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                Yingluohua got growing net profit by 9.16% in 2018
                Wang.C.S  2019.03.28

                On March 8, Yingluohua released its annual report for 2018。Quoted from the report, the compan realized sale revenue of 2.135 billion yuan in 2018, an increase of 14.97% over the same period last year, and net profit of 112 million yuan, an increase of 9.16% year on year. In 2018, the company's revenue on neodymium –iron- boron product was 1.067 billion yuan, but its gross interest rate on neodymium-iron-boron only stood at 21.18%, which was 1.39% lower than in 2017.

                Yingluohua said that the company disposed of some non-performing assets to reduce the company's losses in 2018; meanwhile, it vigorously developed its main business. By far, the business of the motor products and Nd-Fe-B magnetic materials goes well.

                Yingluohua said that the company will strive to build a "control technology + motor" precision manufacturing industry platform in 2019, through system integration, build the "parts + equipment + engineering" industrial ecology, vigorously develop the company's main business,. Zhejiang Yingluohua Magnetism Industry Co., Ltd. is a subsidiary company of Yingluohua Science and Technology Co., Ltd. (Shanghai stock: 000795). It is a leading national high-tech enterprise integrating research, development, production and sales of magnetic materials. Over the years, it has made important contributions to the development of key materials in aerospace, mechanical instruments, medical devices and other fields.

                Yingluohua Magnetism not only produce high performance sintered Nd-Fe-B and bonded Nd-Fe-B rare earth permanent magnet, but also provides valuable products such as tungsten alloys for military useage. At present, the annual production capacity of high performance sintered NdFeB and bonded NdFeB rare earth permanent magnets is 6500 tons, and the products are in the leading position in the domestic market.
                HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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