SINYUAN ZM(SZ:301398) Zhong Guo Ji Jin Bao·2025-11-04 15:17Core Viewpoint - Company has received a supplier designation notification from a domestic electric vehicle manufacturer to develop and supply magnesium alloy powertrain casing components for electric vehicles, indicating strong recognition of its R&D and manufacturing capabilities [1][3]. Group 1: Project Details - The project is expected to start mass production in the third quarter of 2026, with a projected total sales amount of approximately 2.021 billion yuan over four years (2026-2029) [4]. - This project marks a significant increase in potential revenue, as it could amount to about five times the company's projected revenue of 409 million yuan for 2024 [4]. Group 2: Financial Performance - The company has previously announced similar project notifications, with lifecycle amounts of 250 million yuan, 238 million yuan, 170 million yuan, 205 million yuan, and 710 million yuan for various projects [4]. - The company's revenue for the first three quarters of this year was 292 million yuan, with a net profit decline of approximately 20%, recording 45.07 million yuan [5]. Group 3: Market Position and Strategy - Company focuses on lightweight materials for automotive components, showcasing its competitive advantage in the magnesium alloy powertrain component sector [3]. - The company is currently issuing convertible bonds worth 450 million yuan, which may influence investor confidence following the recent project notification [6].