Core Viewpoint - Baowu Magnesium Industry (002182) has a diverse business portfolio that includes magnesium materials, magnesium products, aluminum products, mineral products, and construction template businesses [1] Group 1: Business Segments - The company’s main products consist of magnesium alloys, deep-processed magnesium alloy products, aluminum alloys, deep-processed aluminum alloy products, intermediate alloys, and metallic strontium [1]

Core Viewpoint - The company Baowu Magnesium has significant mineral resources that ensure stable raw material supply for its magnesium and magnesium alloy production, supporting the development of its entire magnesium industry chain [1] Resource Summary - Subsidiary Chao Lake Baomag has a limestone resource reserve of 90 million tons and is currently in operation [1] - Subsidiary Wutai Baomag has a limestone resource reserve of 580 million tons [1] - The associated company Anhui Baomag holds a limestone resource reserve of 1.3 billion tons, with partial mining already conducted [1]

Core Viewpoint - Baowu Magnesium Industry has established semi-solid casting production lines with capacities of 300 tons, 1300 tons, 1500 tons, and 3500 tons in Nanjing and Chongqing, primarily producing components for automotive and drone applications [1] Group 1 - The company has built semi-solid casting production lines in Nanjing and Chongqing [1] - The production capacities of the lines are 300 tons, 1300 tons, 1500 tons, and 3500 tons [1] - Equipment for these production lines is supplied by Yizhiming and Haitian [1] Group 2 - The main products include automotive instrument panel brackets, steering brackets, luggage rack brackets, and drone compartments [1]

Core Viewpoint - The company, Baowu Magnesium Industry, reported a significant increase in demand for magnesium alloys due to rising aluminum prices and the new national standards for electric bicycles, leading to a historical sales peak since October [1] Group 1: Company Performance - Baowu Magnesium Industry's sales volume of magnesium alloys increased by approximately 10% from October, reaching a historical high [1] - The company anticipates that the usage of magnesium in electric two-wheelers will continue to rise rapidly during the 14th Five-Year Plan period [1] Group 2: Industry Trends - The demand for magnesium alloys has significantly improved due to enhanced cost-performance ratios influenced by the rising aluminum prices [1] - The introduction of new national standards for electric bicycles is expected to further drive the demand for magnesium alloys in the industry [1]

Core Viewpoint - The company Baowu Magnesium has significant mineral resources that ensure stable raw material supply for its magnesium and magnesium alloy production, supporting the development of its entire magnesium industry chain [1] Resource Summary - Subsidiary Chao Lake Baomag has a limestone resource reserve of 90 million tons and is currently in operation [1] - Subsidiary Wutai Baomag has a limestone resource reserve of 580 million tons [1] - Associated company Anhui Baomag holds a limestone resource reserve of 1.3 billion tons, with partial mining already conducted [1]

Group 1 - Baowu Magnesium Industry announced that on February 11, 2026, it will accept investor research from institutions including Invesco Great Wall, with the general manager of Nanjing Precision, Xie Yingbin, and the company's legal representative, Du Liyong, participating in the reception and answering investor questions [1] Group 2 - The news highlights a significant interest in the company from investors, indicating potential growth and engagement in the market [1] - The involvement of high-profile investment firms suggests confidence in Baowu Magnesium Industry's future prospects [1]

Group 1: Company Overview - The company operates in multiple business segments including magnesium materials, magnesium products, aluminum products, mineral products, and construction templates [1] - The company has significant reserves of dolomite, with subsidiaries holding 0.9 million tons, 5.8 million tons, and 13 million tons, ensuring stable raw material supply for magnesium and magnesium alloy production [1] Group 2: Market Dynamics - Global aluminum prices are rising, while magnesium alloy prices remain low, enhancing the cost-effectiveness of magnesium alloys [2] - Magnesium alloy sales increased by approximately 10% since October, reaching historical highs, driven by rising demand in electric vehicles [2] Group 3: Production and Technological Advancements - The company has established semi-solid magnesium alloy casting lines with capacities of 300 tons and 1300 tons, producing components for automotive applications [2] - The company emphasizes a complete magnesium industry chain from dolomite mining to magnesium alloy recycling, enhancing product quality and market responsiveness [3] Group 4: Competitive Advantages - The company has three primary raw magnesium supply bases and four magnesium alloy supply bases, optimizing resource allocation and operational efficiency [3] - Continuous investment in technological innovation and new product development strengthens the company's core competitiveness [3]

Core Viewpoint - Baowu Magnesium Industry announced the transfer of a 40% stake in its subsidiary, Chaohu Yian Yunhai Technology Co., Ltd., with an initial valuation of approximately 116.39 million yuan [1] Group 1: Announcement Details - The board meeting on October 24, 2025, approved the proposal to publicly transfer the 40% stake in Chaohu Yian Yunhai Technology [1] - The transfer project was officially listed on the Shanghai United Assets and Equity Exchange on November 26, 2025, with a starting price based on an assessed value of 116.39 million yuan [1] - The initial public announcement period of 20 working days ended on December 24, 2025, but no qualified buyers were found [1] Group 2: Price Adjustment - On February 5, 2026, the board held another meeting to adjust the transfer price, reducing the assessed value by 10% to a minimum of 104.75 million yuan [1] - The adjusted price will be used for a new round of public listing on the Shanghai United Assets and Equity Exchange [1]

Group 1 - The company Baowu Magnesium Industry held its 14th meeting of the 7th board of directors on February 5, 2026, to discuss the annual guarantee plan for 2026 [1] - The meeting was conducted in person and reviewed several documents related to the company's operations [1]

宝武镁业科技股份有限公司独立董事 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 1 号——主板上市公司规范运作》《上市公司独立董事管理办法》等相关 法律、法规、规范性文件及公司章程的规定，我们作为独立董事，对公司提供的 《关于公司 2026 年度担保计划的议案》进行了审核，经过认真审阅该关联交易 事项相关资料，并且与公司相关人员进行有效沟通之后，我们认为：《关于公司 2026 年度担保计划的议案》的决议程序合法、合规，依据充分，符合《公司法》 《公司章程》以及相关法律法规的规定。公司（包含全资及控股子公司在内）没 有发生对控股子公司或参股子公司以外的对外担保、违规对外担保。本年度担保 计划为公司对宜安云海股权退出前的过渡期担保，被担保方股东按持股比例共同 提供担保，我们认为担保风险可控，不存在损害公司及其他股东，特别是中小股 东的利益的情形。全体独立董事一致同意将 2026 年度担保计划事项提交公司董 事会审议，关联董事在审议时需回避表决。 表决结果：同意 4 票，反对 0 票，弃权 0 票。 关于公司第七届董事会第十四次会议相关事项的 专门会议审核意见 宝武镁业科技股份有限公司 ...