BAOWU MAGNESIUM(SZ:002182)2022-12-07 08:34Financial Performance - The company's operating revenue decreased by 5.21% compared to the same period last year [3] - The net profit attributable to the parent company fell by 8.73% year-on-year, primarily due to a slight decline in sales volume of main products [3] - The estimated profit for the entire year of 2015 is projected to be between 24 million and 36 million [3] Product and Market Insights - The main products in magnesium alloy die-casting include automotive steering wheel skeletons and other automotive parts, as well as electric tools [3] - The magnesium alloy extrusion products are primarily applied in 3C products and are currently in the sampling stage [3] - The subsidiary, Yangzhou Ruisele, mainly produces aluminum extrusion products, focusing on multi-channel flat tubes for air conditioning [3] Industry Trends and Future Outlook - The multi-channel flat tubes are mainly used in automotive air conditioning, with a positive outlook as the industry shifts away from refrigerants [4] - The company is considering investments in 3D printing materials, as magnesium alloy is an ideal raw material for 3D printing [4] - The company is actively pursuing mergers and acquisitions related to upstream and downstream enterprises connected to its main products [5] Compliance and Communication - The company has ensured compliance with information disclosure regulations, maintaining the accuracy and timeliness of disclosed information [5] - During the investor relations activities, the company engaged in thorough communication with investors, adhering to the disclosure management system [5]