Company Overview - Yingluohua Technology Co., Ltd. is located in Dongyang City, Zhejiang Province, and was established on August 4, 1997, with its listing date on August 8, 1997 [2] - The company specializes in rare earth permanent magnet materials and products, as well as motor series products [2] - The revenue composition includes: NdFeB (50.86%), motor series (25.10%), electric wheelchairs and mobility scooters (12.88%), audio speakers (7.69%), and others (3.47%) [2] Stock Performance - As of August 27, Yingluohua's stock price increased by 2.04%, reaching 12.48 CNY per share, with a trading volume of 8.22 billion CNY and a turnover rate of 5.88%, resulting in a total market capitalization of 141.48 billion CNY [1] - Year-to-date, the stock price has risen by 29.86%, with a 3.40% increase over the last five trading days, 9.76% over the last 20 days, and 21.76% over the last 60 days [2] Financial Performance - For the first half of 2025, Yingluohua reported a revenue of 1.734 billion CNY, a year-on-year decrease of 10.55%, and a net profit attributable to shareholders of 144 million CNY, a decrease of 1.16% year-on-year [2] - The company has distributed a total of 270 million CNY in dividends since its A-share listing, with 256 million CNY distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 137,800, up by 5.81%, with an average of 8,225 circulating shares per person, a decrease of 5.49% [2] - Major shareholders include Hong Kong Central Clearing Limited, Southern CSI 1000 ETF, and Huaxia CSI 1000 ETF, with significant increases in their holdings [3]

Group 1 - The stock price of Yingluohua (000795) closed at 12.64 yuan on August 25, 2025, with an increase of 5.51% and a turnover rate of 11.82% [1] - The trading volume was 1.3398 million hands, with a transaction amount of 1.664 billion yuan [1] - The net inflow of main funds was 186 million yuan, accounting for 11.18% of the transaction amount, with significant inflows from large orders [1] Group 2 - Yingluohua's total operating revenue for the first half of 2025 was 1.734 billion yuan, a year-on-year decrease of 14.73% [1] - The net profit attributable to shareholders was 144 million yuan, a year-on-year increase of 0.52%, while the non-recurring net profit was 114 million yuan, a decrease of 16.05% [1] - The company's liquidity ratios include a current ratio of 2.469, a quick ratio of 1.721, and a debt-to-asset ratio of 32.33% [1] Group 3 - Yingluohua Technology Co., Ltd. was established in 1997 and is located in Jinhua City, primarily engaged in technology promotion and application services [2] - The company has a registered capital of 1.133684103 billion yuan and the same amount for paid-in capital [1] - The legal representative of the company is Wei Zhonghua [1] Group 4 - Yingluohua has made investments in 25 enterprises and participated in 10 bidding projects [2] - The company holds 69 trademark registrations and 30 patent registrations, along with one administrative license [2]

Industry Overview - The rare earth sector has seen a significant rise, with companies like San Chuan Wisdom and Northern Rare Earth reaching their daily limit up [1] - Rare earth elements are critical materials for high-tech, defense, and new energy sectors, with China holding approximately 44 million tons of rare earth oxides, accounting for 40% of global reserves [1][2] - China is the largest producer of rare earths, with a production of 210,000 tons in 2023, representing nearly 70% of global output [1] Regulatory Developments - The Ministry of Industry and Information Technology, along with other governmental bodies, has released interim measures for the total quantity control of rare earth mining and processing [2] - These measures will regulate the entire chain from mining to processing, emphasizing total quantity control, enterprise access, and environmental requirements [2] Price Trends - Rare earth prices have surged, with praseodymium oxide reaching 657,500 CNY per ton, an increase of 110,000 CNY from the beginning of the month, marking a rise of over 20% [3] - Neodymium oxide prices also increased significantly, with a year-to-date rise of 62.95% [3] - The price of neodymium-iron-boron magnets has also seen substantial growth, with N35 grade magnets priced at 144.5 CNY per kilogram, reflecting a 51.3% increase year-to-date [3] Demand Drivers - The demand for rare earths is being driven by the rapid growth in sectors such as electric vehicles, wind power generation, and energy-efficient motors [4] - The global supply-demand imbalance for rare earths is expected to persist, with projections indicating a shortfall in praseodymium and neodymium supply by 2025-2026 [4] Company Insights - Northern Rare Earth is one of the largest suppliers of light rare earth products and is part of China's six major rare earth groups [5] - Zhongke Magnetic Materials focuses on the research, production, and sales of permanent magnetic materials, being a significant player in the domestic market [5] - China Rare Earth Holdings is the only listed platform for China Minmetals and is a leading enterprise in the separation of heavy rare earths [5] - Other notable companies include Galaxy Magnetics, Benlang New Materials, and Xiamen Tungsten, all of which are involved in various aspects of the rare earth supply chain [5]

Financial Performance - The company's total revenue for the first half of 2025 was 1.734 billion yuan, a decrease of 14.73% year-on-year [1] - The net profit attributable to shareholders was 144 million yuan, an increase of 0.52% year-on-year [1] - In Q2 2025, total revenue was 894 million yuan, down 21.46% year-on-year, while net profit was 75.128 million yuan, a decrease of 2.47% year-on-year [1] - The gross margin increased by 10.4% year-on-year to 20.88%, and the net margin increased by 14.84% year-on-year to 8.47% [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 126 million yuan, accounting for 7.24% of revenue, an increase of 18.83% year-on-year [1] - The company's operating cash flow per share was 0.05 yuan, a significant decrease of 74.15% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents decreased by 10.44% year-on-year to 693 million yuan [1] - Accounts receivable decreased by 11.52% year-on-year to 863 million yuan [1] - Interest-bearing debt decreased by 35.39% year-on-year to 262 million yuan [1] Investment and Returns - The company's return on invested capital (ROIC) was 7.21%, indicating average capital returns [3] - The historical median ROIC over the past 10 years was 3.95%, with five years of losses since the company went public [3] Cash Flow Analysis - Net cash flow from operating activities decreased by 74.15% due to reduced cash received from sales and tax refunds [1] - Net cash flow from investing activities decreased by 119.11% due to a reduction in cash received related to investment activities [2] - Net cash flow from financing activities increased by 69.13% due to a significant decrease in cash used for debt repayment [4] Business Model and Operations - The company's performance is primarily driven by research and development [5] - The company has two production bases for magnetic materials, with a total capacity of approximately 13,000 tons and an 80% utilization rate [5] - The export ratio of magnetic materials is around 20-30%, with applications in automotive, high-end audio, energy-saving motors, and smart consumer electronics [5]

Core Viewpoint - The recent financial report of Yingluohua (000795) indicates a decline in total revenue while showing slight improvement in net profit, highlighting mixed performance in profitability metrics [1] Financial Performance Summary - Total revenue for the first half of 2025 was 1.734 billion yuan, a decrease of 14.73% year-on-year [1] - Net profit attributable to shareholders was 144 million yuan, an increase of 0.52% year-on-year [1] - In Q2 2025, total revenue was 894 million yuan, down 21.46% year-on-year, while net profit was 75.128 million yuan, a decrease of 2.47% year-on-year [1] - Gross margin improved to 20.88%, up 12.43% year-on-year, and net margin increased to 8.47%, up 22.55% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 126 million yuan, accounting for 7.24% of revenue, an increase of 18.83% year-on-year [1] - Earnings per share remained at 0.13 yuan, with a year-on-year increase of 2.02% [1] Cash Flow and Other Financial Metrics - Operating cash flow per share decreased significantly to 0.05 yuan, down 74.15% year-on-year [1] - The company reported a 46.21% decrease in income tax expenses due to certain profitable subsidiaries offsetting previous losses [3] - Net cash flow from operating activities decreased by 74.15%, attributed to reduced cash receipts from sales and tax refunds [3] - Investment cash flow saw a drastic decline of 119.11%, linked to a decrease in cash received related to investment activities [3] - The company’s return on invested capital (ROIC) was 7.21%, indicating average capital returns [4] Business Model and Market Position - The company relies heavily on research and development for its business performance, which requires careful analysis of the underlying drivers [4] - The company has two production bases for magnetic materials, with a capacity of approximately 13,000 tons and an 80% utilization rate [5] - In 2024, the company sold over 6,200 tons of magnetic materials, with exports accounting for 20-30% of total sales [5] - The magnetic products are primarily used in automotive, high-end audio, energy-efficient motors, and smart consumer electronics sectors [5]

公司最新资产负债率为32.33%，较去年同期资产负债率减少0.87个百分点。 2025年8月20日，英洛华(000795.SZ)发布2025年中报。 公司营业总收入为17.34亿元。归母净利润为1.44亿元，较去年同报告期归母净利润增加75.05万元，实 现2年连续上涨，同比较去年同期上涨0.52%。经营活动现金净流入为6051.61万元。 公司最新总资产周转率为0.43次。最新存货周转率为1.71次。 公司股东户数为13.78万户，前十大股东持股数量为5.84亿股，占总股本比例为51.52%，前十大股东持 股情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | T | 横店集团控股有限公司 | 39.48% | | 2 | 横店集团东磁有限公司 | 8.65% | | 3 | 浙江横店进出口有限公司 | 1.07% | | | 香港中央结算有限公司 | 0.57% | | 4 5 | 招商银行股份有限公司-南方中证1000交易型开放式指数证券投资基金 | 0.55% | | ଚ | 招商银行股份有限公司-华夏中证1000交易型开放式指数证券投资基金 | 0.33% ...

证券日报网讯 8月19日晚间，英洛华发布公告称，2025年8月18日，公司与中国银行股份有限公司东阳 支行签订《最高额保证合同》，为全资子公司赣州市东磁稀土有限公司下属子公司浙江东阳东磁稀土有 限公司办理授信业务提供连带责任保证，担保最高债权额为人民币8，000万元。同日，公司与中国银行 签订《最高额保证合同》，为全资子公司浙江英洛华磁业有限公司办理授信业务提供连带责任保证，担 保最高债权额为人民币5，000万元。 （文章来源：证券日报） ...

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 1.38 yuan per 10 shares to all shareholders [1] - The total number of shares after deducting repurchased shares is 1,097,380,974 [1] - The total cash dividend distribution amount is 151,438,574.41 yuan [1]

8月19日英洛华发布2025半年度分配预案，拟10派1.38元（含税），预计派现金额合计为1.51亿元。派现 额占净利润比例为105.20%，这是公司上市以来，累计第6次派现。 公司上市以来历次分配方案一览 | 日期 | 分配方案 | 派现金额合计（亿元） | 股息率（%） | | --- | --- | --- | --- | | 2025.06.30 | 10派1.38元（含税） | 1.51 | 1.21 | | 2024.12.31 | 10派1.24元（含税） | 1.36 | 1.27 | | 2023.12.31 | 10派0.271427元（含税） | 0.30 | 0.39 | | 2022.12.31 | 10派0.802075元（含税） | 0.90 | 1.07 | | 2015.12.31 | 10转增10股 | 0.00 | 0.00 | | 2001.12.31 | 10派0.25元（含税） | 0.07 | 0.23 | | 1998.12.31 | 10送2转增4派0.5元（含税） | 0.08 | 0.36 | 证券时报·数据宝统计显示，公司今日公布了半年报，共实现营业收入 ...

（文章来源：证券日报） 证券日报网讯 8月19日晚间，英洛华发布公告称，董事会同意提名厉宝平先生为公司第十届董事会非独 立董事候选人。 ...