Core Viewpoint - The company, Bojun Technology, is expanding its operations in the new energy vehicle sector by establishing a new lightweight automotive component production base in Chongqing, with a total investment of 600 million yuan to meet increasing customer demand [1][2]. Group 1: Company Expansion - Bojun Technology's wholly-owned subsidiary plans to sign a cooperation agreement to build a production base covering an area of approximately 119 acres [1]. - The project aims to enhance the development of lightweight automotive components and optimize regional capacity distribution to better meet customer needs [1]. Group 2: Financial Performance - For the first three quarters of 2025, the company's operating income reached 4.075 billion yuan, representing a year-on-year increase of 42.36% [2]. - The net profit attributable to shareholders for the same period was 627 million yuan, reflecting a year-on-year growth of 70.47% [2]. Group 3: Strategic Partnerships and Production Capacity - Bojun Technology has established strategic partnerships with well-known automotive manufacturers such as Li Auto, BYD, and Geely, and operates 15 subsidiaries nationwide [2]. - The company has adopted an "order-based production capacity" strategy, leading to significant investments in new production bases in various locations, totaling 2.36 billion yuan this year [2].

Core Viewpoint - The company held an online performance briefing for the 2024 fiscal year, achieving a high interaction rate with investors, answering 87 out of 88 questions posed during the session, indicating strong investor engagement and transparency [1]. Group 1: Business Operations and Growth - The company is focusing on expanding its magnesium alloy deep processing business, particularly in automotive parts, electric bicycle components, and construction templates, with significant growth expected in these areas [2]. - The company has outlined specific measures to address market competition, including upgrading magnesium smelting technology, optimizing the industrial chain layout, and promoting magnesium application technology innovation [5][6]. - The company currently has a production capacity of 100,000 tons of raw magnesium and 200,000 tons of magnesium alloy, with plans to increase capacity to 500,000 tons [43][46]. Group 2: Market Position and Strategy - The company is positioned as a core platform for the magnesium industry under Baowu Steel Group, with a commitment to avoid competition with its subsidiaries through asset restructuring and other legal means [3][4]. - The company is actively participating in international exhibitions and industry conferences to showcase its technological capabilities and expand its international customer base [5]. - The company is leveraging the current low magnesium prices to promote its products, enhancing the attractiveness of magnesium applications in various sectors [7]. Group 3: Financial Management and Investor Relations - The company has emphasized the importance of market value management, taking various measures to communicate its investment value to the market and protect the interests of minority shareholders [12][20]. - The company has not yet established a specific stock repurchase plan, despite ongoing discussions about its market value and stock price performance [17][27]. - The company reported a nearly 30% increase in accounts receivable, primarily due to rising revenues, indicating a positive sales trend [39].