BAOWU MAGNESIUM(SZ:002182)2023-05-15 08:16Group 1: Company Overview - Nanjing Yunhai Special Metal Co., Ltd. is a high-tech enterprise engaged in mining, non-ferrous metal smelting, and recycling processing, primarily producing magnesium and aluminum alloy materials [1] - Main products include magnesium alloys, magnesium alloy die-castings, aluminum alloys, aluminum extrusions, and metal strontium, with applications in automotive, electric bicycles, consumer electronics, and construction [1] Group 2: Mining Rights and Reserves - Subsidiary Chao Lake Yunhai Magnesium Industry Co., Ltd. holds mining rights for 8,864.25 thousand tons of white magnesium ore [2] - Joint venture Anhui Baomai Light Alloy Co., Ltd. possesses mining rights for 131,978.13 thousand tons of white dolomite [2] Group 3: Production Capacity Plans - The company is constructing new raw magnesium production capacities: 50,000 tons in Chao Lake, 100,000 tons in Wutai, and 300,000 tons in Qingyang, aiming for a total capacity of 500,000 tons of raw magnesium and 500,000 tons of magnesium alloys [2] - Five large die-casting machines over 6,800T have been ordered, with two already in production and others expected to arrive by June 2023 [2] Group 4: Capacity Utilization Strategies - The company plans to utilize part of the raw magnesium for magnesium alloy production through external purchases [2] - Expansion of magnesium building template applications and increased usage in automotive components are expected to enhance capacity absorption [2]