- Business
- Earth-Panda Advanced Magnetic Material Co., Ltd. (688077.SS) manufactures high-performance rare earth permanent magnet materials, including sintered NdFeB magnets, bonded NdFeB magnets, samarium cobalt (SmCo) magnets, rubber magnets, and magnetic assemblies such as EPS rotors for automobile steering systems, automobile inductor series products, wind turbine generator magnetic pole box assemblies, linear motors, and brushless cleaner rotor assemblies; the company also produces sintered NdFeB insulation adhesive series products. These products serve industries including automotive (new energy vehicle drive motors, EPS electric power steering, ABS anti-lock braking systems, start motors, oil/water pump motors), industrial motors (robots, synchronous motors, linear motors, power tools, energy-saving elevators, oil field pumping units), consumer electronics (mobile phone linear vibration motors, voice coil motors, high-end cameras, 3C and 5G products), clean energy (permanent magnet direct-drive wind turbines), smart appliances (air conditioning, electronic controllers), medical devices (MRI), and aerospace; operations span China with exports to over 20 countries in Europe, the United States, Asia-Pacific, Korea, and Japan. Founded in 2003 and headquartered in Hefei, Anhui Province, China, the company maintains subsidiaries including Earth-Panda (Baotou) Permanent Magnet Technology Co., Ltd., Shanghai Earth Panda Science & Technology Co., Ltd., Earth-Panda (Ningguo) Permanent Magnet Technology Co., Ltd., and Earth Panda Magnet GmbH in Germany. Recent developments include the establishment of a 5,000 tons/year permanent magnet industrialization project and a 3,000 tons/year high-performance NdFeB magnetic materials project to address demand in high-end motors, robotics, and intelligent equipment amid growth in humanoid robotics, new energy, and low-altitude economy sectors; the company reported a turnaround to profitability in 2024 with net income of 31.87 million yuan after prior losses, alongside first-quarter 2025 revenue growth of 14.6% to 341 million yuan.