Recently, it was held in Ordos, Inner Mongolia2024 World Congress on New Energy and New MaterialsOn, the Hurun Research Institute released the2024 Hurun China Top 100 New Materials Enterprises ListThe company lists the most valuable non-state-owned companies in China's new materials sector.Baowu Magnesium Technology Co.(hereinafter referred to as "Baowu Magnesium")Successful in the list, ranked 45thThe
New materials, which refer to newly emerged materials with excellent performance and special functions, as well as materials with significantly improved performance or new functions after the improvement of traditional materials, cover a wide range and are categorized in various ways. According to the enterprises served by new materials, they are mainly divided into three categories: advanced basic materials, key strategic materials, and frontier materials. This time, Baowu magnesium industry with its complete"Dolomite mining - raw magnesium smelting - magnesium alloy melting - magnesium alloy precision casting, deformation processing - magnesium alloy regeneration and recycling"With its industrial chain layout and strong product development and manufacturing system, the company has successfully ranked among the top 100 companies and is firmly positioned in the advanced basic materials segment.
Baowu Magnesium, formerly known as Yunhai Metal, was founded in 1993, listed on the Shenzhen Stock Exchange in 2007, and renamed as Baowu Magnesium Technology Co. Since its establishment, the company has always been committed to the research and development and production of magnesium-based materials, with the vision of "becoming a global magnesium industry leader", and the mission of "creating strategic emerging industries and building a magnesium industry ecosystem", the company not only realizes the whole industry chain coverage from raw material mining to product recycling and utilization, but also makes great efforts to develop the whole industry chain. We have not only realized the whole industrial chain coverage from raw material mining to product recycling, but also vigorously implemented the innovation-driven development strategy to promote the realization of more "from 0 to 1" "from 1 to N" new breakthroughs. The company's main products include magnesium alloy, strontium metal, intermediate alloy, aluminum alloy and magnesium-aluminum alloy die casting, etc., which are widely used in the fields of aerospace, large-scale transportation, new energy automobile, green building, consumer electronics and new infrastructure, etc., of which magnesium and magnesium alloy products have the leading market share in the world.
In the wave of development of new material industry, Baowu magnesium industry actively responds to the national call, accelerates the enterprise new quality productivity shaping, and is committed to building high-end, intelligent, green and efficient magnesium industry, providing users with lightweight solutions, and contributing to green and sustainable development. According to the data of Baowu magnesium industry 2024 half-year report shows thatTotal operating revenue reached 4.075 billion yuan in January-June, up 15.37% from the same period last year., showing good market growth. The person in charge of Baowu magnesium industry said that the company will continue to promote scientific and technological innovation, increase investment in research and development, deepen the layout of the industrial chain, and enhance market competitiveness. At the same time to strengthen brand building, enhance the company's influence, market demand-oriented, talent training as the basis for promoting the sustainable and healthy development of new materials industry.
