Group 1: Financial Performance - In 2024, the company achieved a revenue of 1.17 billion CNY, with a net profit of 111 million CNY, representing a year-on-year growth of 9.33% and 50.11% respectively [2] - In Q1 2025, the company reported a revenue of 257 million CNY and a net profit of 28.47 million CNY, indicating stable overall operations [2] Group 2: Business Segments - The permanent magnet business is the company's pillar industry and main profit source, with production capacity expected to reach 50,000 tons this year [2] - The company has increased investment in soft magnetic business, with expectations of improved shipment volumes this year [3] Group 3: Market Strategy and Risks - Direct exports to the U.S. account for less than 3% of the company's total, minimizing the impact of U.S. tariffs on overall export scale and profit levels [3] - The company maintains a diversified market strategy, actively exploring global markets to mitigate trade risks [3] Group 4: Production Capacity and Expansion - The company aims to achieve a long-term target of 60,000 tons of permanent magnet ferrite capacity, with cautious capacity deployment based on market conditions [3] - The Vietnam factory's permanent magnet capacity has been expanded to 10,000 tons/year, while the Thai soft magnetic factory is planned to have a capacity of 8,000 tons [4] Group 5: Product Development and Innovation - The company is focusing on chip inductors and automotive inductors, responding to the growing demand in AI computing and automotive electronics [4] - Continuous optimization of product performance and quality is underway to meet diverse market needs [4]

安徽龙磁科技股份有限公司董事、监事、高级管理人员 关于 2025 年第一季度报告的书面确认意见 根据《证券法》第八十二条的要求，本人作为安徽龙磁科技股份有限公司董 事，保证公司 2025 年第一季度报告内容真实、准确、完整，不存在任何虚假记 载、误导性陈述或者重大遗漏。 董事签名： 熊永宏 熊咏鸽 朱旭东 熊言傲 左毅 曹瑞国 陈结淼 2025 年 4 月 25 日 安徽龙磁科技股份有限公司董事、监事、高级管理人员 关于 2025 年第一季度报告的书面确认意见 根据《证券法》第八十二条的要求，本人作为安徽龙磁科技股份有限公司监 事，保证公司 2025 年第一季度报告内容真实、准确、完整，不存在任何虚假记 载、误导性陈述或者重大遗漏。 监事签名： 葛志玉 魏小飞 周德满 2025 年 4 月 25 日 安徽龙磁科技股份有限公司董事、监事、高级管理人员 关于 2025 年第一季度报告的书面确认意见 根据《证券法》第八十二条的要求，本人作为安徽龙磁科技股份有限公司高 级管理人员，保证公司 2025 年第一季度报告内容真实、准确、完整，不存在任 何虚假记载、误导性陈述或者重大遗漏。 高级管理人员签名： 熊咏鸽 朱旭东 ...

证券代码：300835 证券简称：龙磁科技 公告编号：2025-021 安徽龙磁科技股份有限公司 关于举办2024年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 安徽龙磁科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 21 日在 巨潮资讯网（www.cninfo.com.cn）上披露了 2024 年年度报告全文及其摘要。为 让广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司将在价 值在线平台（https://www.ir-online.cn）举办 2024 年度业绩说明会。现将相关事项 公告如下： 一、业绩说明会召开时间：2025 年 5 月 6 日（星期二）下午 15:00-17:00。 二、出席本次年度业绩说明会的人员：公司董事、总经理熊咏鸽先生；董事 会秘书、副总经理冯加广先生；独立董事左毅先生；财务总监卢玉平先生（如遇 特殊情况，参会人员可能进行调整）。 三、召开方式：本次业绩说明会将采用网络文字互动的方式召开。投资者可 通过 https://eseb.cn/1nJ9dWZi68U 参与互动交流，并可 ...

Financial Performance - The company's revenue for Q1 2025 was ¥256,500,351.39, representing a 1.20% increase compared to ¥253,457,727.32 in the same period last year[5] - Net profit attributable to shareholders decreased by 7.50% to ¥28,471,484.12 from ¥30,778,517.19 year-on-year[5] - Basic and diluted earnings per share decreased by 6.91% to ¥0.2385 from ¥0.2562 in the same period last year[5] - Net profit for the current period was ¥26,979,773.53, down from ¥29,393,805.48 in the previous period, representing a decrease of about 4.8%[17] - The company recorded a profit before tax of ¥30,639,441.47, down from ¥31,380,644.58 in the previous period, a decrease of about 2.4%[17] Cash Flow and Liquidity - The net cash flow from operating activities significantly dropped by 87.20% to ¥3,301,286.35, down from ¥25,788,425.97 in the previous year[5] - Operating cash flow for the current period was ¥3,301,286.35, significantly lower than ¥25,788,425.97 in the previous period, indicating a decline in cash generation from operations[19] - The company reported a significant decrease in cash and cash equivalents, with a net decrease of ¥56,557,615.06, compared to an increase of ¥52,698,099.67 in the previous year[9] - The company's cash and cash equivalents decreased from ¥211,837,403.67 to ¥140,616,703.62, a decline of approximately 33.5%[14] - The net increase in cash and cash equivalents was -$56,557,615.06, contrasting with an increase of $52,698,099.67 last year[20] - The ending balance of cash and cash equivalents was $123,333,795.98, down from $185,470,376.38[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,254,919,131.45, a decrease of 1.36% from ¥2,285,914,802.44 at the end of the previous year[5] - Total assets decreased from ¥2,285,914,802.44 to ¥2,254,919,131.45, a decline of about 1.4%[15] - Total liabilities decreased from ¥1,181,534,809.32 to ¥1,118,305,945.76, a reduction of approximately 5.3%[15] - The company experienced a 70.87% reduction in current non-current liabilities due within one year, decreasing to ¥23,853,241.26 from ¥81,892,875.27[9] - Short-term borrowings increased from ¥530,535,480.60 to ¥586,359,053.79, an increase of about 10.6%[15] - The company’s long-term borrowings increased from ¥149,333,437.27 to ¥171,833,437.27, an increase of about 15.1%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,496, with the top ten shareholders holding significant stakes[10] - The company's equity attributable to shareholders increased by 3.18% to ¥1,094,872,116.41 from ¥1,061,147,213.25 at the end of the previous year[5] - The company’s total equity remained stable at ¥119,371,904.00[15] Government Subsidies and Expenses - The company received government subsidies amounting to ¥1,659,517.82, which was a decrease of 78.29% compared to the previous year[9] - Research and development expenses decreased to ¥14,948,428.09 from ¥18,553,685.76, a reduction of approximately 19%[16] Other Financial Metrics - Total operating revenue for the current period reached ¥256,500,351.39, an increase from ¥253,457,727.32 in the previous period, reflecting a growth of approximately 0.82%[16] - Total operating costs for the current period were ¥229,461,127.63, slightly lower than ¥229,498,900.89 in the previous period, showing a marginal decrease[16] - Other comprehensive income after tax for the current period was ¥4,086,139.12, compared to a loss of ¥4,005,164.08 in the previous period, indicating a positive turnaround[17] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[18]

Core Viewpoint - The surge in rare earth permanent magnet concept stocks is driven by Elon Musk's announcement regarding Tesla's collaboration with Beijing to obtain export licenses for rare earth magnets, leading to significant stock price increases in related companies [1][2][4]. Stock Performance - Key stocks in the rare earth permanent magnet sector, such as Jinli Permanent Magnet and Longmag Technology, saw substantial gains, with Jinli Permanent Magnet rising over 12% and Longmag Technology increasing by more than 8% [2][3]. - A total of 48 rare earth permanent magnet concept stocks closed higher, with Jinli Permanent Magnet leading the gains at over 10.39% [3]. Market Dynamics - The demand for rare earth permanent magnets is increasing, with a notable correlation to the human-shaped robot market, which is expected to see significant growth due to technological advancements and policy support [5][6]. - Goldman Sachs predicts that the shipment of humanoid robots will reach 890,000 units by 2030, with a compound annual growth rate of 53% from 2025 to 2030 [5]. Supply Chain and Regulatory Environment - Recent export restrictions imposed by China on rare earth materials are expected to impact the supply chain, as exporters must now apply for licenses, potentially delaying shipments [4][6]. - China controls over 85% of the global rare earth refining capacity, and current global inventories are estimated to last only 3-6 months, posing risks to production in various industries [6]. Future Outlook - The combination of supply constraints and increasing demand is likely to drive up rare earth prices, with institutions optimistic about a sustained upward trend in price levels [6].

Core Viewpoint - Tesla's production of humanoid robots, "Optimus," is impacted by China's export controls on rare earth materials, specifically affecting the supply of rare earth magnets necessary for the robots' servo motors [1][2][3]. Group 1: Impact of Export Controls - China's Ministry of Commerce announced export controls on seven categories of heavy rare earth materials, including samarium, gadolinium, and dysprosium, effective April 4 [3]. - The purpose of these controls is to safeguard national security and fulfill international obligations, reflecting China's commitment to maintaining global peace and stability [3]. Group 2: Demand for Rare Earth Materials - Tesla plans to produce thousands of "Optimus" robots this year, with each robot requiring approximately 3.5 kg of high-performance neodymium-iron-boron magnets [3][10]. - The demand for rare earth materials in humanoid robots is projected to be significant, with Goldman Sachs predicting that humanoid robot shipments could reach 890,000 units by 2030, representing a compound annual growth rate of 53% from 2025 to 2030 [9][10]. Group 3: Market Reaction - Following the announcement of export controls, rare earth permanent magnet stocks surged, with companies like Jinli Permanent Magnet and Longmag Technology seeing significant stock price increases of over 10% and 7.79%, respectively [4][6][7].

Group 1 - The rare earth sector experienced a significant rally on April 23, with Jinli Permanent Magnet rising over 10%, followed by Dragon Magnetic Technology, Ocean Motor, and Dadi Bear [1] - Jinli Permanent Magnet is a leading supplier of high-performance rare earth permanent magnet materials, with a production capacity of 23,000 tons of high-performance iron-boron permanent magnet materials annually [2] - Dragon Magnetic Technology is one of the largest producers of permanent magnet ferrite wet-pressed magnetic tiles, with a production capacity of nearly 45,000 tons [2] Group 2 - Elon Musk, CEO of Tesla, indicated that the mass production plan for the "Optimus" humanoid robot will be affected by China's rare earth export control measures, prompting Tesla to apply for export licenses for rare earth permanent magnet materials [3] - High-performance neodymium-iron-boron permanent magnet materials are essential for servo motors in humanoid robots, with each robot requiring approximately 3.5 kg of this material [4] - The global humanoid robot market is projected to reach 85.5 billion yuan by 2030, with a compound annual growth rate (CAGR) of 71% from 2021 to 2030, significantly increasing the demand for neodymium-iron-boron materials [4] Group 3 - The supply of rare earth materials is expected to remain constrained due to slowing growth in domestic mining quotas and unstable imports from Myanmar, leading to an improved supply-demand balance for rare earth magnetic materials [4] - The rare earth price index has risen by 11.12% compared to the end of 2024, indicating a potential increase in prices for rare earth permanent magnet materials [4] - The demand for rare earth permanent magnet materials is anticipated to grow due to policies promoting new energy vehicles and home appliances [4]

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Core Viewpoint - The company has reported a revenue of 1.17 billion yuan, marking a 9.33% increase year-on-year, and a net profit of 111.06 million yuan, reflecting a 50.31% growth, establishing itself as a leading supplier of magnetic materials in the automotive and variable frequency home appliance sectors [8]. Company Overview - The company specializes in the research, production, and sales of high-performance permanent ferrite magnetic tiles, primarily used in various motors for applications in automotive, home appliances, power tools, and fitness equipment [3]. - Since 2020, the company has expanded its focus to include the soft magnetic industry, developing products such as soft magnetic powders, magnetic powder cores, and chip inductors, which are utilized in photovoltaic energy storage, new energy vehicles, and consumer electronics [3]. Business Model - The company employs a make-to-order production model, organizing production based on customer orders and conducting comprehensive evaluations before creating production plans [4]. - The procurement of raw materials is aligned with production schedules, maintaining a safety stock to accommodate order increases and production cycles [6]. - The sales strategy is primarily direct sales, with contracts signed directly with customers, ensuring timely delivery and payment collection [6]. Performance Drivers and Industry Position - The company achieved a revenue of 1.17 billion yuan and a net profit of 111.06 million yuan, with significant growth in sales from the automotive and variable frequency home appliance sectors [8]. - The stable market demand in these application areas has contributed to the year-on-year sales increase of the company's main products, reinforcing its competitive position in the market [8]. Financial Data and Accounting Policies - The company will implement several accounting policy changes starting January 1, 2024, which will not affect the financial statements, including adjustments related to the classification of current and non-current liabilities and supplier financing arrangements [9]. - The company has made retrospective adjustments to its financial data due to changes in accounting policies, impacting the profit and loss statement for the year 2023 [9].

目 录 | | | 二、执业资质证书………………………………………………第 3—6 页 内部控制审计报告 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是龙磁 科技公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，龙磁科技公司于 2024 年 12 月 31 日按照《企业内部控制基本规 天健审〔2025〕1-1092 号 安徽龙磁科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了安徽龙磁科技股份有限公司（以下简称龙磁科技公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一 ...