宝武镁业(002182) - 2026年1月22日投资者关系活动记录表

Production and Export Data - In 2025, China's total magnesium production reached approximately 1.0421 million tons, a year-on-year increase of 1.59% [1] - Production by region: - Shaanxi: 685,200 tons (+7.57%) - Shanxi: 187,600 tons (-1.37%) - Inner Mongolia: 37,800 tons (-1.56%) - Xinjiang: 58,900 tons (+11.55%) - Other regions: 72,700 tons [1] - Total magnesium product exports in 2025 were 447,600 tons, a decrease of 2.65% year-on-year [2] - Magnesium ingots: 251,300 tons (-5.53%) - Magnesium alloys: 99,600 tons (+4.51%) - Magnesium powder: 73,600 tons (-10.79%) [2] Market Trends and Demand - The global aluminum price has been steadily rising, while magnesium alloy prices remain low, enhancing their cost-effectiveness [3] - Since October, magnesium alloy sales have increased by approximately 10%, reaching a historical high, driven by the demand from the electric vehicle sector [3] - The usage of magnesium in electric two-wheelers is expected to continue rising during the 14th Five-Year Plan period [3] Technological Advantages - The company has developed mature process control solutions for semi-solid magnesium alloy processing, particularly for thin-walled components [4] - Unique temperature control module designs and differentiated temperature management in key areas effectively address casting defects [4] Comprehensive Design Solutions - The company provides a full suite of design solutions for lightweight automotive components, adapting materials based on performance requirements: magnesium alloys for internal structures, aluminum for high-strength needs, and steel for load-bearing parts [4] - This approach promotes collaboration across the group to meet the lightweight demands of the automotive industry [4] Compliance and Communication - The company ensured accurate and timely information disclosure during investor communications, adhering to regulatory requirements [5]