BAOWU MAGNESIUM(SZ:002182)2022-12-07 09:22Group 1: Industry Competitors - The domestic magnesium alloy industry has competitors such as Wenxi Yinguang [1] - In the die-casting industry, there are many manufacturers, with a focus on producing steering wheels and other automotive parts [1] Group 2: Project Updates - The Chao Lake project has completed phase one with a capacity of 50,000 tons [1] - The current market price of raw magnesium is low, affecting profitability from ore to raw magnesium [1] Group 3: Product Offerings - The company’s die-casting products include steering wheels and pump shells [2] - The metal strontium products are used as modifiers in aluminum-strontium production, with a high gross margin but limited market demand [2] Group 4: Future Development Plans - The company plans to develop downstream processing in the aluminum industry, focusing on higher profitability [2] - Previous years were focused on stabilizing upstream costs, with future plans to extend into more profitable downstream sectors [2] Group 5: Investor Relations Compliance - The company ensured compliance with information disclosure regulations, maintaining the accuracy and completeness of disclosed information [2]