9月2日，立中四通轻合金集团股份有限公司接待了开源证券徐剑锋、华夏久盈周峥的现场参观调研。上 市公司接待人员包括立中集团副总裁、董事会秘书李志国，立中车轮集团国内销售总监蔡国辉，以及立 中集团证券事务代表冯禹淇 。以下为本次投资者关系活动的主要内容： 保持和突破盈利水平的策略 高端铝合金车轮业务布局 公司积极扩展锻造和铸旋等高端铝合金车轮在泰国和墨西哥的海外产能建设。项目建成后，全球范围内 锻造铝合金车轮产能超100万只，铸旋铝合金车轮产能超1000万只。凭借领先工艺与全产业链制造优 势，提升生产效率、质量性能，降低成本与碳排放，获高端客户认可。 新兴领域业务布局 公司依托创新研发与产业协同，加速新兴市场布局与产品结构升级，聚焦新能源汽车等人形机器人等领 域，推进铝合金新材料应用。 -免热处理合金：在新能源汽车一体压铸领域规模化量产，高强高屈服免 热处理压铸铝合金在机器人关节转轴及无人机结构件验证。 -再生低碳A356合金：75%废旧铝替代电解 铝，应用于汽车零部件生产。 -高导热/高导电材料：在新能源汽车、5G基站等结构部件量产应用。 -可 钎焊压铸铝合金：低导热产品在汽车热管理系统验证应用，高导热产品拓展 ...

融券方面，立中集团9月1日融券偿还7800.00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6.13万股，融券余额131.55万元，超过近一年70%分位水平，处于较高位。 9月1日，立中集团涨1.18%，成交额5.80亿元。两融数据显示，当日立中集团获融资买入额7141.53万 元，融资偿还5490.99万元，融资净买入1650.54万元。截至9月1日，立中集团融资融券余额合计3.00亿 元。 融资方面，立中集团当日融资买入7141.53万元。当前融资余额2.98亿元，占流通市值的2.17%，融资余 额超过近一年50%分位水平，处于较高位。 截至8月8日，立中集团股东户数2.69万，较上期增加0.65%；人均流通股20711股，较上期减少0.64%。 2025年1月-6月，立中集团实现营业收入144.43亿元，同比增长15.41%；归母净利润4.01亿元，同比增长 4.97%。 分红方面，立中集团A股上市后累计派现7.30亿元。近三年，累计派现3.39亿元。 责任编辑：小浪快报 资料显示，立中四通轻合金集团股份有限公司位于河北省保定市清苑区发展西街359号，成立日期1998 年7月 ...

Core Insights - Lichong Group reported a revenue of 14.443 billion yuan for the first half of 2025, representing a year-on-year growth of 15.41% [1] - The net profit attributable to shareholders was 401 million yuan, an increase of 4.97% year-on-year, while the net profit after deducting non-recurring gains and losses was 360 million yuan, up 2.24% year-on-year [1] - The basic earnings per share for the reporting period was 0.63 yuan [1] Financial Performance - The gross profit margin for the first half of 2025 was 9.22%, a decrease of 0.69 percentage points year-on-year, while the net profit margin was 2.81%, down 0.31 percentage points from the same period last year [1] - In Q2 2025, the gross profit margin was 9.61%, showing a year-on-year decline of 0.54 percentage points but an increase of 0.77 percentage points quarter-on-quarter; the net profit margin was 3.32%, up 1.64 percentage points year-on-year and 1.01 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the first half of 2025 were 935 million yuan, a decrease of 90.6143 million yuan compared to the same period last year, with an expense ratio of 6.47%, down 1.72 percentage points year-on-year [2] - Sales expenses increased by 7.31% year-on-year, management expenses rose by 10.41%, and R&D expenses grew by 6.25%, while financial expenses decreased significantly by 85.67% [2] Company Overview - Lichong Group, established on July 28, 1998, and listed on March 19, 2015, is located in Baoding, Hebei Province, and specializes in the research, production, and sales of lightweight aluminum alloy wheels and functional intermediate alloy new materials [2] - The main business revenue composition includes: 55.78% from cast aluminum alloys, 32.26% from aluminum alloy wheels, 7.67% from intermediate alloys, and 4.29% from other sources [2] - The company belongs to the automotive industry sector, specifically automotive parts, and is associated with concepts such as Tesla, lithium batteries, automotive lightweighting, BYD, and automotive components [2]

Company Overview - Baowu Magnesium Industry Technology Co., Ltd. was established in 1993 and listed on the Shenzhen Stock Exchange in 2007, evolving into a high-tech enterprise integrating mining, non-ferrous metal smelting, and recycling processing [1] - The company specializes in the production and deep processing of magnesium and aluminum alloy materials, with key products including magnesium alloys, magnesium alloy die-castings, aluminum alloys, and metal strontium [1] - The complete industry chain from mining to recycling enhances product cost structure and risk resilience, ensuring stable product supply to customers [1] Export and Market Dynamics - The U.S. has imposed anti-dumping measures on Chinese magnesium products since the 1990s, leading to a cessation of exports from the company to the U.S. for many years [2] - The company is not directly affected by U.S. tariffs on magnesium products [2] Automotive Applications - The penetration rate of magnesium materials in automotive components is expected to increase, particularly for parts like instrument panel brackets, seat brackets, and display screen backplates, as the cost-performance ratio improves [2] - In 2024, the company anticipates over 20% growth in steering wheel, CCB, and seat products compared to 2023, bolstered by strategic collaborations with leading industry players [4] Robotics Sector - Magnesium alloys offer significant advantages in the robotics industry, including reduced weight, improved speed, enhanced thermal conductivity, and effective electromagnetic shielding, leading to increased operational efficiency [3]