BAOWU MAGNESIUM(SZ:002182)2022-12-08 02:24Group 1: Company Projects and Developments - The company received the "Administrative License Application Acceptance Notice" from the CSRC on April 13, 2015, regarding the Huizhou project, and is now awaiting feedback from the CSRC [1] - The Huizhou project is similar to the production process of the Suzhou company, primarily serving customers in the Pearl River Delta region [1] - Current major customer segments for magnesium products are concentrated in the digital 3C electronics and automotive industries, with a higher usage in the digital 3C sector compared to the automotive sector [1] Group 2: Pricing and Financial Strategy - The pricing model for aluminum products is based on a "cost + processing fee" approach, ensuring a stable gross profit margin, with stable aluminum prices being key to securing profits [2] - The company has seen a significant increase in R&D expenses due to numerous new projects, emphasizing the need for continuous development and innovation to maintain market competitiveness [2] Group 3: Strategic Planning and Market Position - The company plans to gradually shift focus towards downstream markets with better profitability in deep processing industries, moving away from solely stabilizing upstream costs [2] - Current projects, including the Jingzhou project, Huizhou project, and high-performance magnesium alloy project, are expected to enhance product value and become new highlights for future performance growth [2] Group 4: Corporate Governance and Communication - The company employs a centralized management system across its subsidiaries, utilizing systems like OA and SAP to enhance management efficiency [2] - During the investor relations activity, the company ensured compliance with information disclosure regulations, maintaining the accuracy and completeness of disclosed information [2]