300835 Sinomag Technology
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Sinomag Technology News
Dragon Magnetic Technology: 2024 Semi-Annual Report
Dragon Magnetic Technology: 2024 Semi-Annual Report Summary
Sinomag Technology (300835.SZ) released its performance for the first half of the year, with a net income of 64.6713 million yuan, a year-on-year increase of 85.06%.
Sinomag Technology (300835.SZ) released its semi-annual report for 2024, and the company achieved revenue of 5... during the reporting period.
Sinomag Technology (300835.SZ): The net income in the first half of the year was 64.6713 million yuan, a year-on-year increase of 85.06%.
Gridsum News August 28th| Sinomag Technology (300835.SZ) announced its 2024 interim report, with a revenue of 0.556 billion yuan for the reporting period, a year-on-year increase of 7.48%; net income attributable to shareholders of the listed company was 64.6713 million yuan, an increase of 85.06% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 5619.0.49 million yuan, an increase of 77.83% year-on-year; basic earnings per share was 0.5438 yuan.
Sinomag Technology (300835.SZ) is currently focused on the production and sales of permanent magnet, soft magnetic, and micro-inverter products, with a relatively small proportion of revenue from inductance products.
Sinomag Technology (300835.SZ) stated on the investor interaction platform that the company attaches great importance to the demand from emerging markets downstream, actively explores potential areas related to the soft magnetic industry chain, and invests resources on targeted product and customer development. Currently, the company focuses on the production and sales of permanent magnet, soft magnetic, and micro-inverter products, with a small proportion of revenue generated from inductive products. Please refer to the periodic reports released by the company for specific business data. The company will continuously improve its business layout and achieve high-quality development based on the overall strategic development plan.
Sinomag Technology (300835.SZ): Its main products, high-performance wet-pressed magnetic tiles, are widely used in industries such as autos and frequency conversion home appliances for micro and special electric machines.
Sinomag Technology (300835.SZ) stated on the investor interaction platform on July 29th that the company's main product, high-performance wet-pressed magnetic tiles, are widely used in industries such as autos and frequency conversion home appliances that require micro-special electric machines. Downstream customers include well-known auto electric machine manufacturers such as Germany's Bosch, Japan's Nidec Corporation sponsored ADR and Denso, France's Valeo, as well as frequency conversion home appliance electric machine manufacturers South Korea's LG and Samsung, and China's Gree. Ultimately, the end-customers include numerous globally renowned auto manufacturers.
Sinomag Technology (300835.SZ): Currently, the existing order backlog is sufficient to meet daily production needs.
Sinomag technology (300835.SZ) stated on the investor interaction platform on July 29th that the company's current order volume fully meets daily production needs, and the overall capacity utilization rate remains at a normal level.
Sinomag Technology (300835.SZ): Currently, the company's integrated inductor business accounts for a relatively small proportion.
Sinomag Technology (300835.SZ) stated on the investor interaction platform on July 19th that currently the company's proportion of integrated inductor business is relatively small. The company will continue to invest in research and development, actively send out samples for verification, make efforts to develop related markets, and fulfill information disclosure obligations in accordance with relevant regulations.
Sinomag Technology (300835.SZ): Currently, gallium nitride devices are not used in micro inverters.
Sinomag Technology (300835.SZ) stated on the investor interaction platform on July 17th that the company will continue to pay attention to the development and application of new technologies, explore their specific application and synergy in its own business field. Currently, gallium nitride devices are not used in microinverters products.
Sinomag Technology (300835.SZ): The integrated molding inductor business is currently in the customer development and product certification stage.
Sinomag Technology (300835.SZ) stated on its investor interaction platform on July 15th that the company's products are widely used in household appliances including air conditioners, refrigerators, and washing machines. The company's integrated inductor business is currently in the stage of customer development and product certification, and products are developed according to customer needs. There have been changes in revenue composition in the first quarter compared with the same period last year, comprehensive profitability indicators are improving, and the company is committed to improving operational quality and profitability, promoting higher quality and more sustainable development.
Sinomag Technology (300835.SZ) plans to gradually transfer the production capacity of Longci Electronic Jinshan Factory to production bases in Lujiang and Jinzhai, Anhui.
On July 12th, Gelonhui announced that according to the planning layout of Lvxang Town, Jinshan District, Shanghai, the government has recovered the land use right of 50 acres of Longci Electronic Jinshan factory. The company disclosed the details on the JRJ News Network on December 27th, 2023, which can be found in the "Announcement on the Signing of Relocation Compensation Agreement by Wholly-owned Subsidiaries", although the business operations of Longci Electronic on the remaining land have not been affected, the future development space is limited. Currently, the company has formed advanced production capacity of more than 0.04 million tons in its permanent magnet ferrite production bases in Anhui Province and Quang Ninh Province, Vietnam, and other production bases.
Steering Clear Of Sinomag Technology With One Better Dividend Stock Option
Sinomag Technology (300835.SZ) plans to distribute 2 yuan per 10 shares with ex-rights and ex-dividends on July 9.
Sinomag Technology (300835.SZ) announced that the proposed equity distribution for 2023 is to distribute 2 yuan RMB cash (including tax) to all shareholders for every 10 shares. The ex-dividend date is July 9, 2024.
Earnings Not Telling The Story For Sinomag Technology Co., Ltd. (SZSE:300835)
Sinomag Technology (300835.SZ): The company's current main metal soft magnetic powder material is matched with metal powder core.
Sinomag technology (300835.SZ) stated on its investor interaction platform that the company's current main metal soft magnetic powder is mainly used for metal powder cores. The company has been deeply involved in magnetic material technology for more than 30 years. Based on the long-term accumulation of technology, the company will continue to develop new products based on market and customer needs, and continuously improve product performance and market competitiveness.
Sinomag Technology (300835.SZ): The integrated molded inductor products are gradually entering customer's small-scale certifications.
Sinomag Technology (300835.SZ) stated on the investor interaction platform on June 25 that metal soft magnetic powder cores can be applied in many fields such as new energy vehicles, photovoltaics, LED, 5G communication, etc. The company's integrated molding inductor products are gradually entering small-batch certification of customers.
Sinomag Technology (300835.SZ): Shareholder, actual controller and some directors cumulatively increased their shareholding by 557,400 shares.
On June 18th, Gelunhui reported that Sinomag Technology (300835.SZ) announced that as of the date of this announcement, the controlling shareholder, actual controller, and some directors increased their shareholdings in the company by a total of 557,400 shares through the Shenzhen Stock Exchange trading system in a centralized competitive bidding manner, accounting for 0.4710% of the total share capital of the company (the total share capital has excluded the number of shares in the company's repurchase special account), with a total increase of RMB 13,278,155.
Dragon Magnetic Technology (300835.SZ): Repurchase completed, 1.50% of shares have been repurchased
Gelonghui, May 6, 丨 Longji Technology (300835.SZ) announced that as of the announcement date, the company had repurchased 1,805,270 A-shares of the company's A-share shares through a special stock repurchase account, accounting for 1.5027% of the company's total share capital of 120,139,000 shares. The maximum transaction price was 23.45 yuan/share, the minimum transaction price was 19.95 yuan/share, and the total transaction amount was 39.987.99 million yuan (excluding transaction fees such as stamp duty and commission).
Dragon Magnetic Technology (300835.SZ): Currently, the company's wet pressure magnetic tile production capacity is 45,000 tons, which will increase to 50,000 tons this year
Gelonghui, April 29丨Dragon Magnetic Technology (300835.SZ) held a conference call on April 26, 2024. Regarding the “release status and product structure of the company's permanent magnet production capacity plan,” the company replied that currently, the company's wet pressure magnetic tile production capacity is 45,000 tons, increasing to 50,000 tons during the year; the medium- to long-term target production capacity of wet pressure magnetic tiles is still 60,000 tons. In the past two years, due to the company's richer business sector, the company has gradually controlled the industrial investment balance. Release. In terms of product structure, 2023 high performance S
Dragon Magnetic Technology (300835.SZ): Soft magnetic products have now directly or indirectly entered the supply chain systems of leading domestic and foreign NEV companies
Gelonghui, April 29丨Dragon Magnetic Technology (300835.SZ) held a conference call on April 26, 2024. Regarding the “soft magnetic overseas customer situation,” the company replied that the company's soft magnetic products have now directly or indirectly entered the supply chain systems of leading domestic and foreign NEV companies. Thanks to the company's good reputation among auto parts customers, the company will continue to promote soft magnetic product certification for overseas auto parts customers. Currently, various new energy vehicle companies are also speeding up their deployment in Southeast Asia. In the future, Thailand's soft magnetic factory will take advantage of its geographical advantages to support customers nearby.
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