星源卓镁(301398) - 星源卓镁调研活动信息

Group 1: Company Overview - Ningbo Xingyuan Zhuomei Technology Co., Ltd. specializes in magnesium alloy die-casting products, including components for automotive display systems, new energy vehicle powertrains, and automotive seats [1] - The company has seen a gradual increase in the proportion of large and medium-sized products [2] Group 2: Market Insights - In 2022, global primary magnesium production capacity was 1.63 million tons, with an output of 1.11 million tons. In China, the primary magnesium production capacity was 1.3646 million tons, with an output of 0.9333 million tons [2] - As the largest producer of magnesium ingots, China has resource reserve advantages, and the industry is expected to see increased concentration and stable prices in the future [2] Group 3: Product Applications - The company supplies magnesium alloy components for various models under SAIC Group, including the Zhiji and Feifan series, which enhance thermal performance, vibration damping, and reduce overall weight [2] - Magnesium alloy die-casting production requires high safety standards due to the flammability of magnesium dust and shavings, making safety measures critical in the production process [3] Group 4: Competitive Advantages - The company is one of the early entrants in the automotive magnesium alloy die-casting sector, providing integrated services from product design to surface treatment, which enhances customer satisfaction and market competitiveness [3] - The company is focused on the application of magnesium and aluminum alloys in automotive lightweighting, electrification, and intelligence, with plans for product promotion and development in new energy vehicle systems [3] Group 5: International Expansion - The overseas project in Thailand is progressing steadily, with considerations for local market conditions, talent supply, and raw material availability [3]