YHCT Magnets has a place in the 28 IT projects in the Chengdu IT Industrial Function Zone that are under construction. The company will occupy an area of 50 acres in the functional zone, with a total investment of RMB 300 million, to build R & D and production bases of rare earth materials such as bonded neodymium iron boron magnets, hot-pressed neodymium iron boron magnets, samarium cobalt magnets.
"The project will be constructed in phases. It is expected to be completed in 3-5 years. After all the production is put into operation, the annual output value will reach more than 1 billion yuan, the annual profit will be 200-300 million yuan, and the annual tax will be 100-200 million yuan." Secretary Zhu Kuiwen said in an interview with reporters at the construction site that the project is a global leader and will fill a domestic gap.
The application market of bonded NdFeB magnets mainly includes automotive motors, hard disk drive spindle motors, optical disc drive spindle motors, stepper motors and various types of permanent magnet brushless DC motor rotor components.The products are widely used in automotive and information technology , Consumer electronics, energy-saving appliances, office automation and factory automation equipment.
Hot-pressed neodymium-iron-boron magnets belong to the category of high-performance neodymium-iron-boron permanent magnets and can replace part of the sintered neodymium-iron-boron magnets. They are mainly used in various types of energy-efficient motors such as automotive EPS, power tools, and servo motors.
SmCo magnet is a magnetic functional material developed in the 1960s. It has high magnetic properties, excellent temperature characteristics and corrosion resistance. It is used in military equipment, aerospace, automation control, automotive, communications, sensors, petroleum Industry, instrumentation and other industries are widely used.
It is reported that the company has been specialized in the development, production and sales of new generation rare earth permanent magnets—bonded NdFeB rare earth magnet components and components since 1993. It has been engaged in samarium cobalt magnets and hot pressing since March 2012. R & D, production and sales of NdFeB magnets.
In 2017, the company added invention patents for "a hot-pressing device for processing magnets" and "a permanent magnet rotor and a method for manufacturing the rotor". The above patents are conducive to improving product quality. In February 2018, the company's annual production capacity of 200 tons of samarium-cobalt magnet project and 300 tons of hot-pressed neodymium-iron-boron magnet project were completed. Some products have entered mass production and are further expanding the product application market.
The company expects that in the first half of 2018, the net profit attributable to shareholders of listed companies will be 77 million yuan to 88 million yuan, a decrease of 20% -30% compared with the same period of the previous year; after deducting non-recurring gains and losses, the net profit attributable to listed public shareholders The profit was 76.7 million yuan-87.7 million yuan, an increase of 35% -55% over the same period of the previous year.