April 3th, 2023, Zhongke Magnetic Industry Goes Public

Zhongke Magnetic Industry Goes Public, Bringing Dongyang Its 10th Listed Enterprise

Drumroll please! On the morning of April 3rd, accompanied by the resounding sound of the bell, Zhejiang Zhongke Magnetic Industry Co., Ltd. was listed on the ChiNext board of the Shenzhen Stock Exchange (stock code: 301141), adding another member to the "Dongyang sector" of the capital market. With this, the number of listed companies in our city has increased to 10, with 13 companies listed on the New Third Board and 220 companies listed on the regional capital market, with a total market value exceeding 100 billion yuan.

Fu Xianming, Vice Chairman of the Jinhua Municipal People's Congress Standing Committee, and Dongyang city leaders Huang Shengke, Zhu Zhijie, Guo Jinming, Liu Xi, Zhao Yueliang, and Huang Yangming attended the listing ceremony.

Founded in 2010 and located in Hengdian Town, Dongyang city, Zhongke Magnetic Industry mainly engages in the research and development, production, and sales of permanent magnetic materials. It is currently one of the major domestic producers of permanent magnetic materials, dedicated to becoming a global leader in providing permanent magnetic material application solutions for the new generation of consumer electronics and energy-saving home appliances.

After years of independent research and development and production practice, Zhongke Magnetic Industry has mastered the core technology of producing permanent magnetic materials, with its main products being sintered neodymium iron boron permanent magnetic materials and permanent magnet ferrite magnets. The company has 33 patents, including 7 invention patents, and 31 new products have been awarded provincial-level industrial new products and provincial-level new product trial production plan project achievements, with many of them reaching the leading domestic and international advanced levels. It has been recognized as a national high-tech enterprise and has been awarded honorary titles such as the fourth batch of "little giant" enterprises with special expertise and characteristics by the Ministry of Industry and Information Technology, provincial-level "specialized, special, and new" small and medium-sized enterprises, provincial patent demonstration enterprises, and provincial innovative demonstration small and medium-sized enterprises. It has also established provincial-level enterprise technology centers and provincial-level high-tech enterprise research and development centers and participated in projects that won the 2020 Zhejiang Provincial Science and Technology Progress Award - second prize.

Zhongke Magnetic Industry is also a member unit of the Provincial Standardization Association and has taken the lead in drafting two group standards, T/ZZB 1525-2020 "High Intrinsic Coercivity Permanent Magnet Neodymium Iron Boron for Variable Frequency Air Conditioner Compressors" and T/ZZB 1566-2020 "Permanent Magnet Ferrite for Ultra-thin Loudspeakers".

The listing of enterprises is not only an important manifestation of the vitality of a local economy, but also the best proof of the government's strengthening of services and optimization of the business environment. The successful listing of Zhongke Magnetic Industry this time is a vivid practice of our city's promotion of high-quality development of enterprises.

Zhejiang Zhongke Magnetic Industry Co., Ltd. is mainly engaged in the research and development, production and sales of permanent magnet materials. It is one of the important permanent magnet material manufacturers in China and is committed to developing into a world-leading permanent magnet in the field of new generation consumer electronics and energy-saving home appliances. Material application solution provider. The permanent magnet materials produced by the company can be widely used in many fields such as consumer electronics, energy-saving home appliances, industrial equipment, automobile industry, wind power generation, intelligent manufacturing, and electric tools. The company's products have many grades and complete specifications, and have formed a relatively complete product cluster, which can fully meet the diversified needs of the downstream market. Zhongke Magnetics has be listed on the Shenzhen Stock Exchange on April 3, 2023

Resources: http://www.dongyang.gov.cn/art/2023/4/4/art_1229568748_59605176.html