JLMAG(SZ:300748)2023-06-18 01:16Production Capacity - The company currently has a production capacity of 23,000 tons, with plans to increase to 40,000 tons by 2025 [1] - In 2023, the company expects to maintain a high capacity utilization rate due to a significant number of orders [1] - The company is constructing an additional 12,000 tons capacity in Baotou and 3,000 tons in Ningbo, with expected completion in 2023-2024 [1] Investment Projects - The company is investing approximately $100 million in a project in Mexico to process 5,000 tons of waste magnetic steel and produce 3,000 tons of high-end magnetic materials annually [2] - The project has received necessary approvals from both Chinese and Mexican authorities, and the subsidiary in Mexico has been established [2] Revenue and Market Share - In 2022, revenue from the new energy vehicle sector reached 2.889 billion yuan, a 174.97% increase year-on-year, accounting for 40% of total revenue [2] - The company’s products can equip approximately 2.86 million new energy passenger vehicles, capturing about 28% of the global market share based on 2022 sales data [2] - In Q1 2023, revenue from the new energy vehicle sector was 804 million yuan, with sales capable of equipping around 839,000 new energy passenger vehicles [2] Technology and Innovation - The company has developed a core technology based on grain boundary diffusion, which reduces the use of heavy rare earth elements by 50%-70%, helping clients lower costs [2] - In Q1 2023, the company produced 2,719 tons of high-performance rare earth permanent magnet materials using this technology, representing 86.82% of total production [2] Market Outlook - The high-performance rare earth permanent magnet materials are essential for clean energy and energy-saving applications, aligning with national energy-saving and emission reduction goals [3] - The company is actively investing in projects to meet future market demands, including a base for energy-efficient motor materials in Ganzhou [3]