"Star Source Zhuomei: Company's automotive components and central control console framework products have increased applications

Star Source Zhuomei disclosed in the investor relations activity record that the company's automotive display system components, new energy vehicle powertrain components, and automotive central control console framework products have increased applications. The global primary magnesium production capacity is 1.63 million tons, with a production of 1.11 million tons. China's primary magnesium production capacity is 1.3646 million tons, with a production of 0.9333 million tons. China's magnesium ingot supply will gradually increase in the future, and prices will tend to stabilize. The domestic usage of magnesium alloy in single vehicles is much lower than in North America and other regions, providing significant room for growth. The company is enhancing its competitiveness through first-mover market advantages and integrated services, continuously exploring innovative research and development to achieve a leading position in the industrial chain layout."