龙磁科技 20260226 摘要 公司永磁铁氧体业务稳健扩张，产能五年翻倍至 5 万吨，显著高于行业 5%-10%的平均增速，主要受益于较早的海外市场布局和持续的海外产 能扩张，目前海外产能占比 1.2 万吨。 公司积极寻求第二增长曲线，从软磁业务向下游延伸至芯片电感领域， 目前国内仅 2-3 家企业具备客户验证和订单落地能力，公司将芯片电感 作为重要增长极，并积极与国内外客户对接。 芯片电感单价因规格而异，非 TLVR/VR 类产品约 3 元/颗，TLVR/VR 类 产品可达 7-14 元/颗，单颗 GPU 用量约 35-70 颗，GB200 阶段价值量 约 200 多元，若切换至 TLVR 路径，价值量可能翻倍。 公司芯片电感定增规划新增产能 1.8 亿只，项目土地厂房已具备，设备 产能投放将依据订单节奏，单品从验证到订单落地周期约半年，重点拓 展垂直供电结合 TLVR 技术路径。 海外永磁铁氧体产能稀缺性增强，主要竞争对手 TDK 和日立金属有效产 能远低于名义产能，且用工成本较高，公司越南基地扩张迅速，2023 年之前约 4,000 吨增至当前约 2 万吨。 永磁铁氧体作为基础产业长期持续投入，扩产节 ...

中国经济网北京2月24日讯 龙磁科技(300835.SZ)11日晚披露2026年度向特定对象发行A股股票预 案，本次发行的发行对象不超过35名（含），为符合中国证监会规定的证券投资基金管理公司、证券公 司、保险机构投资者、信托公司、财务公司、合格境外机构投资者，以及符合中国证监会规定的其他法 人、自然人或其他合格的投资者。证券投资基金管理公司、证券公司、合格境外机构投资者、人民币合 格境外机构投资者以其管理的二只以上产品认购的，视为一个发行对象；信托公司作为发行对象的，只 能以自有资金认购。本次向特定对象发行股票的所有发行对象均以现金的方式并以相同的价格认购本次 发行的股票。 本次发行的定价基准日为发行期首日，发行价格不低于定价基准日前20个交易日公司股票交易均价 的80%。 本次发行的股票种类为境内上市人民币普通股（A股），每股面值为人民币1.00元。本次发行的股 票将在深圳证券交易所创业板上市交易。本次向特定对象发行股票的数量按照募集资金总额除以发行价 格确定，同时本次向特定对象发行股票的数量不超过本次发行前公司总股本的30%，即不超35,774,262 股（含本数）。 公司本次向特定对象发行股票募集资金 ...

Core Viewpoint - Long Magnetic Technology (龙磁科技) is accelerating its expansion and upgrading efforts by planning to raise up to 760 million yuan through a private placement of shares to fund various projects, including the second phase of its Vietnam facility and a chip inductor manufacturing project [1][2]. Group 1: Fundraising and Project Details - The company plans to issue no more than 35 million shares, accounting for up to 30% of its total share capital before the issuance, with the funds primarily allocated to three major projects [2]. - The "Vietnam Long Magnetic Phase II Project" has a total investment of 358 million yuan, with 310 million yuan expected to be funded from the raised capital, aiming to establish a production capacity of 10,000 tons of permanent magnet ferrite wet-pressed magnetic tiles and 25,000 tons of pre-burned materials [2]. - The "Chip Inductor Manufacturing Project" has a total investment of 336 million yuan, with 250 million yuan planned to be funded from the raised capital, focusing on high-performance chip inductors for AI servers, high-end chips, and new energy vehicles [3]. Group 2: Financial Performance and Projections - From 2020 to 2024, the company's revenue is projected to grow from 559 million yuan to 1.17 billion yuan, with a net profit attributable to shareholders increasing from 68.22 million yuan to 111 million yuan, reflecting a growth rate of 109.3% and 62.71% respectively [4]. - For 2025, the company anticipates a net profit of 155 million to 200 million yuan, representing a year-on-year growth of 39.57% to 80.09%, driven by increased sales of magnetic materials and improved product structure [5]. Group 3: Research and Development - The company has invested a total of 270 million yuan in R&D from 2021 to the third quarter of 2025, with a team of over 200 researchers and more than 200 patents [6]. - The company has established a leading technological position in the permanent magnet ferrite sector, with its self-developed high-performance magnetic tiles meeting stringent automotive motor quality requirements [6].

Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

Group 1 - The rare earth permanent magnet sector is experiencing significant activity, with Longmag Technology rising over 13% [1] - Other companies such as China Rare Earth, Jiuling Technology, Zhongke Magnetic Industry, Dadi Bear, Wanlang Magnetic Plastic, Galaxy Magnet, and Jinli Permanent Magnet also saw increases [1] - The price of praseodymium and neodymium oxide continues to rise, reaching 800,000 yuan per ton, with a week-on-week increase of 9.9% and a month-on-month increase of 28.8% [1]

Group 1 - The rare earth permanent magnet sector experienced a short-term surge, with Long Magnetic Technology rising over 10% [1] - Other companies such as Shenghe Resources, Huaxin Environmental Protection, Jiuling Technology, and Zhong Rare Metals also saw increases in their stock prices [1]

Group 1 - The core point of the article is that Long Magnetic Technology (300835.SZ) experienced a stock price increase of 5.15%, reaching a historical high of 82.550 yuan, with a total market capitalization of 9.844 billion yuan [1]

Core Viewpoint - Long Magnetic Technology (龙磁科技) is pursuing a dual strategy to consolidate its main business in permanent ferrite and expand into AI-related sectors, planning to raise up to 760 million yuan through a private placement of shares [2][4]. Group 1: Fundraising and Investment Plans - The company plans to issue shares to no more than 35 specific investors, raising a total of up to 760 million yuan [4]. - The funds will be allocated primarily to two projects: 310 million yuan for the "Vietnam Long Magnetic Phase II Project" to expand overseas production capacity of permanent ferrite wet-pressed magnetic tiles, and 250 million yuan for the "Chip Inductor Manufacturing Project" [4][5]. - An additional 200 million yuan will be used to supplement working capital and repay bank loans, addressing the company's rising debt levels [5]. Group 2: Project Details - The "Vietnam Long Magnetic Phase II Project" has a total investment of 358 million yuan, which will add 10,000 tons of permanent ferrite wet-pressed magnetic tile capacity and 25,000 tons of pre-burned material capacity [5]. - The company has maintained a high sales rate of over 95% for its core product, indicating strong demand, particularly in overseas markets where supply is currently insufficient [4][5]. Group 3: AI Chip Inductor Strategy - The investment in chip inductors is a strategic move to embrace the AI wave and create a "second growth curve" for the company [6]. - The global market for AI chip inductors is projected to grow from approximately 13.9 million USD in 2024 to 158.1 million USD by 2031, with a compound annual growth rate exceeding 40% from 2025 to 2031 [7]. - The company has been developing a complete industrial layout for soft magnetic materials since 2020, focusing on chip inductors as a key product direction to meet the demands of AI applications [7][8]. Group 4: Production Capacity and Market Position - The chip inductor manufacturing project has a total investment of 336 million yuan, aiming to produce 180 million chip inductors annually [9]. - The company is currently testing multiple chip inductor products with clients, expecting to begin mass deliveries in the first quarter of 2026 [8].

Core Viewpoint - Longi Technology (300835.SZ) has announced a plan to issue A-shares to specific investors in 2026, aiming to raise a total of no more than 760 million yuan, which will be allocated to various projects and financial needs [1] Group 1 - The total amount of funds to be raised from the issuance is capped at 760 million yuan, including the principal [1] - The raised funds will be used for the second phase of the Vietnam Longi project, a chip inductor manufacturing project, replenishing working capital, and repaying bank loans [1]

Group 1 - The core viewpoint of the article is that Long Magnetic Technology (300835.SZ) has announced a plan to issue A-shares to specific investors, aiming to raise a total of no more than 760 million yuan [1] - The funds raised will be allocated to several projects, including the second phase of the Vietnam Long Magnetic project, a chip electromagnetic manufacturing project, replenishing working capital, and repaying bank loans [1]