Baowu Magnesium's Chaohu Precision sees strong Q1 performance
2025-04-16 15:30:50 [Print]
Despite the traditional off-season for the magnesium alloy processing industry, Chaohu Yunhai Light Metal Precision Manufacturing Co., Ltd., a subsidiary of Baowu Magnesium, delivered strong year-on-year growth in revenue, output, and profit in the first quarter of 2025, achieving a solid start to the year. Data shows that the product pass rate improved by 1.5% compared to the same period last year, with March setting a new record high for product quality.
Amid the accelerating shift toward lightweight new energy vehicles, Chaohu Precision plans to further optimize its business strategy, respond flexibly to market changes, and stay on track to achieve its full-year performance targets.
Amid the accelerating shift toward lightweight new energy vehicles, Chaohu Precision plans to further optimize its business strategy, respond flexibly to market changes, and stay on track to achieve its full-year performance targets.
Magnesium Alloy AZ91D FOB China
Unit:USD/mt
China magnesium alloy producers' sales to production ratio statistics by month
Unit: %
