Where is Jiangxi Jinli permanent magnet sacred? Unexpectedly, General Secretary Xi was allowed to investigate and inspect the first stop.

SMM5, 21 March: general Secretary Xi Jinping went to Jiangxi on the 20th to inspect and investigate. He first inspected Jiangxi Jinli permanent Magnet Science and Technology Co., Ltd., which is located in Ganzhou City, to understand the production and management of enterprises and the development of rare earth industry in Ganzhou City.

Jiangxi is located in central China. It is rich in ionic medium and heavy rare earths and is mainly distributed in Ganzhou, Jiangxi Province and Longyan, Fujian Province, which is close to Ganzhou. The ion adsorption medium rare earth and heavy rare earth minerals in this area are easy to mine and extract. It has become an important production base of medium and heavy rare earths in China.

Jinli permanent magnet (stock code: 300748) mainly develops and produces all kinds of magnetic materials and related magnetic components. Rutie boron permanent magnet materials are widely used in wind power generation, new energy vehicles and auto parts, energy-saving frequency conversion air conditioning, energy-saving elevators, robots and intelligent manufacturing and other fields.

The company is the world's leading supplier of magnetic steel for wind power applications. The final customers in the wind power field are Jinfeng Technology and Siemens Gomeza, among which Jinfeng Technology is the largest permanent magnet direct drive wind turbine manufacturer with all the core technologies in China. According to the new installed capacity ranking of Chinese wind turbine manufacturers released by Bloomberg New Energy Finance in 2018, the total new hoisting capacity in China's wind power market reached 21GW in 2018, up 17% from 2017. Among them, the additional hoisting capacity of onshore and offshore wind power is 19.3GW and 1.7GW respectively. Golden Wind Technology further expanded its leading edge, adding hoisting capacity as high as 6.7GW (including 400MW offshore fans), accounting for 32 per cent of the market.

The company is also active in the layout of energy-saving elevators, robots and intelligent manufacturing and other new energy and environmental protection fields, has become one of the important high-performance magnetic steel suppliers in these fields, with strong market competitiveness. In the field of energy-saving elevators, the company is a magnetic steel supplier of Kone elevators. In the field of robotics and intelligent manufacturing, the company is a magnetic steel supplier of Bosch Rexroth and Huichuan technology.

The company released the 2018 Annual report, during the reporting period to achieve business income of 1.289 billion yuan, an increase of 41.31% over the same period last year, and operating profit of 160 million yuan, an increase of 3.24% over the same period last year. The net profit belonging to the shareholders of listed companies was 147 million yuan, an increase of 5.62 per cent over the same period last year.

Production and sales are improving, and the momentum of development is strong. In 2018, thanks to the company's energy-saving frequency conversion air conditioning, new energy vehicles and auto parts and other areas of revenue continued to maintain substantial growth, the company's production and sales situation improved, business remained sound. The production capacity of ND-Fe-B magnetic steel was 4801.47 tons, an increase of 39.11% over the same period last year, and the sales volume was 4605.81 tons, an increase of 30.69% over the same period last year. The final inventory was 272.34 tons, an increase of 50.56% over the same period last year.

High performance ND-Fe-B permanent magnet materials are mainly used in the fields of new energy, energy saving and environmental protection, such as wind power generation, new energy vehicles and auto parts, energy saving frequency conversion air conditioning, energy saving elevators, robots and intelligent manufacturing, consumer electronics, etc. All of them are in line with the concept of energy conservation and environmental protection advocated by the state, and are of great significance for the country to achieve the goal of energy saving and emission reduction. These industries will maintain a sustained and rapid growth trend in the foreseeable future, especially the new energy vehicle industry, which has maintained an growth rate of more than 50 percent over the past three years. The medium-and long-term Development Plan for the Automobile Industry, led by the Ministry of Industry and Information Technology, It is clear that the annual output of new energy vehicles in China will reach 2 million by 2020, with an average annual compound growth rate of 25.47%, which provides a broad market space for China's high-performance ND-Fe-B permanent magnet materials industry.

Rare earths, especially heavy rare earths, are the strategic resources of our country. The company is located in Ganzhou, Jiangxi Province, where heavy rare earths are mainly produced, and has established a stable cooperative relationship with local heavy rare earth manufacturers. According to the Circular on the Total Mining Control Index (first batch) of rare Earth Tungstate Mining in 2018 and the Circular on the Total Mining Control Index of rare Earth Tungsten Mine in 2018, Heavy rare earth mining quotas for local enterprises in Ganzhou accounted for about 50% of the country in 2018. In 2011, the company established a joint venture with Sichuan Jiangtong rare Earth Co., Ltd., an important light rare earth supplier, to produce ND-Fe-B strip alloy sheets to ensure the supply of light rare earths. The company has established a stable relationship with important suppliers of rare earth raw materials, and the above suppliers are able to ensure the long-term and stable supply of rare earth raw materials at competitive prices.

While investigating rare earth-related enterprises in Jiangxi, General Secretary Xi Jinping also sent a signal that General Secretary Xi attaches great importance to high-tech enterprises and national strategic resources.

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