Chengdu Galaxy Magnets Co.,Ltd. (300127.SZ): Samarium-Cobalt Magnets and Hot-Pressed NdFeB Magnets Sales Revenue Accounted for 9.47% of Total Sales Revenue in 2024

Stock News10-14

Chengdu Galaxy Magnets Co.,Ltd. (300127.SZ) announced that on October 9, 2025, the Ministry of Commerce issued the "Decision on Implementing Export Controls on Relevant Foreign Rare Earth Items" (Ministry of Commerce Announcement No. 61 of 2025). The company's products include bonded NdFeB magnets, samarium-cobalt magnets, hot-pressed NdFeB magnets, and injection molded magnets. The company's bonded NdFeB magnets and injection molded magnets do not contain the rare earth items listed in the announcement; however, the company's samarium-cobalt magnets and hot-pressed NdFeB magnets contain the rare earth items specified in the announcement. In 2024, the combined sales revenue of the company's samarium-cobalt magnets and hot-pressed NdFeB magnets accounted for 9.47% of total sales revenue. It is expected that the Ministry of Commerce's "Decision on Implementing Export Controls on Relevant Foreign Rare Earth Items" will have a certain impact on the company's export business.

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