- Business
- Beijing Zhong Ke San Huan High-Tech Co., Ltd. (000970.SZ) researches, develops, manufactures and sells rare-earth permanent magnets, new magnetic materials and application products in China and internationally. The company produces sintered Nd-Fe-B magnets applied in computers, mobile phones, wind generators, automotive motors, magnetic resonance imaging systems, consumer electronics, energy, transportation, machinery and household appliances; bonded Nd-Fe-B magnets used in printers, air-conditioners, refrigerators, micro motors, energy-saving appliances and information technology; soft ferrite cores including deflection yokes, power materials, electromagnetic interference suppressors and inverters for mobile communications, internet systems, power supplies, displays, automotive electronics and industrial equipment; amorphous and nanocrystalline soft magnetic materials such as current transformers, inductor cores and common mode filters for power electronics and communications; as well as rare-earth raw materials and electric bicycles. Founded in 1999 and headquartered in Beijing, the company operates subsidiaries including Ningbo Keningda, Tianjin Sanhuan Lexi, Beijing Sanhuan VAK, Ganzhou Sanhuan for sintered NdFeB production, and holds stakes in Zhaqing Sanhuan Jingyue and Bomaile Zhongke Huan Magnetics, serving automotive, electronics, medical and new energy sectors with production bases across China. In recent developments, Zhongke Sanhuan reported first-three quarters 2025 net profit of RMB90.33 million, up 314.80% year-over-year, with Q3 2025 operating revenue of RMB4.85 billion amid industry recovery; obtained rare-earth export licenses in 2025 for ongoing overseas shipments to Europe, Asia-Pacific and North America (10% direct to USA); advanced carbon neutrality goals through rare-earth recycling, energy-efficient upgrades and photovoltaic projects targeting peak emissions by 2028; and participated in national R&D projects on high-performance bonded magnets, heavy rare-earth NdFeB and EV motor materials during the 14th Five-Year Plan.