此外，公司计划加大扩产规模，正在巢湖新建5万吨原镁产能、在五台新建10万吨原镁产能、在青阳新建30万吨原镁产能。随着各地新扩能达产以后，将能够达到50万吨原镁和 50万吨镁合金的规模。According to the first financial report after ① Baowu magnesium was renamed, its net profit in the first three quarters decreased by more than 60% compared with the same period last year, but Q3 increased by 20% in a single quarter; ② 's profit is highly related to magnesium price, and magnesium price as a whole is not good this year, but it rises month by month in the second half of the year, and the company's orders also increase; after ③ Baosteel strategic holding, Baowu magnesium is making up for Baosteel's competitiveness in the field of new energy and new forces, and the company has supplied the industry, XPeng Inc. and others.
Financial Associated Press, October 26 (Reporter Wu Chao)Since Yunhai Metal changed its name to Baowu magnesium (002182.SZ) at the end of September, the company also released its first financial report since it officially belonged to Baowu system: net profit in the first three quarters fell by more than 60% compared with the same period last year, but Q3 improved in a single quarter. Industry insiders told the Financial Associated Press that changes in the company's profitability are highly related to the fluctuations in magnesium prices this year.
According to Baowu magnesium recently disclosed, the company currently has 100000 tons of raw magnesium production capacity and 200000 tons of magnesium alloy production capacity. According to the statistics of securities firms, the above production capacity ranks first in the world.
In addition, the company plans to expand production by building 50, 000 tons of raw magnesium capacity in Chaohu, 100000 tons of raw magnesium in Wutai and 300000 tons of raw magnesium in Qingyang. With the new capacity expansion in various places, it will be able to reach the scale of 500000 tons of raw magnesium and 500000 tons of magnesium alloys.
According to the financial report, the company's operating income in the first three quarters was 5.563 billion yuan, down 21.74% from the same period last year, and the net profit attributable to it was 207 million yuan, down 64.17% from the same period last year.
However, Q3 showed an improvement in net profit in a single quarter. Q3 realized operating income of 2.03 billion yuan, down 5.27% from the same period last year, up 10.42% from the previous year, and net profit attributable to 86.1162 million yuan, up 12.77% from the same period last year and 21.78% from the previous year.
Some industry analysts told the Financial Associated Press that Yunhai Metal's profits are highly dependent on magnesium prices, and mainly come from magnesium smelting links. Magnesium prices fluctuated sharply in the past two years. Last year, the company benefited from high magnesium prices, and the company made a good profit performance. since then, magnesium prices have fallen sharply, so the overall profit level of the company's magnesium alloy deep processing products has declined this year.
According to Wind data, the average price of magnesium ingots reached more than 30000 yuan / ton in April this year, and then the market as a whole fell in the second quarter, about 22000 yuan / ton at the end of June, and gradually rose during the third quarter, nearly 26000 yuan / ton at the end of September. However, there is still a big gap compared with last year's high of more than 50000 yuan / ton.
Recently, on the investor interactive platform, Baowu magnesium also said that magnesium metal prices have risen month by month since the second half of this year, and orders have increased in the second half of this year compared with the first half.
It is worth mentioning that Baowu magnesium announced in September that the company's controlling shareholder was changed to Baosteel metal and the actual controller was changed to SASAC of the State Council. Behind Baosteel Metal Strategic holding Company, Baosteel, which is regarded by the industry as the leader of China's automobile plate, has further consolidated its position in the automobile supply chain by marching into the magnesium-aluminum industry.
At the performance presentation meeting of Baosteel shares this year, the company also proposed to reshape the competitiveness of its automobile plates, noting that the original competitiveness of Baosteel automobile plates was mainly reflected in joint venture brands, but China's own brands and new forces of new energy vehicles have risen in recent years. Production and sales of this part have greatly increased.
Baowu magnesium industry is making up for this lack of competitiveness for Baosteel, which can form the complementarity of industrial resources. Baowu magnesium recently disclosed that it has provided dashboard brackets for the XPeng Inc. G6 and rear seat bracket crossbeams for the M7. The company said that the magnesium alloy seat support beam can not only significantly reduce the weight of the car body, but also has the effect of sound insulation, noise reduction and shock absorption.
At the company's investor relations activity in October, Baowu magnesium also introduced that this year, the company has successfully trial-produced two types of super-large new energy vehicle structures, namely, integrated body castings and battery box covers, both of which have a projection area greater than 2.2 inches. The successful trial production of super-large magnesium alloy structures is of great strategic significance to the application of magnesium alloys in automotive, construction, aerospace and other industries. The follow-up company will cooperate with customers in research and development, trial and mass production.
