融资余 额低于近一年20%分位水平，处于低位。 资料显示，宁波星源卓镁技术股份有限公司位于浙江省宁波市北仑区大碶璎珞河路139号，成立日期 2003年7月16日，上市日期2022年12月15日，公司主营业务涉及镁合金、铝合金精密压铸产品及配套压 铸模具的研发、生产和销售。主营业务收入构成为：镁合金压铸件68.00%，铝合金压铸件21.43%，模 具9.46%，其他1.11%。 责任编辑：小浪快报 分红方面，星源卓镁A股上市后累计派现8320.00万元。 机构持仓方面，截止2025年9月30日 ...

证券代码：301398 证券简称：星源卓镁 公告编号：2026-001 转债代码：123260 转债简称：卓镁转债 2、本次投资项目的具体建设计划、建设内容及规模可能根据外部政策环境 变化、公司业务发展需要等情况作相应调整。 3、公司预计该项目不会对本年度业绩产生重大影响。 一、对外投资概述 宁波星源卓镁技术股份有限公司（以下简称"公司"）分别于 2023 年 11 月 10 日、2023 年 11 月 27 日召开第二届董事会第十二次会议、第二届监事会第十 一次会议和 2023 年第二次临时股东大会审议通过了《关于对外投资并设立全资 子公司的议案》，并授权公司管理层办理子公司有关筹办、设立、工商登记等全 部 事 宜 。 具 体 内 容 详 见 于 2023 年 11 月 11 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露的《关于对外投资并设立全资子公司的公告》 （公告编号：2023-036）。 宁波星源卓镁技术股份有限公司 关于全资子公司竞得土地使用权 并签署项目建设协议暨对外投资进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、 ...

Core Viewpoint - The A-share market is experiencing a surge in autonomous driving concept stocks, driven by positive developments in regulatory approvals for Tesla's Full Self-Driving (FSD) technology [1][2]. Group 1: Stock Performance - Ruichuang Micro-Nano (688002) reached a 20% limit up, with a total market capitalization of 56.8 billion and a year-to-date increase of 22.33% [2]. - Jingwei Hengrun (688326) rose by 16.7%, with a market cap of 17.3 billion and a year-to-date increase of 22.61% [2]. - Hanxin Technology (920092) increased by 10.72%, with a market cap of 2.854 billion and a year-to-date increase of 22.81% [2]. - Siwei Tuxin (002405) saw a rise of 9.98%, with a market cap of 26.6 billion and a year-to-date increase of 24.75% [2]. - Other notable performers include Huayi Technology (688071) up by 9.75%, Jiu Zhi Yang (300516) up by 9.32%, and Jingjin Electric (688280) up by 8.61% [2]. Group 2: Market Trends - The overall trend in the A-share market indicates a strong interest in autonomous driving technologies, as evidenced by the significant price increases in related stocks [1]. - Tesla CEO Elon Musk's announcement at the Davos World Economic Forum regarding the potential approval of FSD in Europe and China has likely contributed to the bullish sentiment in the market [1].

Core Viewpoint - The magnesium alloy is increasingly being applied in high-end fields such as humanoid robot joints and aerospace components, with several listed companies prioritizing these projects for future development [1] Industry Developments - Companies like Yian Technology and Xusheng Group have begun small-scale production of magnesium alloys for advanced applications [1] - Baowu Magnesium Industry, Yian Technology, and Xingyuan Zhuomag have started to receive bulk orders for lightweight magnesium alloy components in the electric vehicle sector [1] Market Trends - The application base for magnesium alloys in emerging fields like aerospace and humanoid robotics is currently low, but even a small percentage of replacement could lead to significant demand growth [1] - Due to supply contraction and driven by demand and policy expectations, magnesium ingot and alloy prices have seen a notable increase this month, with domestic magnesium alloy prices rising from 18,300 yuan/ton to 19,200 yuan/ton [1] - Magnesium ingot prices reached as high as 17,000 yuan/ton this month, with the highest increase exceeding 1,000 yuan [1]

Core Viewpoint - Xingyuan Zhuomai (301398) currently does not have any products applied in the aerospace field [1] Company Summary - As of January 16, the company responded to investor inquiries on its interactive platform [1]

每经AI快讯，有投资者在投资者互动平台提问：贵司压铸件有用于航空航天吗？ 星源卓镁（301398.SZ）1月16日在投资者互动平台表示，截至目前公司暂无产品应用于相关领域。 （文章来源：每日经济新闻） ...

Core Viewpoint - Magnesium-aluminum price ratio has dropped to historical lows, and with technological breakthroughs, the economic and performance advantages of magnesium alloys are becoming evident, opening up space for replacing aluminum materials [1][2]. Group 1: Price Dynamics and Market Outlook - The magnesium-aluminum ratio is at a historical low of 0.75, which is only 0.4% of its historical range, indicating that magnesium alloys will have cost-effectiveness when the ratio is below 1.2-1.3 [2]. - The demand for aluminum is expected to increase significantly by 2025 due to steady growth in comprehensive demand, limited domestic capacity, insufficient overseas expansion, and various project disruption risks [2]. Group 2: Technological Advancements - Traditional disadvantages of magnesium alloys, such as poor corrosion resistance and immature processing equipment, are being addressed with advancements in semi-solid forming technology [3]. - Domestic manufacturers like Yizhiming are developing large-scale semi-solid forming equipment, which can produce magnesium alloy products with mechanical and corrosion properties comparable to die-cast aluminum alloys [3]. Group 3: Application Growth in Key Industries - The application of magnesium alloys in the automotive sector is accelerating, with major manufacturers like Mercedes-Benz, Ford, SAIC, and FAW increasing their use in vehicle body and chassis systems [4]. - Global demand for magnesium alloys in the automotive sector is projected to grow from 950,000 tons in 2024 to 5.12 million tons by 2030, representing a 4.4-fold increase with a CAGR of 32% [4]. - The humanoid robot industry is expected to experience explosive growth in magnesium alloy demand as several manufacturers begin mass production of commercial robots in 2026 [4]. Group 4: Investment Recommendations - The magnesium industry is entering a "singularity moment" as the penetration rate of magnesium alloys in the automotive and humanoid robot sectors increases, leading to accelerated order releases from leading manufacturers [5]. - Recommended investment targets include Baowu Magnesium Industry and Xingyuan Zhuomai [5].

Investment Rating - The report maintains a "Positive" investment rating for the magnesium industry [7]. Core Viewpoints - The magnesium industry is approaching a "singularity moment" as the penetration of magnesium alloys in the electric vehicle and humanoid robot sectors accelerates, with leading manufacturers expected to see a rapid release of orders [4][14]. - The magnesium-aluminum ratio is at a historical low, opening up cost-effective opportunities for magnesium to replace aluminum in various applications [10][12]. - Technological advancements are addressing the corrosion resistance and processing challenges of magnesium alloys, facilitating broader application [10][11]. Summary by Sections 1. Lightweight Cycle Review - The penetration rate of magnesium alloys has lagged behind expectations, particularly in the electric vehicle sector, where the aluminum usage per vehicle is significantly higher than that of magnesium [23][24]. 2. Low Magnesium-Aluminum Ratio - The magnesium-aluminum ratio has dropped below 1, indicating that magnesium alloys are becoming more economically viable compared to aluminum [10][12]. - The supply of aluminum remains tight due to high overseas electricity prices and operational challenges, while the magnesium supply is gradually stabilizing [34][46]. 3. Technological Breakthroughs - Advances in semi-solid forming technology are improving the mechanical properties and corrosion resistance of magnesium alloys, thus expanding their application potential [10][11][32]. - The demand for lightweight materials in electric vehicles and humanoid robots is increasing, with projections indicating a significant rise in magnesium alloy usage [10][12][41]. 4. Summary - The magnesium industry is expected to experience growth driven by increasing demand and supply optimization policies, benefiting leading magnesium refining companies [54][56]. 5. Listed Companies - Key investment targets include Baowu Magnesium Industry (002182, Buy) and Xingyuan Zhuomag (301398, Not Rated), both of which are positioned to benefit from the industry's growth [4][14].

Core Viewpoint - Xingyuan Zhuomei (301398) emphasizes the advantages of magnesium alloy materials, including low density, high specific strength, excellent heat dissipation, and significant cost advantages [1] Group 1: Company Insights - The company is committed to continuously monitoring technological developments in the robotics industry [1] - The company will adhere to information disclosure rules and fulfill disclosure obligations promptly if there are relevant business developments [1]

Group 1 - The SW auto parts index increased by 2.91% this week, ranking first in the SW automotive sector, with a year-to-date increase of 42.58% since the beginning of 2025 [2][3] - The latest trading day PE (TTM) for the SW auto parts index is at the 79.44% historical percentile, while the PB (LF) is at the 75.50% historical percentile [3] - The robot index rose by 3.73% this week, with a year-to-date increase of 62.08% since the beginning of 2025, outperforming the SW auto parts index by 0.83% [2][3] Group 2 - Key companies' weekly changes include Silver Wheel Co., which invested 380 million yuan in Sichuan Silver Wheel for capacity construction of water-cooled plates and front-end modules, expected to reach production capacity by 2029 [3] - Huada Technology announced a mid-term dividend plan for 2025, proposing a cash dividend of 0.15 yuan per share (tax included), totaling 70.46 million yuan [3] - Fuda Co. completed the transfer of 25% equity in Guilin Fuda Alfin for 48 million yuan [3] Group 3 - The top five companies by weekly increase are Xinquan Co. (+14.05%), Beite Technology (+11.64%), Top Group (+8.26%), Daimai Co. (+8.01%), and New Coordinates (+7.97%) [4] - Investment recommendations for auto parts focus on product-oriented companies and those entering high-value sectors, prioritizing potential leaders with production capacity in Europe, North America, and Southeast Asia [4] - For the robotics sector, the focus is on certainty opportunities, with the Optimus V3 expected to launch in Q1 2026, and attention on domestic applications from companies like Xiaopeng, Yushu, and Zhiyuan [4]