Sinomag Technology Co.Ltd(300835) 3 issued the annual report for 2021 on March 14. During the reporting period, the company achieved an operating revenue of 805 million yuan, a year-on-year increase of 43.91%; The net profit was 131 million yuan, a year-on-year increase of 92.05%.
It is reported that the company is a rapidly growing enterprise in the permanent magnet ferrite industry. At present, the scale of permanent magnet ferrite wet pressed magnetic tile ranks the second in China and the top five in the world. The main production bases are located in Jinzhai, Lujiang, Anhui and Ho Chi Minh, Vietnam, which have obvious cost advantages. With the rapid expansion of scale, the continuous progress of technology and the stability of high-quality orders, the high gross profit rate is guaranteed, the competitiveness is further strengthened, and the scale effect and cost advantage are continuously expanded. At the same time, the company actively arranges the soft magnetic industry chain and focuses on the development of soft magnetic powder materials, magnetic powder cores and high-frequency magnetic device products. The products are mainly used in photovoltaic energy storage, new energy vehicles, consumer electronics and other fields.
During the reporting period, faced with the pressure of energy supply and raw material price fluctuation, the company took various measures to actively respond to it. Closely focusing on the annual business objectives, the company further consolidated its main business, solidly built a new strategic fulcrum, deeply built the layout of Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) chain, and continuously promoted product R & D, lean management, cost reduction and efficiency increase, All financial indicators achieved good growth.
Sinomag Technology Co.Ltd(300835) said that the company will continue to cultivate the industry of permanent ferrite wet pressed magnetic tile, continuously promote technological innovation, product iteration and service upgrading, and consolidate the leading position of the company in the industry of permanent ferrite wet pressed magnetic tile. By 2024, the production capacity of permanent ferrite wet pressed magnetic tile will reach 60000 tons. While catching up with and surpassing Japan’s TDK in scale, the technology will also be close to or reach the level of TDK. While developing the permanent magnet industry, actively promote the construction and layout of the soft magnet industry chain. Soft magnetic powder, powder core and inductor are developed in an all-round way. Based on independent research and development and continuous innovation, optimize and integrate global technology and human resources, make full use of the brand advantages, technical advantages and market advantages accumulated over the years, and form the competitiveness of the whole soft magnetic industry chain as soon as possible.
