Chengdu Galaxy Magnets Co Ltd. Stock Analysis 300127.SZ

Chengdu Galaxy Magnets Co., Ltd. engages in the research, development, production, and sale of rare earth magnet components and parts. The company is headquartered in Chengdu, Sichuan and currently employs 1,349 full-time employees. The company went IPO on 2010-10-13. The firm is also engaged in the research and development, production and sales of samarium cobalt magnets and hot pressed NdFeB magnets. The Bonded NdFeB magnets are mainly used in components such as spindle motors, stepper motors, synchronous motors, direct current motors, brushless direct current motor rotor assemblies and various sensor devices. The samarium cobalt magnets are mainly used in military equipment, aerospace, automation control, automobiles, communications and other industries. Hot pressed NdFeB magnets are mainly used in various high-efficiency and energy-saving motor fields such as automotive motors, power tools, servo motors, computer numerical control (CNC) machine tools, robots and others. The firm mainly operates its businesses in the domestic and overseas markets.