Hengdian Group DMEGC Magnetics Co. ,Ltd [002056.SZ] Stock Forecast

Hengdian Group DMEGC Magnetics Co., Ltd manufactures and sells hard ferrite magnets and ferrite cores in China, the European Union, the United States, Japan, South America, Southeast Asia, and internationally. It offers ferrite magnet products, including ring, segment, microwave oven, square, and isotropic magnets; ferrite cores comprising Mn-Zn ferrite power, Ni-Zn ferrite, Mn-Zn high permeability ferrite, iron powder, and magnetic powder cores; and NdFeB magnets, such as bonded square, segment, and ring magnets. The company also provides motor housing and assembly products consisting of seamless steel tube cutting, rolling steel, and deep drawn motor housings; sintered powder for hard ferrite magnet and bonded powder for hard ferrite; solar cells and modules; and alkaline Zn-Mn dry batteries. In addition, it offers purifying home appliances, such as water and air purifiers; and hard alloy products, such as tungsten powder, carbonized tungsten powder, mold and anisotropic hard alloys, and mining tools, as well as anvil and compound sheet products. Further, the company provides EV/EB and power tool series cells; and battery packs for electric vehicles, small automotive battery systems, and battery pack for power tools. Additionally, it provides flexible copper clad laminates, including polyimide FCCL and polyimide cladding; and rare earth materials, such as fluorescent level europium, terbium, dysprosium, lanthanum, praseodymium-neodymium, and other oxide products. The company also invests in, develops, constructs, and operates solar grid-connected and BIPV projects; operates a tourism business hotel; and engages in international trade activities. Its products are used in the electronic appliance, automotive, communication, and other markets. The company was founded in 1980 and is based in Dongyang, China.