Dragon Magnetic Technology: the production capacity of permanent magnet ferrite tiles is expected to reach 60,000 tons by 2024.

Long Magnetic Technology said in an institutional survey that the operating income in 2021 was 805 million yuan, an increase of 43.91 percent over the same period last year, and the net profit belonging to shareholders of listed companies was 131 million yuan, an increase of 92.05 percent over the same period last year. The comprehensive gross profit margin was 35.35%, an increase of 1.68% over the same period last year. The output of permanent magnet ferrite wet-pressed magnetic tiles exceeded 31000 tons, an increase of 51.41 percent over the previous year. The company's production capacity has been fully released, capacity utilization and production and marketing rates are at a high level, and scale effect has effectively reduced the unit cost of products and promoted steady growth in performance.

At present, the capital construction project has been completed and the production capacity has been released, and the construction of the 206 plant (the project in Longji Science and Technology Park) will be fully promoted in 2022, and the production capacity of permanent magnet ferrite is expected to be 40,000 tons by the end of the year. By 2024, the production capacity of the company's permanent ferrite shingles is planned to reach 60,000 tons. While catching up with and surpassing Japan's TDK in scale, the technology is also close to or up to the level of TDK.

At present, the company has formed a metal magnetic powder core production capacity of 3000 tons / year; soft magnetic ferrite design capacity of 6000 tons / year, the construction of the plant has been completed, equipment will be installed and debugged one after another, and is expected to be put into production in the third quarter of this year; the first phase of the vehicle and photovoltaic inductance project has entered the stage of small batch production, the second phase of planning and design has been completed, the land has been delivered, the company will actively promote the project construction according to the plan; At present, there are two production lines of integrated molding inductor, which can be put into production according to the progress of customer development. The company has introduced a number of experienced technical and sales talents from international and domestic benchmarking soft magnetic production enterprises. at present, the main personnel have been in place, injecting fresh blood into the company, and the team building of various projects in the soft magnetic industry chain has been basically completed.

The company is actively promoting the market development of soft magnetic and device projects, and will expand production according to market demand. The company's advantages: (1) the whole industry chain to build soft magnetic and device projects. Powder, magnetic core, inductor trinity all-round development, give full play to technical advantages, better service to customers. (2) in the market, the company has a high-quality head customer base in permanent magnet materials, especially automotive customers are famous for their high standards and strict requirements, and the company has accumulated many years of experience in supporting customers in the automotive industry. Soft magnetic and device projects have a good customer base. (3) in terms of technology, the key of soft magnetic technology lies in the level of powder preparation and magnetic core processing technology. the company has the advantage of preparing magnetic materials, and has introduced soft magnetic technical talents from Japan, Taiwan and other domestic benchmarking enterprises. through technology introduction, absorption and re-innovation, we are confident that we will reach the advanced level of the industry in the near future. (4) in terms of management, the company has many years of management experience in manufacturing, such as lean manufacturing, cost control and so on. The team and technology of permanent magnet business will give all-round support to soft magnetic business, promote the rapid development of soft magnetic business, and form the competitiveness of the whole soft magnetic industry chain as soon as possible.

In response to the problem of how to maintain the gross profit margin of companies with rising raw materials and labor costs, long Magnetic Technology said: (1) continuously improve equipment automation, improve production processes, promote technology upgrading, etc., improve product production efficiency and reduce production costs. (2) fully implement the market strategy of "big customer, large share", strengthen market development, improve market service quality, enhance customer stickiness and improve market competitiveness. (3) Lean management, optimize the layout, further integrate the advantages of the industrial chain, scientifically control costs and expenses, reduce costs and increase efficiency.

According to the research report, domestic automobile production will be 26.082 million in 2021, an increase of 3.4% over the same period last year. Although the growth of automobile production has slowed in recent years, the number of DC motors per bike has increased rapidly due to the improvement of automation and comfort demand. the annual growth rate of automobile motors is more than 10%. With the advance of the requirements of energy saving and environmental protection, the frequency conversion rate of household appliances is also increasing rapidly, which brings huge growth space to the wet piezomagnetic tiles. With the rise of labor costs, the improvement of energy prices brought about by the national dual-carbon policy and the increase in the difficulty of access for key customers, the permanent magnet ferrite industry presents a fierce competition in the low-end market and a more concentrated high-end market. The company has been focusing on the production of high-end products such as automotive motors and home appliance variable frequency motors, the existing production capacity of ferrite wet magnetic tiles is in the forefront of the domestic industry, and the new production capacity is being expanded and released in an orderly manner. the company will continue to give full play to its advantages in scale, technology and market, expand the share of existing customers and speed up the development process of new customers, and continue to increase market share.