BAOWU MAGNESIUM(SZ:002182)2025-05-14 08:10Production and Export Overview - In 2024, global primary magnesium production reached 1.12 million tons, a year-on-year increase of 12% [1] - China's primary magnesium production capacity was 1.4875 million tons, up 9.29% year-on-year; production was 1.0258 million tons, increasing by 24.73% [1] - Magnesium alloy production reached 396,800 tons, reflecting a growth of 14.95% [1] - China exported 459,800 tons of various magnesium products in 2024, a 13.62% increase from 2023's 404,700 tons [1] Financial Performance - The company reported a revenue of ¥8,982,563,028.12 in 2024, marking a 17.39% increase compared to the previous year [2] - Net profit attributable to shareholders was ¥159,628,962.00, a decline of 47.91% year-on-year, primarily due to falling magnesium prices [2] Product Development in Automotive Sector - The company saw over 20% growth in steering wheel products, CCB products, and seat products in 2024 compared to 2023 [3] - Strengthened strategic cooperation with leading industry players, resulting in multiple new product reserves [3] Market Dynamics - The current lower magnesium prices compared to aluminum present a favorable opportunity for the magnesium industry [4] - This price dynamic is expected to enhance the adoption of magnesium in large automotive components, integrated die-casting, robotics, and construction templates [4] Resource Reserves - Subsidiaries hold significant white marble ore resources: 88.6425 million tons and 578.95 million tons respectively [5] - A joint venture holds 1.3197813 million tons of white marble ore resources [5] - Additional quartzite resources include 1.6889 million tons and 1.26 million tons [5] - These resources ensure stable raw material supply for primary magnesium and magnesium alloy production, supporting the entire industry chain [5]