星源卓镁分析师会议-20250923

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - The company will focus on the application of magnesium and aluminum alloys in automotive lightweight, electrification, and intelligence, promote products horizontally, explore new product applications in automotive parts, and improve R & D and testing capabilities to enhance market share and competitiveness [23] 3. Summary by Relevant Catalogs 3.1. Research Basic Situation - Research object: Xingyuan Zhuomei [16] - Industry: Automotive parts [16] - Reception time: September 23, 2025 [16] - Reception personnel: Board Secretary Wang Jianbo and Securities Affairs Representative Dai Siyuan [16] 3.2. Detailed Research Institutions | Reception Object | Reception Object Type | Institution - Related Personnel | | --- | --- | --- | | Youan Zhongsheng Asset | Others | Zhang Henghui | | Huatai Securities Asset Management | Asset management company | Cao Qingyu | | Galaxy Fund | Fund management company | Shi Lei | | Guoshou Anbao Fund | Fund management company | Zhu Miao | | Huian Fund | Fund management company | Bao Xinshui | | Suyin Wealth Management | Other financial company | Ma Zhen | | Xishirun Investment | Investment company | Liu Peili | | Dacheng Fund | Fund management company | Ma Yueyang | | Guotou Securities | Securities company | He Guannan | [17] 3.3. Main Content Data - Product Split: The company's main magnesium - alloy die - cast products include automotive display system parts, new energy vehicle powertrain parts, automotive seat armrest structural parts, automotive center console skeletons, automotive lamp heat - dissipation brackets, etc., mainly automotive parts. The new projects undertaken in the first half of the year are mainly new energy vehicle powertrain parts and automotive display system parts [21] - Convertible Bond Issuance Progress: The company's convertible bond issuance work is in normal progress. It will disclose information according to regulations. Investors should follow the announcements on the exchange website and legal information disclosure platforms [22] - Advantages of Magnesium - alloy Products: As a lightweight automotive material, magnesium alloy is the lightest commercial metal structural material. It has low density, good toughness, and strong damping attenuation ability. It has good heat - dissipation performance, seismic and noise - reduction effects, and weight - reduction effects in automotive body structural parts and functional parts [23] - Die - casting Process: The company will flexibly choose between semi - solid process and traditional high - pressure die - casting process based on performance requirements and cost adaptation of different application scenarios to meet diverse product development needs [23] - Development Strategy: Focus on the application of magnesium and aluminum alloys in automotive lightweight, electrification, and intelligence, promote products horizontally, explore new applications, and improve R & D and testing capabilities [23]