Since late October this year, the share price of Jiarui International has risen by more than 50%. According to reports, Jiarui International’s magnesium alloy die-casting products have been applied to new energy vehicles, and the company said it will cooperate with electric vehicle manufacturers to develop large magnesium alloy parts. Jiarui International also emphasized that the company’s business income in auto parts has achieved continuous growth. As of the first half of this year, the company’s revenue from the magnesium alloy die-casting segment accounted for 26.9%, and profit accounted for 37.4%.
Jiarui International is an established company in the field of die casting, which mainly provides customers with one-stop solutions for metal die casting and injection molding products. The group is headquartered in Hong Kong, with production bases in Huizhou, Shenzhen, Suzhou and Wuhu.