Zhongke Sanhuan, a high-performance rare earth permanent magnet product, plans to raise no more than 720 million yuan through a rights issue.

Published: Jul 7, 2020 11:58

SMM: due to the needs of operation and business development, Beijing Zhongke Sanhuan Hi-Tech Co., Ltd. plans to raise no more than 720 million yuan by placing shares to the original shareholders, after deducting the issuing expenses, for the construction of the investment project, of which, the new construction and technical renovation project of Ningbo Koningda base plans to use 390 million yuan, and the new project of Ganzhou base of the third ring road of China Science and Technology plans to use 330 million yuan. Specifically used for:

After the completion of the high-performance rare earth permanent magnet material expansion and transformation project of Ningbo Ke Ningda Industrial Co., Ltd., it can form an additional annual production capacity of 1575.00 tons of sintered NdFeB magnet alloy blanks (which can be processed into qualified finished products).

After the completion of the high-performance rare earth permanent magnet material expansion and transformation project of Ningbo Koningda Hefeng New Materials Co., Ltd., it can form an additional annual production capacity of 1687.50 tons of sintered NdFeB magnet alloy blanks (which can be processed into qualified finished products).

After the completion of the magnetic material machining project of Ningbo Corningda Xinfeng Precision Manufacturing Co., Ltd., it can increase the machining capacity of 2088.00 tons of sintered NdFeB magnets per year.

After the implementation of the magnetic material electroplating park project of Ningkening Darifeng Magnetic Materials Co., Ltd., it can form a high-performance rare earth permanent magnet electroplating surface treatment capacity of 2088.00 tons / year.

After the completion of the new project of Zhongke Sanhuan Ganzhou Base, it can produce 5000.00 tons of sintered NdFeB blanks of various specifications annually, and finally form an annual production capacity of 3200.00 tons of sintered NdFeB magnets.

"Click to view details

Zhongke Sanhuan said that NdFeB magnet is the third generation rare earth permanent magnet, which has the advantages of high magnetic energy product, coercivity and high energy density, and has been widely used in modern industry and electronic technology. At present, there are two production processes of NdFeB magnet materials-sintered NdFeB and bonded NdFeB. Bonded NdFeB is magnetic and corrosion resistant in all directions, while sintered NdFeB is generally divided into axial magnetization and radial magnetization, which has a wide range of applications, but it is easy to corrosion and needs surface treatment.

China is the largest producer of NdFeB magnetic materials, accounting for more than 90% of the world's production capacity, of which sintered NdFeB magnets account for more than 90% of NdFeB magnetic materials. As NdFeB magnetic products have the characteristics of high magnetism, light and thin, energy saving and environmental protection, they will be more and more widely used in various fields in the future, and the market development prospect is promising.

At present, the company has four manufacturers of sintered NdFeB permanent magnets-Ningbo Corningda Industrial Co., Ltd., Tianjin Sanhuan Lexi New Materials Co., Ltd., Sanhuan Wakehua (Beijing) Magnetic Devices Co., Ltd. And Zhaoqing Sanhuan Jingyue Magnetic material Co., Ltd., the total design capacity is 18000 tons. For a long time in the future, the supporting role of high-performance rare earth permanent magnet materials in the field of high and new technology, the transformation of traditional industries and low-carbon economic industries will become more and more important. It is becoming the key and foundation to support China's economic transformation and great-leap-forward development.

In order to meet the development needs of the rare earth permanent magnet market, the construction of this fund-raising investment project will optimize the company's product structure and strengthen the product development and manufacturing capacity of high-performance rare earth permanent magnet materials. and enhance the production capacity of high-performance sintered NdFeB permanent magnets.

Scan the code to apply to join the SMM industry communication group:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
20 hours ago
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
Read More
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.
20 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
20 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Read More
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.
20 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
20 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Read More
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.
20 hours ago