Group 1: Market Performance - Rare earth magnetic material stocks, including Longmag Technology, saw significant gains, with increases exceeding 10% for several companies [1] - Key performers included: - Jinli Permanent Magnet (300748.SZ) with a price of 22.57, up 7.17%, and a market cap of 256 billion [1] - Keheng Co., Ltd. (300340.SZ) at 12.55, up 6.81%, with a market cap of 26.4 billion [1] - Longmag Technology (300835.SZ) at 36.48, up 6.67%, with a market cap of 29.9 billion [1] - Guangsheng Nonferrous (600259.SS) at 54.78, up 5.29%, with a market cap of 184.3 billion [1] Group 2: Industry Developments - China has implemented export controls in the rare earth sector, causing global automotive manufacturers to express concerns and consider relocating some production to China [2] - The introduction of a tracking system for the rare earth magnet industry indicates that export controls may become a long-term policy [2] Group 3: Price Trends and Demand - Since 2024, rare earth prices have been low, but the introduction of export controls has led to a significant price increase for overseas medium and heavy rare earths, stimulating demand for inventory replenishment [3] - The humanoid robot market is projected to create a demand equivalent to a new rare earth permanent magnet market, with potential sales of 10 million units translating to 20-40 thousand tons of rare earth materials [3] - The primary export markets for rare earth products are Europe, Southeast Asia, Japan, and South Korea, with ongoing approval processes for export licenses [3] Group 4: Future Outlook - The global electric vehicle market is expected to grow significantly, with sales projected to reach 18.236 million units in 2024, a 24.4% increase year-on-year, with China contributing 70.5% of the total sales [4] - Continued policy support and increasing consumer acceptance are expected to drive sustained growth in the electric vehicle market, thereby increasing demand for rare earth magnetic materials [4]

Group 1 - The magnetic materials sector is experiencing a rise, with Longmag Technology (300835) increasing by over 10% [1] - Other companies such as Dadi Bear, Zhenghai Magnetic Materials (300224), Tianhe Magnetic Materials (603072), Ningbo Yunsheng (600366), and Galaxy Magnet (300127) are also seeing gains [1] - There is a notable influx of dark pool funds into these stocks [1]

Group 1 - The core viewpoint of the articles highlights the positive operational developments of listed companies in the second quarter of 2025, showcasing advancements in various sectors such as semiconductors, robotics, new energy, and new materials [2][3] - Companies are actively sharing updates on project progress, new technologies, and orders, indicating a trend of industrial upgrades and strategic transformations [2][3] - High-growth sectors continue to exhibit strong growth momentum, while cyclical industries are seeking balance amid supply-demand adjustments [3] Group 2 - Chip companies are benefiting from the AI industry, with interconnect chip orders exceeding RMB 12.9 billion as of April 22, 2025, and expectations for significant growth in DDR5 memory interface chip demand [4] - Traditional cyclical industries like coal and chemicals are showing resilience through cost control and structural optimization, with companies like Guanghui Energy anticipating stabilization in coal prices due to various market factors [4][5] - Manufacturing companies are focusing on improving production efficiency and meeting customer demands, with firms like Xinqianglian and Guangxin Materials reporting strong order backlogs and plans for product launches [5] Group 3 - Many listed companies are already building momentum for annual revenue growth, particularly in emerging sectors like new energy and robotics, with plans for market expansion and quality enhancement through mergers and acquisitions [6] - Companies like Longmag Technology are localizing raw material supply to reduce production costs and enhance supply chain stability [6] - Hechuan Technology is actively developing humanoid robots and plans to launch new products in the second half of 2025 [6] Group 4 - The new merger regulations have made acquisitions a key strategy for A-share companies to optimize resource allocation, with firms like Chenhua Co. targeting investments in new materials and fine chemical agents [7] - Guoxing Optoelectronics is focusing on upstream and downstream opportunities in the LED and optical sensing sectors, while Zhenbaodao is exploring new industries through asset acquisitions [7] - Huichuan Technology is looking for overseas acquisition opportunities, concentrating on automation, digitalization, and intelligent sectors that align with its core business [7]

Group 1: Production Capacity and Expansion Plans - The company aims to achieve a permanent magnet capacity of 60,000 tons, with a target of 50,000 tons expected this year due to ongoing upgrades in production bases in Lujing, Jinzhai, and Vietnam [2] - The Vietnam factory's permanent magnet capacity has been expanded to 10,000 tons per year, while the Thailand soft magnet factory is planned to have a capacity of 8,000 tons, with partial production expected to commence within the year [2] Group 2: Market Position and Product Applications - The company is a global leader in magnetic materials for the automotive and variable frequency appliance sectors, with soft magnetic products primarily used in electric vehicle power modules and charging stations [3] - Future strategies will focus on technological upgrades and internationalization, establishing localized production bases in Southeast Asia to enhance supply chain resilience and reduce trade barriers [3] Group 3: Impact of Trade Policies - Direct exports to the U.S. account for less than 3% of the company's total exports, indicating limited impact from U.S. tariffs on overall export scale and profit levels [3] - The company has diversified its market strategy, reducing reliance on any single market, which effectively mitigates trade risks [3] Group 4: Profitability of Overseas Operations - The high gross margin of the Vietnam factory is attributed to abundant labor resources, lower costs, and a favorable tax environment, alongside a stable production operation [4] - The company plans to maintain high gross margins through lean production and optimized cost control measures [4] Group 5: Development of Chip Inductors - The company has begun small-scale deliveries of previously won orders for chip inductors, receiving positive feedback from clients, which accelerates validation processes [4] - Ongoing research aims to enhance product performance and reliability, particularly for AI servers and data centers [4] Group 6: Future Business Outlook - The company will continue to enhance production capacity in Vietnam and improve efficiency in domestic production bases, while accelerating the construction of the Thailand factory for soft magnetic products [4] - Focus will be on developing core competitiveness in chip inductors and integrated inductors, while exploring new business growth points [4]

证券代码：300835 证券简称：龙磁科技 公告编号：2025-022 安徽龙磁科技股份有限公司 2024 年年度股东大会决议公告 本公司及全体董事保证公告内容的真实、准确和完整，公告不存在虚假记载、 误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会未涉及变更前次股东大会决议； 2、本次股东大会以现场投票和网络投票相结合的方式召开，中小投资者单 独计票。 一、会议召开和出席情况 1、股东大会届次：2024 年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次会议召集程序符合有关法律、法规、规 范性文件和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议召开时间为：2025 年 5 月 16 日下午 14:30 （2）网络投票时间为：2024 年 5 月 16 日 （2）现场会议股东出席情况 参加本次股东大会现场会议的股东及股东代表 19 人，代表股份 49,041,404 股，占上市公司有表决权股份总数的 42.3197％。 （3）网络投票情况 通过深圳证券交易所交易系统和互联网投票系统进行网络投票的股东共 66 人，代表股份 394,670 股，占公司有表决 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于安徽龙磁科技股份有限公司 2024年年度股东大会的法律意见书 致：安徽龙磁科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）和中国证券监督管理委员会《上市公司 股东大会规则》的规定，国浩律师（上海）事务所接受安徽龙磁科技股份有限公 司（以下简称"公司"）董事会的聘请，指派许航律师、乔若瑶律师出席并见证了 公司于2025年5月16日在安徽省合肥市政务区南二环路3818号天鹅湖万达广场1 号楼23层会议室召开的2024年年度股东大会，并依据有关法律、法规、规范性文 件的规定以及《公司章程》的规定，对本次股东大会的召集、召开程序、出席人 员资格、召集人资格、大会表决程序等事宜进行了审查，现发表法律意见如下： 一、本次股东大会的召集、召开程序 1、公司已于2025年4月21日在巨潮资讯网向公司股东发出了召开公司2024 年年度股东大会的会议通知。经核查，通知载明了会议的时间、地点、内容、 会议出席对象，并说明了有权出席会议的股东的股权登记日、出席会议的股东 的登记方法、联系电话和 ...

Core Insights - The metal soft magnetic powder core is a high-performance soft magnetic material with significant market potential, particularly in the context of the new energy industry, including applications in photovoltaic power generation, electric vehicles, and data centers [1][19]. Industry Overview - Soft magnetic materials are characterized by low coercivity and high permeability, making them suitable for various energy conversion devices. They can be categorized into metal soft magnetic materials, ferrite soft magnetic materials, and other types [3][6]. - The demand for metal soft magnetic powder cores in China was 82,000 tons in 2019, with a market size of 2.72 billion yuan. This is expected to grow to 201,000 tons and approximately 7.52 billion yuan by 2025 [1][19]. Market Dynamics - The global soft magnetic materials market is projected to grow from $51.4 billion in 2019 to $79.4 billion in 2024, with a compound annual growth rate (CAGR) of 9.1% [14]. - The Asia-Pacific region holds the largest market share for soft magnetic materials, accounting for over 50%, followed by North America at around 24% [13]. Key Applications - Metal soft magnetic powder cores are crucial in electric vehicles, where they are used in drive motors, onboard chargers, and DC/DC converters, enhancing efficiency and power density [10][17]. - The increasing production of new energy vehicles in China, which is expected to rise from 340,500 units in 2015 to 12.89 million units by 2024, is driving demand for soft magnetic materials [10]. Industry Structure - The soft magnetic materials industry has a clear supply chain, with upstream raw materials sourced from the steel and chemical industries, midstream production of soft magnetic materials, and downstream applications in power, communication, and consumer electronics [6][9]. - Major companies in the Chinese soft magnetic materials sector include Hengdian Group Dong Magnetic, Tiantong Holdings, and Zhongke Magnetic, among others [24][26]. Future Trends - The industry is moving towards high-performance and high-value-added products, driven by rapid advancements in new energy, electric vehicles, and 5G communication technologies [30]. - The push for green and low-carbon technologies is leading to an increase in the use of high-performance silicon steel and low-loss amorphous alloys in various applications [31]. - Domestic companies are accelerating the localization of key soft magnetic materials, reducing reliance on imports and enhancing the competitiveness of the industry [32].

Group 1: Financial Performance - The company's 2024 revenue increased by 9.33%, while net profit grew by 50.31%, indicating a strong growth trend [2] - R&D investment for 2024 was 65,236,050.76 CNY, accounting for 5.58% of total revenue [5] Group 2: Market Position and Strategy - The company aims to expand its production capacity of permanent magnet ferrite wet-pressed tiles to 60,000 tons, targeting high-end markets in automotive and variable frequency home appliances [3] - The company plans to enhance its market share by developing new customer groups and applications, particularly in the electric vehicle sector [3] Group 3: International Expansion - The company is expanding its production capacity in Vietnam to 10,000 tons and plans to establish a soft magnetic factory in Thailand with a capacity of 8,000 tons [3] - Future international strategies include establishing localized production bases in Southeast Asia to optimize supply chain resilience and reduce trade barriers [4][5] Group 4: Challenges and Future Outlook - The micro-inverter and accessory business saw a slight revenue decline in 2024 due to a slowdown in global photovoltaic installations and intensified competition [3] - The company will focus on high-efficiency product iterations and explore emerging markets in Latin America and Southeast Asia to enhance market share [3]

Core Viewpoint - The rapid development of the humanoid robot industry is driving a significant increase in demand for rare earth permanent magnet materials, highlighting investment opportunities in this sector [1][5]. Industry Overview - The rare earth permanent magnet concept index surged by 6.23% on May 6, indicating a strong market sentiment [1]. - Analysts suggest that the current period represents a resonance of fundamentals and sentiment in the rare earth sector, with prices expected to rise [1][5]. - The humanoid robot market is projected to experience explosive growth, providing substantial incremental space for the rare earth permanent magnet industry [1][5]. Market Dynamics - The price of dysprosium has doubled to $850 per kilogram since early April, while terbium prices have surged over 210% to $3,000 per kilogram [1]. - The demand for rare earth materials is critical in humanoid robots, particularly in servo motors, where neodymium-iron-boron magnets play a key role [1]. Company Performance - Several rare earth companies reported significant sales increases in Q1 2025, with North Rare Earth achieving a revenue of 9.287 billion yuan, a 61.19% year-on-year increase, and a net profit growth of 727.3% [3]. - Shenghe Resources reported a revenue of 2.992 billion yuan, up 3.66%, with net profit increasing by 178.09% [3]. - China Rare Earth's revenue reached 728 million yuan, a 141.32% increase, with net profit growing by 125.15% [3]. Investment Opportunities - Analysts emphasize the strategic investment opportunities in the rare earth sector, particularly for companies with high technical barriers and flexible production capacities [1][5]. - The introduction of Tesla's humanoid robot Optimus is expected to create a substantial demand for neodymium-iron-boron materials, potentially leading to a new rare earth permanent magnet market [2][4].

Core Viewpoint - Longmag Technology (300835) is expanding its production capacity in Vietnam and Thailand, focusing on enhancing its supply chain resilience and reducing trade barriers while targeting international markets [1] Group 1: Production Capacity Expansion - The permanent magnet production capacity in Vietnam is set to increase to 10,000 tons by the second quarter of this year [1] - The soft magnetic factory in Thailand is about to commence construction, which will bring the overseas soft magnetic production capacity to 8,000 tons upon completion [1] Group 2: Strategic Focus - The company plans to develop its soft magnetic industry chain around technological upgrades and international expansion [1] - Longmag Technology aims to leverage the advantages of Southeast Asia to establish localized production bases [1] - The strategy includes optimizing supply chain resilience and mitigating the impact of trade barriers, with a focus on reaching markets in Europe, America, and emerging regions [1]