JLMAG(SZ:300748)2022-11-22 02:58Group 1: Company Overview - The company is a global leader in rare earth permanent magnet materials, serving major clients in the new energy vehicle sector, including Tesla and BYD [2][3] - The company has established itself as a key supplier for well-known brands in various industries, including air conditioning and wind power [2][3] Group 2: Core Competencies - The company's competitive advantages include a leading market position in new energy and environmental protection, mature business models, stable supplier relationships, rich technical reserves, strict quality management, and an experienced management team [3] - The company has a strong focus on R&D and production of high-performance NdFeB permanent magnet materials [3] Group 3: Production Capacity and Future Plans - Current production capacity is 15,000 tons, with plans to expand to 23,000 tons by 2022 and 40,000 tons by 2025 [4] - Ongoing projects include a 3,000-ton high-end magnetic material project in Ganzhou and an 8,000-ton project in Baotou [4] Group 4: Financial Performance - In 2020, revenue from the new energy vehicle sector reached CNY 326 million, a 48.07% increase year-on-year [4] - The company achieved a revenue of CNY 879 million in the wind power sector in 2020, with a 2.78% year-on-year growth [5] - The company reported a gross margin of 25.72%, an increase of 2.07 percentage points from the previous year [6] Group 5: Market Demand and Orders - The company’s products for new energy vehicles can equip approximately 448,000 vehicles, while air conditioning products can equip around 41 million compressors [3][4] - The company has secured contracts with major clients, including Tesla, for the supply of NdFeB magnetic steel products [4] Group 6: Response to Raw Material Price Fluctuations - The company has established stable relationships with key rare earth suppliers and signed long-term supply agreements to mitigate the impact of raw material price fluctuations [6] - Measures include early procurement of raw materials, maintaining safety stock, and optimizing production processes [6]