BAOWU MAGNESIUM(002182) 证券之星·2025-04-25 22:49Financial Performance - In Q1 2025, the company reported total revenue of 2.033 billion yuan, an increase of 9.08% year-on-year [1] - The net profit attributable to shareholders was 28.18 million yuan, a decrease of 53.58% year-on-year [1] - The gross margin was 9.72%, down 18.14% year-on-year, while the net margin was 1.28%, down 61.32% year-on-year [1] - The company's accounts receivable reached 1.833 billion yuan, an increase of 18.91% year-on-year, with accounts receivable to net profit ratio at 1148.3% [1][3] Business Overview - The company, formerly known as Nanjing Yunhai Special Metals Co., Ltd., was established in 1993 and listed in 2007, focusing on magnesium and aluminum alloy materials production and processing [5] - It operates a complete industrial chain from mining to processing, enhancing cost structure and risk resilience [5] - The main products include magnesium alloys, aluminum extrusions, and other metal products, primarily serving the automotive, electronics, and construction sectors [5] Investment Insights - The company's return on invested capital (ROIC) was 2.44%, indicating weak capital returns [3] - Cumulative financing since listing amounts to 2.022 billion yuan, with total dividends of 689 million yuan, resulting in a dividend financing ratio of 0.34 [3] - Analysts project a performance of 566 million yuan for 2025, with an average earnings per share of 0.57 yuan [3] Fund Holdings - The largest fund holding the company’s shares is Guotou Ruijin Beautiful China Mixed A, with 1.8787 million shares, which has reduced its holdings [4] - Other funds have also adjusted their positions, indicating a mixed sentiment among institutional investors [4]