Chengdu Galaxy Magnets Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 26, 2021 at 05:20 am EDT
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Chengdu Galaxy Magnets Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 604.254 million compared to CNY 602.769 million a year ago. Operating income was CNY 172.541 million compared to CNY 171.888 million a year ago. Net income was CNY 147.768 million compared to CNY 147.472 million a year ago. Basic earnings per share from continuing operations was CNY 0.46 compared to CNY 0.46 a year ago.
Chengdu Galaxy Magnets Co Ltd is a company mainly engaged in the research and development (R&D), production and sales of Boned NdFeB rare earth magnet components and parts. The Company is also engaged in the R&D, production and sales of samarium cobalt magnets and hot pressed NdFeB magnets. The Bonded NdFeB magnets are mainly used in automobile motors, pump motors and rotor components of various permanent magnet brushless direct current motors. The samarium cobalt magnets are mainly used in military equipment, aerospace, automation control, automobile, communication and other industries. Hot pressed NdFeB magnets are mainly used in automobile motors, electric tools, servo motors and other high-efficiency and energy-saving motor fields. The Company's products are sold to many countries and regions.
CHENGDU GALAXY MAGNETS CO.,LTD. 
