Hengdian Group DMEGC Magnetics Co., Ltd.

Hengdian Group DMEGC Magnetics Co., Ltd. is a manufacturing enterprise listed on the Shenzhen Stock Exchange since 2006. The company specializes in the research, development, production, and sales of magnetic materials and devices, photovoltaic products, and lithium batteries. It aims to provide comprehensive technical solutions to its customers, leveraging its expertise in various material systems and innovative technologies. The company operates primarily in three business lines: magnetic materials, photovoltaic products, and lithium batteries. Its magnetic materials include permanent magnet ferrite, soft magnetic ferrite, and plastic magnetic products, which are utilized in sectors such as new energy vehicles, consumer electronics, and industrial applications. In the photovoltaic sector, Hengdian produces efficient solar cells and modules, catering to both distributed and centralized power stations. Additionally, the lithium battery division focuses on small power applications, including energy storage solutions. With a global presence, Hengdian has established production bases and marketing centers in multiple countries, serving a diverse international customer base.

(1) Technological innovation advantages The company is the first batch of national intellectual property demonstration enterprises and national technological innovation demonstration enterprises. The company has established a number of innovation platforms such as state-level enterprise postdoctoral research workstation, National enterprise Technology Center, provincial key enterprise research Institute, and provincial academician expert workstation, bringing together more than 2,900 research and development technicians, and establishing a research and development system with customer needs as the core and forward-looking emerging industries and products as the focus. Meanwhile, The company formed a strategic cooperative alliance with Ningbo Institute of Materials of Chinese Academy of Sciences and co-built a magnetic materials Innovation center, jointly built a functional materials technology center with Zhejiang University, established a provincial magnetic materials laboratory with China Jiliang University, joined the ILP alliance with MIT, and joined the Technical University of Darmstadt, Tsinghua University, Zhejiang University, University of Electronic Science and Technology of China, and Zhejiang Normal University And other institutions of higher learning have strengthened industry-university-research cooperation and technological exchanges. The company also actively participated in the provincial Science and Technology Department launched the "reveal" research projects, such as the "amorphous/nanocrystalline soft magnetic powder key preparation process and complete equipment" project, is the first operation of the provincial "reveal" project. 2. Advantages of globalization Based in Hengdian, facing the world. With Hengdian as the center, the company has set up ten production bases and nearly twenty localized marketing bases and warehousing centers at home and abroad, and established a global production, logistics, sales and service network to meet the needs of different customers in the world. The domestic production base is mainly distributed in Zhejiang, Jiangsu, Sichuan, Henan, Guangxi, Hubei, Anhui and other places, while the foreign production base is mainly distributed in India, Vietnam and other parts of Southeast Asia. The marketing base and storage center are mainly distributed in Germany, the Netherlands, France, Spain, Poland, Japan, the United States, Brazil, Australia and other places. We adhere to the concept of "customer first", implement the strategy of "Local for local", combined with the concept of "internal and external collaboration + flexible office", so that the team can provide suitable solutions for customers and the market without language differences, time differences, cultural differences. At present, the company's products have been sold to nearly 70 countries and regions around the world, and overseas revenue accounts for about 60%. (3) Quality brand advantage The company has passed ISO9001, ISO14001, IATF16949, OHSAS18001, IECQ-QC080000 and other management system certifications. With leading product quality and product performance, the company's photovoltaic products have been recognized by third-party international authorities such as TUV SUD, EUPD Research, PV Evolution Labs. The company's photovoltaic products enjoy a high reputation and share in the European distributed market, is the world's first photovoltaic module manufacturing enterprises to obtain low-carbon certification, and has been awarded "Top photovoltaic module brand" by EUPD Research for six consecutive years from 2018 to 2023. From 2019 to 2023, it has been ranked as the "Global first-class solar module Manufacturer" by Bloomberg New Energy Finance for five consecutive years, and has been awarded the "Global Best Performing Module Manufacturer" by PV Evolution Labs from 2021 to 2023. During the reporting period, the company's N-type components were certified by IEC TS 63209-1:21st, IEC 61215:2021 and IEC 61730:2023, and received the world's first IEC Multi-double certification issued by TUV Rheinland. The company has been deeply engaged in the magnetic material industry for more than 40 years, and has always been committed to providing customers with one-stop magnetic material solutions. Dongyang Magnetic industrial Cluster with Hengdian Dongmagnetic as its leader is known as "China's magnetic capital". Over the years, the company has always been able to meet customer quality first, leading technology and lean management system, standardized operation process and other comprehensive management requirements, has become a strategic partner of many global 500 enterprises and industry leading enterprises, has won the Bosch Asia Pacific Best Supplier, Bosch Global Best Supplier, We have been named the best supplier by customers such as Brose, Eaton, Panasonic and Nidec. With the vertical extension of the company's magnetic materials industry, the company will use the advantages of materials to provide downstream customers with one-stop solutions from materials to devices. (4) Advantages of intelligent manufacturing Magnetic material is a traditional labor-intensive industry, the company has been committed to the automation and intelligent promotion of magnetic material industry manufacturing, has achieved more remarkable results. The permanent magnet industry has basically realized the automation of each process segment, such as grinding inspection connection, kiln charging machine, etc. The soft magnetic industry has successfully built the first benchmark factory with full coverage of "5G" in the industry, and realized the automated/digital production line of the whole process from mixing to inspection and packaging boxes, and the level of digitalization and automation is leading the industry. The photovoltaic industry has built a number of battery and module future factories, such as Sichuan East Magnetic has fully realized intelligent production, intelligent management, collaborative manufacturing; Jiangsu Dongmagnetic has introduced advanced MES manufacturing system, and achieved 5G private network coverage to achieve digital and intelligent production; Lianyungang Dong Magnetics has realized the transformation from automated production to digital manufacturing with its leading automation, digitalization and intelligent standard construction. Lithium One factory is listed as a 5G convergence application demonstration project, based on digital twin technology, to achieve the digitalization of high-end battery production line, and comprehensively and intuitively control the entire picture of factory production and operation.