On the evening of May 24, JXJL Permanent Magnet Technology Group issued an announcement that the company will invest 1 billion yuan in high-end magnet projects in the field of new energy vehicles and 3C with an annual output of 3,000 tons.
JXJL is committed to the research and development, production and sales of high-performance NdFeB permanent magnet materials, focusing on new energy and energy saving and environmental protection applications. According to the company, it is currently the world's leading supplier of high-performance magnets for wind power applications.
In 2019, benefiting from the growth of China's wind power industry demand and the growth of JXJL's overseas wind power business, the company's wind power revenue reached 855 million yuan, doubling year-on-year.
High-performance NdFeB permanent magnet materials belong to China's key new materials and high-tech products, and have been strongly supported by relevant national industrial policies. High-performance NdFeB permanent magnet materials are mainly used in new energy and energy saving and environmental protection fields, such as wind power generation, new energy vehicles and auto parts, energy-saving inverter air conditioners, energy-saving elevators, robots and intelligent manufacturing, 3C, etc., all in line with national vigorous advocacy The concept of energy conservation and environmental protection is of great significance for the country to achieve energy conservation and emission reduction goals.
The market demand for high-performance NdFeB permanent magnet materials is also showing a rapid growth trend. Public data shows that in 2019, China's wind power market has increased its new hoisting capacity to the second-highest level in history. Among them, offshore wind power increased by 2.7GW, a growth rate of 57%.
JXJL stated that in the future, with the implementation of new energy efficiency standards, high-efficiency inverter air conditioners will gradually replace traditional low-efficiency fixed-frequency air conditioners and become the mainstream market. High-performance NdFeB magnets are used as the core materials of inverter air conditioners. period. In addition, with the accelerated iteration of consumer electronic products, the 3C field also has a huge demand for magnetic materials and magnetic components.
JXJL is the world's leading supplier of magnets for wind power applications, as well as a leading supplier of new energy vehicles and energy-saving inverter air conditioners in China. At present, the company's final customers in the field of wind power are mainly Goldwind Technology and Siemens Gamesa. Goldwind Technology is the largest permanent magnet direct-drive wind turbine manufacturer in China with all core technologies. In the field of energy-saving inverter air conditioners and new energy vehicles, it has been a magnet supplier for Midea, Mitsubishi, Gree, Shanghai Highly, BYD, United Automotive Electronics, etc., and is also a supplier of auto parts magnets for the world-renowned Bosch Group for many years.
JXJL is also actively deploying energy-saving elevators, robots and intelligent manufacturing, 3C and other new energy and environmental protection fields to expand market coverage.
In 2019, JXJL achieved operating income of 1.697 billion yuan, a year-on-year increase of 31.61%, of which export sales revenue was 281 million yuan, a year-on-year increase of 58.65%. Among them, wind power revenue reached 855 million yuan, a year-on-year increase of 121.40%, and energy-saving inverter air conditioners revenue was 422 million yuan, a year-on-year increase of 13.68%, leading the global market share of energy-saving inverter air conditioners.