BAOWU MAGNESIUM(SZ:002182)2022-12-06 23:44Group 1: Financial Performance - The increase in Q1 performance is attributed to a rise in sales volume compared to the same period last year and a decrease in product costs [1] - The company achieved profitability due to increased production and reduced fixed costs at the Chao Lake subsidiary [3] Group 2: Production Capacity - Current production capacity includes 100,000 tons of primary magnesium and 170,000 tons of magnesium alloy [3] - Specific capacities: Yunhai Primary Magnesium and Magnesium Alloy each at 50,000 tons, Suzhou Yunhai at 40,000 tons, Chao Lake Yunhai at 50,000 tons, and Huizhou Yunhai at 30,000 tons [3] Group 3: Product Development - Magnesium plate extrusion is primarily used for 3C products and is currently in the customer certification phase [3] - The company’s magnesium alloy die-casting products mainly include automotive steering wheel frames and other automotive parts, with a projected sales increase of over 20% this year [3] Group 4: Market Trends and Future Plans - The demand for micro-channel flat tubes in automotive air conditioning systems is expected to increase due to environmental regulations [4] - The company is open to considering acquisitions that focus on downstream applications when suitable opportunities arise [4]