Group 1: Company Overview - Jiangxi Jinli Permanent Magnet Technology Co., Ltd. specializes in the R&D, production, and sales of high-performance NdFeB permanent magnet materials, serving as a leading supplier in the new energy and energy-saving environmental protection sectors [2][4]. Group 2: Key Application Areas and Major Clients - Wind Power: Permanent magnet direct-drive wind turbines with major clients including Goldwind Technology, Siemens-Gamesa, and CRRC [5]. - New Energy Vehicles: Applications in drive motors and ABS systems, with key customers like BYD and Bosch Group [5]. - Energy-saving Variable Frequency Air Conditioning: Used in air conditioning compressors, serving clients such as Mitsubishi and Midea [5]. - Robotics and Intelligent Manufacturing: Serves the servo motor market, with Bosch Rexroth as a primary client [5]. - Energy-saving Elevators: Supplies traction machines for elevators, with KONE as a major customer [5]. Group 3: Technological Advancements and Development - The company focuses on customer-oriented technology upgrades and product differentiation, leveraging its expertise in NdFeB materials to assist clients in product design and performance optimization [6][7]. - It possesses core technologies in formulation and production processes, including grain boundary penetration technology and high corrosion-resistant coatings, maintaining strong competitiveness in the industry [7]. Group 4: Response to Raw Material Price Fluctuations - The company does not own rare earth mines or engage in related separation and smelting services. To mitigate risks from rare earth price fluctuations, it employs a sales-based production model, pre-purchasing materials based on orders [7]. - It has established pricing mechanisms with key clients and maintains a safety stock of rare earth materials based on market trends [7]. - Strategic partnerships with leading companies like Ganzhou Rare Earth Group ensure a stable long-term supply of rare earth materials [7].

Sales Revenue Distribution - In the first half of 2018, the company's total sales revenue was ¥61,247.12 million, with the following distribution: - Energy-saving variable frequency air conditioning: ¥21,119.73 million (34.48%) [4] - Wind power generation: ¥16,681.43 million (27.24%) [4] - New energy vehicles and auto parts: ¥13,183.87 million (21.53%) [4] - Robotics and intelligent manufacturing: ¥3,967.15 million (6.48%) [4] - Energy-saving elevators: ¥2,006.77 million (3.28%) [4] - Others: ¥4,288.16 million (7.00%) [4] Production Capacity and Future Plans - The designed production capacity for NdFeB magnetic materials in 2017 was 6,000 tons, with ongoing projects to add 1,000 tons and 1,300 tons of high-performance magnetic steel production capacity [5][9] - By 2020, the demand for high-performance NdFeB materials in the new energy vehicle sector is expected to exceed that of the wind power sector, with an estimated annual compound growth rate of 16% from 2017 to 2020, increasing from 12,800 tons to 20,000 tons [6] Market Trends and Growth - The non-wind power sector's sales revenue from 2015 to 2017 had a compound annual growth rate of 75.11%, with specific sectors showing significant growth: - New energy vehicles and auto parts: 63.66% [8] - Energy-saving variable frequency air conditioning: 180.25% [8] - Robotics and intelligent manufacturing: 23.08% [8] - Energy-saving elevators: 32.68% [8] - The company anticipates that by 2018, sales revenue will continue to grow significantly, primarily driven by non-wind power sectors, with sales from wind power clients dropping below 30% [8] Risk Management and Supply Stability - The company has implemented measures to mitigate risks from fluctuations in rare earth material prices, including: - Adopting a production-sales model based on orders to manage procurement [6] - Establishing pricing mechanisms with key clients [6] - Maintaining a safety stock of 3-4 months of required materials [6] - Partnerships with major suppliers like Ganzhou Rare Earth Group and Sichuan Jiangtong Rare Earth ensure stable supply [7] Technological Development and Innovation - The company focuses on customer-oriented technology upgrades and product differentiation, participating in client product design to enhance performance and reduce costs [9] - Plans for the next three years include expanding production capacity, automating existing lines, and establishing a national-level technology center to enhance R&D capabilities [9]

Group 1: Company Overview - The company specializes in the research, production, and sales of high-performance NdFeB permanent magnet materials, with key applications in various sectors [4] - Major application areas include electric vehicles, energy-efficient air conditioning, wind power generation, robotics, and energy-saving elevators [4][5] - The company is a leading supplier of magnetic steel in the wind power sector globally and a key player in the domestic electric vehicle and energy-efficient air conditioning markets [4][5] Group 2: Production Capacity - The current designed raw material production capacity is 7,000 tons, with a production volume of 4,801.47 tons in 2018, indicating full capacity utilization [5] - There is an ongoing project to establish an additional annual production capacity of 1,300 tons of high-performance magnetic steel [5] Group 3: Risk Management - The company employs a sales-driven production model to mitigate risks associated with fluctuations in rare earth material prices [5] - Measures include advance procurement of raw materials based on existing orders, establishing pricing mechanisms with key clients, and maintaining a safety stock of 3-4 months' worth of materials [5] Group 4: Technological Development - The company plans to increase investment in technology research and innovation, focusing on customer-oriented product differentiation and technological upgrades [6] - The introduction of internationally advanced production equipment is aimed at enhancing production efficiency and consolidating competitive advantages in the NdFeB permanent magnet sector [6] Group 5: International Expansion - The company is actively expanding its international business, having established subsidiaries in Hong Kong, Europe, Japan, and the United States for technology exchange, logistics, and sales [6] - A consulting team led by the inventor of NdFeB permanent magnets is engaged to improve product quality and technical standards, enhancing competitiveness in international markets [6]

Group 1: Company Overview - The company is a global leader in rare earth permanent magnet materials, serving major clients in the new energy vehicle sector, including Tesla and BYD [2][3] - The company has established itself as a key supplier for well-known brands in various industries, including air conditioning and wind power [2][3] Group 2: Core Competencies - The company's competitive advantages include a leading market position in new energy and environmental protection, mature business models, stable supplier relationships, rich technical reserves, strict quality management, and an experienced management team [3] - The company has a strong focus on R&D and production of high-performance NdFeB permanent magnet materials [3] Group 3: Production Capacity and Future Plans - Current production capacity is 15,000 tons, with plans to expand to 23,000 tons by 2022 and 40,000 tons by 2025 [4] - Ongoing projects include a 3,000-ton high-end magnetic material project in Ganzhou and an 8,000-ton project in Baotou [4] Group 4: Financial Performance - In 2020, revenue from the new energy vehicle sector reached CNY 326 million, a 48.07% increase year-on-year [4] - The company achieved a revenue of CNY 879 million in the wind power sector in 2020, with a 2.78% year-on-year growth [5] - The company reported a gross margin of 25.72%, an increase of 2.07 percentage points from the previous year [6] Group 5: Market Demand and Orders - The company’s products for new energy vehicles can equip approximately 448,000 vehicles, while air conditioning products can equip around 41 million compressors [3][4] - The company has secured contracts with major clients, including Tesla, for the supply of NdFeB magnetic steel products [4] Group 6: Response to Raw Material Price Fluctuations - The company has established stable relationships with key rare earth suppliers and signed long-term supply agreements to mitigate the impact of raw material price fluctuations [6] - Measures include early procurement of raw materials, maintaining safety stock, and optimizing production processes [6]