BAOWU MAGNESIUM(SZ:002182)2023-12-15 08:28Group 1: Company Overview - Baowu Magnesium Industry was established in 1993 and listed in 2007, focusing on 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, aluminum alloys, and intermediate alloys [1] Group 2: Product Applications - 90% of the deep-processed magnesium products are die-cast products, primarily used in the automotive and 3C industries [3] - Magnesium alloys are widely used in automotive components such as steering wheels, instrument panel brackets, and battery end plates for electric vehicles due to their lightweight and excellent properties [3] Group 3: Export and Revenue - In 2022, foreign sales accounted for 21% of the company's total revenue [3] Group 4: Technological Advancements - The company has developed the world's first fully automated magnesium water supply system, significantly reducing production costs and improving efficiency [3] - The magnesium water supply process reduces overall energy consumption by 20% and die-casting energy consumption by over 30% [3] Group 5: Capacity and Market Expansion - The company is expanding the application of magnesium building templates, with each square meter weighing 16 kg [4] - The use of magnesium in automotive components is increasing, with a growing number of parts being made from magnesium [4]