Jintian Copper Industry's capacity utilization is at a high level. Rare earth permanent magnet project will be put into production in 2023.

Recently, founder Securities, Changxin Fund and other research institutions conducted a survey of Jintian Copper. According to Jintian Copper, in 2020, the company's main business income from copper wire (row) accounted for about 40%, 45%. Copper tube main business income accounted for about 15%, 20%, copper rod, electromagnetic wire, copper plate and strip main business accounted for about 10% each. From the composition of gross profit, the top ones are copper bar, copper wire (row), copper tube, copper strip and electromagnetic wire.

In 2020, the company's copper production reached 1.38 million tons, an increase of 25% over the same period last year. Even in the company's "annual production of 40,000 tons of high-precision copper alloy strip project", "annual production of 350000 tons of high-conductivity and high-toughness copper wire project" and other IPO investment projects gradually put into production, the company's capacity utilization rate in 2020 is still at a high level. At present, the company has sufficient orders, and the production and sales of all kinds of products are at a high level. The company mainly has six major production bases in Ningbo Jiangbei District, Cixi Hangzhou Bay New area, Jiangsu, Guangdong, Chongqing and Vietnam. In 2020, the production capacity of the company's copper products is about 1.34 million tons, and the production capacity of all kinds of copper products in Ningbo is more than 1 million tons. In order to better cover the Pearl River Delta and southwest markets, the company has built new projects in Guangdong and Chongqing, all of which are carried out as planned, of which the convertible bond project "Guangdong Jintian Copper High-end Copper-based New Materials Project" is expected to be put into production in 2021. After the project is put into production, the company will further increase the scale of the existing production base; at the same time, East and South China are important gathering places for the company's main product application areas (electric power, home appliances, automotive motor, new energy vehicles, wires and cables, etc.). The company's establishment of a production base in Guangdong is conducive to expanding the market and improving the company's core competitiveness.

In terms of rare earth permanent magnets, Jintian Copper said that the company's rare earth permanent magnet materials are mainly used in wind power generation, new energy vehicles, industrial motors, consumer electronics, medical devices and other fields. The "annual production of 8000 tons of high-end manufacturing high-performance rare earth permanent magnet materials" project invested by the company in Baotou is implemented in two phases, of which the first phase is 4000 tons, which is expected to be put into production in 2023. After the Baotou project reaches production, the company's production capacity will be further improved, which will help to enhance the market competitiveness of the company's rare earth permanent magnet materials business. The company has established a national enterprise technology center and a national postdoctoral research workstation, presided over and participated in the formulation of 35 national / industry standards, and has 112 authorized invention patents. Ketian Magnetic Industry mainly produces rare earth permanent magnet materials, and has grown into one of the enterprises with high technical level and complete product series among its domestic counterparts. Ketian COXMAG brand NdFeB permanent magnet is recognized as Zhejiang famous brand products. In 2020, in the field of high-end magnetic materials, the project "Development of NdFeB permanent magnet materials with high performance and high service characteristics for motors" won the third prize for scientific and technological progress.