Eontec(SZ:300328) Zheng Quan Ri Bao Zhi Sheng·2025-12-02 08:37Core Viewpoint - The company indicates that its aluminum alloy products in the automotive parts sector are experiencing relatively low gross margins due to several constraints, while the magnesium alloy business is positioned to maintain higher profit margins due to fewer competitors and cost advantages [1] Group 1: Aluminum Alloy Products - The gross margin of aluminum alloy products is relatively low [1] - Three main factors are constraining the gross margin: 1. Industry capacity has reached saturation, leading to increased competitive pressure on the supply side [1] 2. Numerous market participants result in severe homogenization and intense competition within the industry [1] 3. Fierce price competition further compresses profit margins [1] Group 2: Magnesium Alloy Business - The magnesium alloy business currently has few companies capable of large-scale production, indicating it is still in the early stages of development [1] - Technical barriers and resource thresholds create strong pricing autonomy for this business segment [1] - The cost advantage of magnesium alloy raw materials allows this segment to maintain a high net profit margin [1]