XSHE
002056
Market cap4.58bUSD
Oct 09, Last price
18.86CNY
1D
0.00%
1Q
-29.50%
Jan 2017
171.17%
IPO
787.53%
Name
Hengdian Group DMEGC Magnetics Co Ltd
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Profile
Hengdian Group DMEGC Magnetics Co., Ltd, founded in 1980 and headquartered in Dongyang, China, operates as a global producer and vendor of magnetic materials. The company's core business involves the manufacturing and distribution of hard ferrite magnets and ferrite cores, with its market presence spanning China, the European Union, the United States, Japan, South America, Southeast Asia, and other international regions. Its comprehensive product line includes a variety of magnet types. For instance, its ferrite magnet offerings consist of ring, segment, microwave oven, square, and isotropic magnets. The ferrite core range features Mn-Zn ferrite power, Ni-Zn ferrite, Mn-Zn high permeability ferrite, iron powder, and magnetic powder cores. Additionally, the company provides NdFeB magnets, available as bonded square, segment, and ring configurations. Beyond magnets, DMEGC also supplies motor housing and assembly components, such as seamless steel tube cutting, rolling steel, and deep-drawn motor housings. It produces sintered powder for hard ferrite magnets and bonded powder for hard ferrite applications. The company is active in the renewable energy sector, offering solar cells and modules, and manufactures alkaline Zn-Mn dry batteries. Furthermore, its portfolio extends to purifying household appliances like water and air purifiers. It also produces an array of hard alloy products, including tungsten powder, carbonized tungsten powder, mold and anisotropic hard alloys, mining tools, as well as anvil and compound sheet products. The company is a key provider of cells for electric vehicles (EV/EB) and power tools, alongside complete battery packs for electric vehicles, smaller automotive systems, and power tool applications. In terms of advanced materials, DMEGC offers flexible copper clad laminates, encompassing polyimide FCCL and polyimide cladding. It also deals in rare earth materials, such as fluorescent-grade europium, terbium, dysprosium, lanthanum, praseodymium-neodymium, and other oxide compounds. Diversifying its business interests, Hengdian Group DMEGC Magnetics Co., Ltd invests in, develops, constructs, and manages solar grid-connected and building-integrated photovoltaic (BIPV) initiatives. The company also operates a hotel within the tourism sector and engages in various international trade activities. These products and services primarily serve the electronic appliance, automotive, and communication industries, among others.
Key people
Hailiang Ren
Chairman of the Board · since 2024
Jian Guo
Chief Financial Officer · since 2023
Yue He
General Manager · since 2024
Xiaodong Guo
Deputy General Manager · since 2011
Shuai Guo
Deputy General Manager · since 2024
Zhenyu He
Deputy General Manager · since 2025
Xueping Wu
Deputy General Manager, Secretary of the Board · since 2014
Director · since 2008
Director · since 2022
Yuelong Lu
Director · since 2025
Director · since 2005
Rui Jia
Independent Director · since 2023
Independent Director · since 2020
Liuyong Yang
Independent Director · since 2020
Headquarters & legal address
浙江省东阳市横店工业区
金华市, ZJ 100000
CN
金华市, ZJ 100000
CN
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