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Zhongke Third Ring 2021 net profit of 398 million yuan, an increase of 208.44% year-on-year

Zhongke Third Ring 2021 net profit of 398 million yuan, an increase of 208.44% year-on-year

Jiwei Network news, on March 25, Zhongke Sanhuan disclosed that the 2021 annual report showed that the company achieved operating income of 7.146 billion yuan for the whole year, an increase of 53.60% year-on-year; net profit attributable to shareholders of listed companies was 399 million yuan, an increase of 208.44% year-on-year; basic earnings per share was 0.37 yuan. The company intends to pay a cash dividend of 0.80 yuan (including tax) for every 10 shares.

Zhongke Third Ring 2021 net profit of 398 million yuan, an increase of 208.44% year-on-year

In the research and development of sintered NdFeB magnets, Zhongke Sanhuan mainly focuses on the following directions: for the special needs of high temperature, high speed, complex oil environment use of magnets for new energy vehicles, developed high-performance, high-strength, high-reliability sintered NdFeB magnets; drawing on the company's experience in hard disk drive product cleanliness management, taking the lead in establishing an automotive product cleanliness test center in line with European automotive industry standards in the industry, and incorporating product cleanliness as an important quality requirement for automotive products into the management system. Products with excellent comprehensive performance can meet the individual needs of different automotive customers;

In view of the special demand for sintered NdFeB magnets in high-end consumer applications, the relevant supporting technologies of the whole industry chain process such as materials, processing, surface treatment, magnetization, etc. have been developed; the preparation technology of high-abundance rare earth elements added to sintered NdFeB magnets has been developed to face the market demand for cost-effective and adjustable magnetic flux rare earth permanent magnets; heavy rare earth reduction technologies such as grain refinement, grain boundary diffusion technology and grain boundary regulation technology have been widely used in mass production, reducing the amount of heavy rare earth terbium and dysprosium. Thus reducing the cost of raw materials for the product.

In the research and development of bonded NdFeB magnets, the company successfully developed large-scale vacuum fast quenching equipment and supporting production lines, realized the stable mass production of high-performance fast quenching NdFeB magnetic powder, and its performance reached the same level of international advanced products, enhancing the company's competitiveness in the bonded NdFeB magnet market. At the same time, the company has also expanded the product adaptability of compression molding and injection molding, developed a new technology of magnet-metal/plastic parts integrated forming, successfully applied to new energy vehicles, energy-saving home appliance micro-motors and sensor applications, and opened up a new market for bonded NdFeB magnet applications. The successful development of anisotropic bonded NdFeB magnets will further expand the high-end application areas of bonded magnets. (Proofreading/Xiao wei)

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