Magnetic material market sentiment, Hengdian East magnetic net profit increased by 45.2% in the first half of the year

According to the micro-network news, on July 29, Hengdian East Magnetic released the performance report. The company achieved operating income of 3.056 billion yuan in the first half of this year, up 11.6% year-on-year; net profit attributable to shareholders of listed companies was 322 million yuan, up 45.2% year-on-year. The average net profit growth rate of other electronics industries was 66.76%.

For the reporting period, the revenue surged, Hengdian East Magnetic said, mainly due to the growth of magnetic materials business. During the reporting period, the downstream industry of magnetic materials increased the market sentiment, and at the same time, the company promoted new products, new fields, new customers. The development further expands the market space and increases the revenue share of the company's high-end products, thereby improving profitability. In addition, in the field of solar photovoltaic, the company increases the product conversion rate and develops the structure by increasing the productivity of high-efficiency PERC monocrystalline cells. Sexual market space has increased the proportion of revenue of the company's high-end products, thereby increasing profitability.