Ningbo Yunsheng, a manufacturer of rare earth permanent magnets, increased its first-half net profit by 50.17% year on year

SMM: a few days ago, Ningbo Yunsheng released a semi-annual performance report, saying that the net profit belonging to shareholders of listed companies in the first half of 2020 was about 79.7 million yuan, an increase of 50.17 percent over the same period last year, operating income of about 992 million yuan, an increase of 22.37 percent over the same period last year, and basic earnings per share of 0.0806 yuan, an increase of 49.26 percent over the same period last year.

According to the 2019 annual report, Ningbo Yunsheng's main business is NdFeB, motor and other industries, accounting for 86.54%, 3.3% and 0.01% of revenue respectively.

The company is a national high-tech enterprise, specializing in the research and development, manufacture and sales of rare earth permanent magnet materials since 1995. The company has four production bases in Ningbo, Baotou, Beijing and Qingdao, further improving the capacity of blank production, mechanical processing and surface treatment, with an annual production capacity of 10000 tons, and is one of the major manufacturers of rare earth permanent magnet materials in China.

(1) Sintered NdFeB permanent magnet materials

1. Mobile terminal application field

During the reporting period, the share of orders for stock products such as wireless headphones and mobile phone vibration motors increased, and sales revenue in market segments increased by more than 30% compared with the same period last year. The company has stepped up the development of domestic mobile phone platform projects with obvious increments, and ensured market share by establishing strategic cooperative relations with major customers.

2. Application field of mechanical hard disk

During the reporting period, the global COVID-19 epidemic led to short-term growth in the cloud computing sector, and the company seized the opportunity to increase sales revenue by more than 30 per cent year-on-year in market segments. Internally, the company actively reduces manufacturing costs, shortens the production cycle and improves the ability of fast delivery.

3. Motor application field

During the reporting period, the company's strategy of focusing on key customers achieved remarkable results. At the same time, the demand for epidemic prevention led to an increase in demand for automation equipment and servo motors, and sales revenue in market segments increased by more than 15% over the same period last year. Through the internal cost reduction, the competitiveness of the product is enhanced.

4. Application field of acoustics

During the reporting period, the global COVID-19 epidemic led to a decline in demand for professional and consumer speakers overseas. The company responds actively, pays close attention to the domestic market, strives for domestic new product project opportunities, and makes some progress.

(2) bonded NdFeB permanent magnet materials

During the reporting period, the company increased its overall sales by adjusting its product and customer structure, and enhanced the profitability of its business department through process upgrading and cost reduction in procurement.

(3) Servo control system integrated products

During the reporting period, the company further enhanced its product competitiveness and increased its profit margin through management improvement and procurement cost reduction.

(4) main management work

During the reporting period, the company continued to promote the mechanism construction of the business department, reduce management costs and improve the operational efficiency of the organization. For emerging areas, the company has set up a special project team to incubate to the business department. Through the internal market mechanism to open up R & D and production, some business departments began to try out the amoeba model, which further enhanced the vitality of the organization.

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