Core Viewpoint - Long Magnetic Technology (300835.SZ) reports positive progress in its chip inductor business, with new product development gaining customer recognition and expected batch deliveries starting in Q1 next year [1] Group 1: Chip Inductor Business - The company has successfully developed new products in its chip inductor segment, which have been recognized by customers [1] - Some products are anticipated to begin gradual mass delivery in the first quarter of next year [1] - The TLVR inductor has passed customer performance testing, and small batch orders have been received for certain products [1] Group 2: Magnetic Material Business - The company's gross margin in the magnetic material sector is at a favorable level within the industry [1] - Future strategies include optimizing product structure, controlling costs, and upgrading customers to maintain or enhance gross margins [1] - The company plans to add 10,000 tons of permanent magnet product capacity and achieve localized raw material supply [1] Group 3: Expansion and Focus Areas - Upon completion of the expansion at the Vietnam base, the total domestic and overseas permanent magnet capacity will reach 60,000 tons [1] - The company will focus on the incremental fields of new energy vehicles, industrial motors, and green energy in the ferrite permanent magnet materials sector [1]

Group 1: Chip Inductor Business Development - The company has developed a significant amount of R&D results focused on high power density, high frequency, and customized chip inductors, which are essential for AI servers, data centers, and intelligent driving applications. The demand from downstream customers is strong [1] - Several new chip inductor products are currently undergoing client testing, with expectations for some to begin mass delivery in Q1 of next year, depending on customer project lifecycles [1] Group 2: TLVR Inductor Certification and Demand - TLVR inductors, designed for low voltage and high current environments, have seen increased demand from major semiconductor manufacturers for power module development. The company has received small batch orders for several TLVR inductor products that have passed customer performance tests [2] Group 3: Magnetic Material Profitability and Trends - The company's magnetic material products maintain a strong gross margin due to technological advantages, cost control, and a focus on high-end clients such as Bosch and Valeo. Future strategies include product structure optimization and customer upgrades to sustain or improve gross margins [3] Group 4: Permanent Magnet Capacity and Global Expansion - The company aims to achieve a permanent magnet ferrite production capacity of 60,000 tons, with plans to add another 10,000 tons and localize raw material supply. The overseas production line established since 2016 has become a significant growth point for the company [4] Group 5: Technical Progress in Ferrite Permanent Magnet Materials - Continuous advancements in R&D, process innovation, and smart manufacturing are driving the company towards high-end value chain upgrades. Ferrite permanent magnet materials are being applied in various sectors, including automotive and green energy, with a focus on new applications in electric vehicles [6]

Group 1: Investor Relations Activity Overview - The company guarantees the authenticity, accuracy, and completeness of the announcement content, assuming legal responsibility for any misrepresentation or omissions [2] - The investor relations activity is categorized as "Other," specifically the Hubei Listed Companies 2025 Investor Collective Reception Day [3] - The event will take place on June 12, 2025, via a remote network format, allowing investors to participate through various online platforms [3] Group 2: Key Participants - Attendees include investors participating in the Hubei Listed Companies 2025 Investor Collective Reception Day [3] - Company representatives include Chairman Xu Honglin, Director and Secretary Zhang Qing, and Director and Financial Officer Chen Ming [3] Group 3: Response to Raw Material Price Fluctuations - The company primarily uses iron, copper, tin, and neodymium-iron-boron rare earth materials as raw materials, which significantly impact product pricing [4] - To mitigate risks from raw material price fluctuations, the company employs a pricing strategy based on raw material costs plus processing fees, aiming to maintain stable profit margins [4] - In 2023, the company initiated hedging activities for copper and tin to protect against price volatility, effectively reducing operational risks [4] - The cost of raw materials for iron-based powder metallurgy parts and ferrite permanent magnets constitutes a lower percentage of total costs, resulting in minimal impact from price fluctuations [4]

Group 1: Investor Relations Activity Overview - The company held an earnings briefing on May 7, 2025, via an online platform [3] - Participants included the chairman, general manager, board secretary, financial officer, and sponsor representative [3] Group 2: Research and Development Investment - In 2024, the company invested ¥8,477,019.56 in R&D, developing over 10 new products [4] - New products include rare earth permanent magnet materials and powder metallurgy products, with some already in mass production [4] Group 3: Revenue Contribution and Growth - The contribution of new products to revenue is expected to increase in the coming years as production scales up [4] - The company's main business revenue grew by 7.65% year-on-year in 2024 [5] Group 4: Quarterly Performance Fluctuations - The company experienced fluctuations in revenue and net profit across quarters, with Q4 showing a year-on-year increase of 7.93% in revenue and 4.62% in net profit [4] - These fluctuations are attributed to market cycles [4] Group 5: Future Business Strategies - The company plans to leverage products from fundraising projects, such as iron oxide permanent magnets and rare earth magnets, to drive future revenue growth [5] - Currently, there are no plans for product exports, but future considerations will depend on market conditions [5]