Our company was founded in 1992, with a cumulative total investment of over 500 million yuan and 330 employees with ten - year work experience. The company focuses on the research, development, production, and sales of ferrite series products, and its products are divided into two major segments:

· Hard - magnetic segment: It mainly features high - performance permanent ferrite products, including multi - pole magnetic rings, plastic magnets, magnetic tiles, and high - performance magnetic blocks, etc.

· Soft - magnetic segment: It focuses on high - performance soft ferrite products, covering molded SMD power inductors, NR magnetic glue inductors, magnetic shielding inductors, and high - power flat - wire inductors.

These products are widely used in fields such as frequency - conversion home appliances, automotive electronics, power and new energy, industrial communication, medical electronics, and power tools. As one of the top manufacturers of ferrite magnet products in China, the company produces various magnets such as arc/block magnets, multi - pole ring magnets, radiation ring magnets, and injection magnets, and supplies goods to many international customers.

In the cooperation with home appliance industry giants, we supply key magnets to BSH (Bosch Siemens) and Nidec. In 2021, we supplied approximately 4.2 million dishwasher ring magnets to BSH, and 3.6 million in 2022. From 2022 to 2023, our market share in the multi - pole ring magnet market for BSH dishwasher circulation pumps exceeded 70%. We are the exclusive supplier of the latest - generation magnets for BSH dishwasher circulation pumps (its Japanese competitor spent three years on research and development without success), and also the exclusive supplier of rotor magnets for Nidec dishwasher circulation pumps. In addition, we cooperate with many European customers such as Sanhua - Aweco, Askoll (Italy), Copreci (Spain), and Hanning (Germany) to provide them with magnets for dishwasher and washing machine drainage pumps.

In terms of technology, the company has three world - leading technologies in dishwasher ring magnets: first, it can pass the 4 - month cold and hot water stress test of BSH; second, under the same materials, the magnetic flux performance is 5% - 6% higher; third, the compressive strength is more than 50% higher than that of competitors, and there is no cracking risk during the injection - molding process.

In the automotive industry, the company supplies magnets and stators to many well - known enterprises such as Inteva (USA), Mitsuba (Japan), Cebi (Italy), Igarashi (Japan), Hella (Germany), Brose (Germany), Mabuchi (Japan), and Denso (Japan).

The company has significant core competitiveness: the qualified rate of most magnet products exceeds 90%. The qualified rate of typical products such as block magnets for washing machines and arc magnets for air - conditioning fans is about 95%, which is 5% - 10% higher than that of most competitors. Through the optimization of mold design and manufacturing processes, the material utilization rate reaches 70% - 75%, which is about 10% higher than that of competitors. The performance of all the company's core management personnel and the virtual equity incentives are closely related to the final qualified rate and cost, continuously promoting the improvement of production efficiency and cost optimization.

The company has two production bases in Changzhou and Zhenjiang. One is a ring magnet and injection magnet manufacturing factory, and the other is a sector and block magnet manufacturing factory and powder manufacturing center. The total area of the factory is 85,000 square meters, and the total building area is about 50,000 square meters. The company sells about 300 million ring magnets, arc - shaped, sector - shaped, and block magnets every year. In 2021, the sales volume was about 300 million yuan. The related products are exported to more than 20 countries around the world, and the main markets are in China, Europe, North America, Japan, and South Korea. The product performance has reached the advanced levels of TDK FB6, FB9, and FB12.

The company's development history is as follows:

· In 1996, the company started to research, develop, and produce radial multi - pole magnetic ring magnet products for mahjong machines, and the annual output reached 1000 tons in 2001.

· In 2000, the production and sales of stator housings and components were launched.

· In 2002, through a series of technological innovations, the production yield was greatly improved, and the manufacturing cost was reduced. The company became the largest magnetic ring enterprise in China, with the market share ranking first in the country.

· In 2003, the company took the lead in developing FB9 (equivalent to TDK's FB9B) material in China and put it into mass production.

· In 2008, the production equipment for multi - pole magnetic ring magnets and arc - shaped magnets was upgraded, and the most advanced equipment at that time was introduced and developed.

· In 2010, the company independently developed high - performance radial multi - pole magnetic rings and cooperated with Toyota of Japan to successfully develop magnetic rings for hybrid vehicles.

· In 2014, the company began to develop magnetic rings for products such as dishwashers, refrigerator compressors, and air - conditioning fan motors for home appliance enterprises such as BSH.

· In 2015, the new factory was completed, and a Japanese expert team joined. Many new technologies were researched, developed, and applied on the new production lines. The yield rate of most products exceeded 92%. The production efficiency ranked among the top in China, and the production efficiency of ring magnets ranked first in China. The number of employees was greatly reduced.

· In 2016, the company successfully developed FB12B material equivalent to TDK and put it into mass production, becoming the first manufacturer in China capable of mass - producing 12 - series materials.

· In 2009, the company obtained the TS16949 certification, and in 2018, it obtained the IATF16949 certification.

· In 2019, the company was awarded the title of National High - tech Enterprise again.