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Yantai Zhenghai Magnetic Materials predicted 370%-400% growth in Q1 2018 profit
Wang.c.s  2018.04.12



Yantai Zhenghai Magnetic Material Co., Ltd. released recently the Q1 advance report of 2018. In the reported period,the company obtained about 24.434 million yuan to 2599.45 million yuan on net profit attributed to the shareholders of listed company. It predicted to increase by 370% to 400% year-on-year.

The company predicted that its 2018 Q1 performance significantly higher year on year, mainly due to the sales expansion of high performance NdFeB permanent magnetic materials in the automotive EPS, new energy vehicles, energy saving and environmental air conditioner. The sales income and net profit of the company's high performance NdFeB permanent magnetic materials increased significantly year on year.

Yantai Zhenghai Magnetic Material Co., Ltd. is a high-tech enterprise specializing in the production of high-performance magnetic materials and magnet components. The company is able to produce several types of sintered NdFeB magnets. The products are widely used in the fields of information industry, automobile industry, electric power equipment, household appliances, petrochemical, mechanical manufacturing, aerospace, medical equipment etc.
 
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