Today (September 21), JXJL Permanent Magnet Technology Co., Ltd. (hereinafter referred to as "JXJL Permanent Magnet") was officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market.
The prospectus of JXJL Permanent Magnet shows that the company is a high-tech enterprise integrating R & D, production and sales of high-performance NdFeB permanent magnet materials. Its products are widely used in wind power generation, new energy vehicles and auto parts, energy-saving inverter air conditioners, energy-saving Elevators, robots, and intelligent manufacturing. The company is one of the major suppliers of magnetic steel for domestic new energy vehicle drive motors. According to estimates, the market share in 2017 was about 15%. At present, the company has entered the top four motor manufacturers' supply of new energy vehicle drive motors. Chain system.
JXJL Permanent Magnet's prospectus disclosed that in terms of new energy vehicle drive motors, United Electronics and BYD are the company's main customers. The drive motors produced by related customers are used in BYD, SAIC Roewe, BAIC New Energy, Geely Zhidou, Zotye Automobile, Dongfeng Motor , Jinlong Bus and other new energy passenger cars and new energy buses mainstream brands. In addition, the company's products are also used in traditional automotive motors such as ABS, EPS, and the world-renowned automotive parts supplier Bosch Group is one of its main customers.
In addition, the prospectus shows that the field of energy-saving inverter air conditioners is the fastest growing field of JXJL Permanent Magnet. The company is already the main magnetic steel supplier of Midea, Mitsubishi Electric, Shanghai Highly, etc .; In the field of robotics and intelligent manufacturing, Bosch Rexroth, Huichuan Technology is the main customer of Jinli Permanent Magnet. In the field of energy-saving elevators, Jinli Permanent Magnet is the main magnetic steel supplier for KONE elevators. In the field of wind power, Jinli Permanent Magnet is a long-term and major magnetic steel supplier of Jinfeng Technology. In 2005, it became an important magnetic steel supplier of Siemens Geguanyu.
According to the prospectus of JXJL Permanent Magnet, the company's operating income in 2015, 2016, 2017, and January-June 2018 was 834 million yuan, 806 million yuan, 912 million yuan, and 616 million yuan; net profit attributable to shareholders of the parent company They were 103.3038 million yuan, 68.758 million yuan, 133.633 million yuan and 52.182 million yuan respectively. The specific data is as follows:
The prospectus shows that neodymium iron boron permanent magnet materials are representative of rare earth permanent magnet materials. The production of neodymium iron boron permanent magnet materials requires the use of rare earth metals extracted from rare earths. At present, China has the world's largest rare earth reserves and production. Therefore, China has the unique advantage of producing NdFeB permanent magnet materials.
At present, high-performance NdFeB permanent magnet materials are mainly used in the fields of new energy and energy conservation and environmental protection (wind power generation, new energy vehicles and auto parts, energy-saving inverter air conditioners, energy-saving elevators, robots and intelligent manufacturing, etc.) and traditional consumer electronics fields. . According to estimates, the demand for high-performance neodymium-iron-boron permanent magnet materials in China in 2016 was about 18,300 tons. Among them, the demand in the field of new energy, energy conservation and environmental protection is about 12,300 tons, and the distribution map by field is shown below:
According to the prospectus of JXJL Permanent Magnet, in the next three years, the demand for high-performance NdFeB permanent magnet materials in the domestic wind power generation sector will generally remain stable; with the explosive growth of new energy vehicles, the application of NdFeB in automotive micro special motors With continuous promotion, the demand for high-performance NdFeB permanent magnet materials in the field of new energy vehicles and auto parts will show explosive growth. It is estimated that by 2020, its proportion will exceed that of wind power generation. Consumption of continuous reduction of energy consumption, the penetration of NdFeB in energy-saving inverter air conditioners, energy-saving elevators and robots and intelligent manufacturing continue to increase, driving its demand for high-performance NdFeB permanent magnet materials steadily increasing. It is estimated that from 2017 to 2020, China's new energy and energy conservation and environmental protection industry will require a compound annual growth rate of about 16% for high-performance neodymium-iron-boron permanent magnet materials, which will increase from 128,000 tons to 20 million tons.
The prospectus of JXJL Permanent Magnet disclosed that the company intends to publicly issue no more than 41.6 million shares to the public. The amount of funds raised will be determined according to market and inquiry conditions. It is planned to invest the raised funds in the following projects according to the priority:
JXJL Permanent Magnet stated that the "newly-built 1300-ton high-performance magnetic steel project" will meet the growing demand of the downstream application market, especially new energy vehicles and auto parts, energy-saving inverter air conditioners, energy-saving elevators and robots, and intelligent manufacturing motors. Rapid development of the company, optimizing the company's existing product structure, and expanding the company's product application areas; the "Enterprise Technology Center Construction Project" will increase the company's R & D investment, improve the company's R & D conditions, introduce advanced technology and equipment and talents, and accelerate the efficiency of R & D results transformation ; "Production line automation upgrade project" will enhance the production efficiency of the company's existing production line, guarantee the quality of the company's production products, and further reduce the company's labor costs.