Zhenghai Magnetic Materials' Q3 Net Profit Soars 189.72%, High-Performance NdFeB Demand Fuels Industry Boom
Views: 1 Author: Site Editor Publish Time: 2025-11-03 Origin: Site
Corporate Performance SurgeCorporate Performance Surge
Sales of high-performance NdFeB magnets surged over 40% YoY, driven by 60% growth in EV demand and a 130% QoQ spike in overseas exports** QoQ spike in overseas exports.
Technology edge: Cost reduction via "oxygen-free process" and heavy rare earth diffusion tech, supported by capacity expansion at Nantong plant.
**Zhenghai Magnetic Materials - Zhenghai Magnetic Materials (300224.SZ): Q3 revenue reached ¥1.916 billion (+50.76% YoY), net profit ¥115 million (+189.72% YoY). Cumulative Jan-Sep net profit was ¥228 million (+20.46% YoY). .46% YoY).
Primary Driver:
Industry-Wide Demand StrengthIndustry-Wide Demand Strength
Electric Vehicles: China’s auto output/sales exceeded 3 million units in September.
Emerging Applications: Humanoid robots and eVTOLs entered small-batch production, alongside steady demand from energy-efficient appliances.
Raw Material Costs & Pricing
Rare Earth Prices: Praseodymium-neodymium oxideodymium-neodymium oxide averaged over ¥780,000/ton in Q3, with NdFeB magnet prices up 14% since early 2025.** since early 2025.
Corporate Strategy: Leading firms mitigated costs through tech upgrades; SMEs accelerated Southeast Asian capacity (e.g., Longci’s Vietnam Phase II).
Policy & Trade Dynamics
China’s Export Optimization: Streamlined licensing procedures for rare earth exports.
Global Resource Competition: Vietnam banned raw rare earth exports as "**strategic earth exports as "strategic resources"; the U.S. set a $110/kg price floor for MP Materials (75% above market rate).
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Corporate Performance SurgeCorporate Performance SurgeSales of high-performance NdFeB magnets surged over 40% YoY, driven by 60% growth in EV demand and a 130% QoQ spike in overseas exports** QoQ spike in overseas exports.Technology edge: Cost reduction via "oxygen-free process" and heavy rare earth
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