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Hengdian East magnetic accelerating development in new energy battery business
Wang.C.S  2018.06.15



Hengdian East magnetic (002056), known as "China magnetic capital", is mainly engaged in the research, development, production and sales of magnetic electronic components. After more than two years of construction, Hengdian East magnetic (002056) is progressing smoothly in new energy battery business. Mr. Wu, the general manager of New Energy Department, said to reporter that its department now has supplied magnetic material to many host plants and gain increasing revenue by 655% in 2017. Wu Hangjun, the general manager of new energy battery business division in Hengdian East magnetic (002056), said to the Journal of High Industrial Lithium Battery, the new energy battery business department has completed the related work of multiple model announcements and recommended catalogues in 2017, and realized the batch supply of a number of new energy logistics vehicles and low speed cars. It will make further progress in 2018. Further development. In the field of market development, Hengdian East magnetic (002056) has given multiple new energy vehicles to a number of host plants to supply a matching supply. In 2017, the Hengdian East magnetic (002056) realized revenue of 154 million yuan in the new energy battery industry in the year, up 655 percent year-on-year.

The predecessor of Hengdian group Co., Ltd. was founded in 1980, and the restructuring of stock companies was set up in March 1999. In August 2006, Hengdian East magnetic exchange was successfully listed on the Shenzhen Stock Exchange (stock code 002056).

Hengdian East magnet is a high-tech private enterprise with three major industries, magnetic materials, new energy and devices. It is the leading enterprise of the national magnetic industry. At present, the largest permanent magnet production enterprise in the world, the largest soft magnetic material manufacturing enterprise in the world, and a solar manufacturing enterprise which has won the leader's certificate in the world. In 23 consecutive years, it was the largest tax payer in Dongyang.
 
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