On September 2, the Shanghai Stock Exchange disclosed that it accepted the listing application of BTTH Magnetic Technology Co., Ltd.
BTTH focuses on the fields of green energy and energy saving and environmental protection, and is mainly engaged in the research and development, production and sales of rare earth permanent magnet materials. The company's main products are high-tech products that the state encourages development, mainly high-performance neodymium iron boron permanent magnet materials and high-performance samarium cobalt permanent magnet materials. Among them, high-performance NdFeB permanent magnet materials are widely used in new energy vehicles and auto parts, wind power, energy-saving home appliances, consumer electronics, rail transit and intelligent manufacturing; high-performance samarium cobalt permanent magnet materials are mainly used in energy, wireless Communications, rail transit, aerospace and other fields.
In terms of the use of raised funds, BTTH Magnetics stated that the raised funds will be used for high-performance NdFeB industrialization projects, high-performance rare earth permanent magnet production line intelligent transformation projects, and high-performance rare earth permanent magnet materials R&D center upgrade after deducting issuance costs. Renovation projects and supplementary working capital.