Jinli permanent Magnet (300748) recently issued a performance forecast for 2021, realizing a net profit of 403 million yuan to 489 million yuan belonging to shareholders of listed companies, an increase of 65% to 100% over 2020. According to the announcement, in 2021, Jinli permanent magnet production capacity was fully utilized, and its operating performance increased significantly, with operating income reaching 3.871 billion yuan to 4.355 billion yuan, an increase of 60% or 80% over 2020. Jinli permanent Magnet introduced on the investor interactive platform on January 5 that the company took into account the cost of issuing H shares in 2021, the pre-start-up costs of Baotou Company (early recruitment and training of a large number of employees), etc., which have a positive effect on the company's long-term development, and are not expected to happen again after the company's H-share listing and after Baotou Company is officially put into production.

It is noteworthy that Jinli permanent Magnet used grain boundary infiltration technology to produce more than 6000 tons of high-performance rare earth permanent magnet materials in 2021. Public data show that Jin Liyong not only magnetically mastered the industry's advanced grain boundary infiltration technology, but also used grain boundary infiltration technology to produce 4111 tons of high-performance rare earth permanent magnet materials in 2020, ranking first in the world in the grain boundary infiltration rare earth permanent magnet market. According to industry experts, the grain boundary infiltration technology can coat the rare earth amorphous alloy containing heavy rare earth powder on the product surface and make the heavy rare earth atoms diffuse from the product surface to the product center under high temperature and vacuum conditions. this technology changes the addition of some heavy rare earths from the blank process to the finished product process, and the addition mode changes from the whole magnetic addition to the grain boundary addition of magnets, so the addition amount of heavy rare earths can be greatly reduced. So as to reduce the cost of raw materials for manufacturing products. It is reported that grain boundary infiltration technology, as the core technology of high-performance NdFeB permanent magnet materials, is currently applied by no more than 10 manufacturers of rare earth permanent magnet materials in the world.

Because of its production optimization and R & D capability and the world's leading grain boundary infiltration technology, the products cover new energy vehicles and auto parts, energy-saving frequency conversion air conditioners, wind power generation, 3C, energy-saving elevators, robot and intelligent manufacturing, rail transit and many other fields, and have established long-term and stable cooperative relations with leading enterprises at home and abroad in various fields. Data show that in the new energy vehicle market, Jinli permanent magnet provides high-performance NdFeB permanent magnet to many well-known manufacturers of new energy vehicles and auto parts, including Tesla, Inc., BYD, ideal, NIO Inc., SAIC, General Motors Co, Volkswagen, Bosch Group and Nippon Electric. In the field of new energy vehicles and auto parts in 2021, Jinli permanent magnet rare earth permanent magnet material shipments can assemble about 1.24 million new energy passenger vehicles, compared with about 450000 in 2020.

In addition, based on its own industry advantages and judgment of the energy revolution, Jinli permanent magnet layout ahead of time, high-performance NdFeB permanent magnet blank production capacity increased from 7000 tons in 2018 to 15000 tons in 2021, and plans to gradually allocate resources and production capacity in 2022 on the basis of 23000 tons of high-performance rare earth permanent magnet materials, and build production bases in Ganzhou, Baotou and Ningbo. It is planned to build a production capacity of 40000 tons of high-performance rare earth permanent magnet materials by 2025.

In order to realize the complementary advantages of rare earth resources and the coordinated development of rare earth industry, Aluminum Corporation Of China Ltd Group Co., Ltd., China Minmetals Group Co., Ltd., Ganzhou rare Earth Group Co., Ltd., China Steel Research Technology Group Co., Ltd., Youyan Science and Technology Group Co., Ltd. and other two rare earth science and technology R & D enterprises jointly set up China rare Earth Group Co., Ltd. Among them, Ganzhou rare earth group is an important 6% shareholder of Jinli permanent magnet, the rare earth mining quota accounts for about 25.3% of the country's total rare earth mining quota in 2021, and the main products are medium and heavy rare earths. In addition, Jinli permanent Magnet has established a strong strategic partnership with major rare earth suppliers such as rare earths in southern China and northern China, which helps to protect the production capacity expansion of Jinli permanent Magnet at the level of raw material supply.