（文章来源：证券日报） 证券日报网讯 9月4日晚间，正海磁材发布公告称，公司2025年第二次临时股东大会于2025年9月4日召 开，审议通过了《关于续聘会计师事务所的议案》等多项议案。 ...

Company Overview - Yingluohua Technology Co., Ltd. is located in Dongyang City, Jinhua, Zhejiang Province, and was established on August 4, 1997, with its listing date on August 8, 1997. The company specializes in rare earth permanent magnet materials and products, as well as motor series products [1] - The main business 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%) [1] Financial Performance - For the first half of 2025, Yingluohua achieved operating revenue of 1.734 billion yuan, a year-on-year decrease of 10.55%. The net profit attributable to the parent company was 144 million yuan, a year-on-year decrease of 1.16% [2] - Since its A-share listing, Yingluohua has cumulatively distributed cash dividends of 270 million yuan, with 256 million yuan distributed in the last three years [3] Stock Market Activity - On September 5, Yingluohua's stock price increased by 2.01%, reaching 11.14 yuan per share, with a trading volume of 145 million yuan and a turnover rate of 1.16%. The total market capitalization is 12.629 billion yuan [1] - Year-to-date, Yingluohua's stock price has risen by 15.92%, but it has seen declines of 8.99% over the last five trading days, 3.30% over the last 20 days, and 2.28% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on June 9, where it recorded a net purchase of 169 million yuan [1] Shareholder Information - As of June 30, 2025, Yingluohua had 137,800 shareholders, an increase of 5.81% from the previous period. The average number of circulating shares per person was 8,225, a decrease of 5.49% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 6.4318 million shares, and several ETFs related to the rare earth and new materials sectors, indicating a growing institutional interest [3]

Core Viewpoint - Yantai Zhenghai Magnetic Materials Co., Ltd. has decided to exercise the early redemption of its convertible bonds ("Zhenghai Convertible Bonds") due to the stock price meeting the conditions for redemption, aiming to reduce interest expenses and improve capital efficiency [2][4]. Group 1: Convertible Bond Details - The company issued 14 million convertible bonds at a face value of 100 yuan each, totaling 1.4 billion yuan, approved by the China Securities Regulatory Commission [2][3]. - The initial conversion price of the bonds was set at 13.23 yuan per share, which has been adjusted due to annual equity distribution plans [3][4]. - The bonds have a conditional redemption clause that allows the company to redeem them if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period [4][6]. Group 2: Redemption Process - The redemption price is set at 100.50 yuan per bond, which includes accrued interest calculated based on a 0.60% annual interest rate [5][6]. - The redemption will be executed on September 19, 2025, with trading of the bonds ceasing on September 17, 2025 [5][6]. - All bondholders registered with China Securities Depository and Clearing Corporation by the redemption date will be eligible for the redemption [5][6]. Group 3: Shareholder Transactions - Company executives, including the Vice President and CFO, have engaged in trading the bonds prior to the redemption conditions being met, with specific details on their holdings provided [6].

Group 1 - The company, Zhonggang Tianyuan, specializes in rare earth permanent magnet devices, soft magnetic ferrite cores, and components [1] - The main applications of the company's products are in the fields of new energy, electric vehicles (EV) EMC, automotive electronics, and wireless charging [1] - The company has no direct business dealings with Huawei or Xiaomi [1]

Group 1 - The company, Zhonggang Tianyuan, confirmed that it does not have direct business dealings with Xiaomi and Huawei [2] - The company's products, including rare earth permanent magnet devices and soft magnetic ferrite cores, are primarily used in the fields of new energy, electric vehicles, automotive electronics, and wireless charging [2]

Core Viewpoint - The company, Jinli Permanent Magnet (300748), identifies embodied robots as a significant growth point for high-performance neodymium-iron-boron magnets and motor rotors in the future [1] Group 1: Company Developments - The company has upgraded its R&D department to a dedicated division for embodied robot motor rotors, with the CEO overseeing strategic operations [1] - The company has made substantial investments in project-specific facilities, specialized equipment, and professional teams to support this initiative, achieving a certain level of scalable production capacity [1] - By the first half of 2025, the company plans to deliver small batches of products, positioning the robotics sector as a key future growth area [1]

Core Viewpoint - Zhenghai Magnetic Materials (300224.SZ) emphasizes the importance of high-performance neodymium-iron-boron permanent magnet materials as a core component for low-altitude flying vehicles' power motors, indicating a strategic focus on emerging applications in this sector [1] Group 1 - The company is closely monitoring new application scenarios in low-altitude flying vehicles and other key downstream sectors [1] - The company is committed to a market demand-oriented approach, actively seizing market opportunities to meet the needs of downstream application fields [1] - The company has begun small-scale supply of its products to the market [1]

金力永磁（300748）(06680)发布公告，截至本公告披露日，公司通过回购专用证券账户以集中竞价交 易方式累计回购公司股份366.55万股，占公司总股本的0.27%，最高成交价格为39.73元/股，最低成交价 格为30.79元/股，成交总金额为1.42亿元(不含交易费用)，实际回购时间区间为2025年8月25日至2025年9 月2日。公司本次回购金额已达回购方案中的回购资金总额下限，且不超过回购资金总额上限，本次回 购已实施完毕。 ...

Group 1 - The company, Jinli Permanent Magnet (SZ 300748), announced on September 2 that it has repurchased approximately 3.67 million shares, accounting for 0.27% of its total share capital, with a total transaction amount of about 142 million yuan [1][1][1] - The repurchase was conducted through a special securities account via centralized bidding, with the highest transaction price at 39.73 yuan per share and the lowest at 30.79 yuan per share [1][1][1] - The repurchase has reached the lower limit of the total repurchase fund as outlined in the repurchase plan, and the repurchase has been completed [1][1][1] Group 2 - For the fiscal year 2024, the revenue composition of Jinli Permanent Magnet is as follows: NdFeB magnetic steel accounts for 87.32%, while other businesses account for 12.68% [1][1][1] - As of the report date, the market capitalization of Jinli Permanent Magnet is 52 billion yuan [1][1][1]

Group 1 - The core viewpoint of the article is that Tongli Magnetic Materials primarily engages in the research and manufacturing of permanent ferrite materials and devices, with applications in automotive and home appliance motor sectors [1] - Currently, the company has not ventured into military equipment [1]