Chengdu Galaxy Magnets Reports Robust First-Half Profit Growth of 39.31%

Stock News08-21

Chengdu Galaxy Magnets Co.,Ltd. (300127.SZ) has released its semi-annual report for fiscal year 2026, showcasing a strong financial performance with significant growth in both revenue and profitability.

During the reporting period, the company achieved operating revenue of RMB 543 million, representing a year-on-year increase of 39.41%. Net profit attributable to shareholders of the listed company reached RMB 117 million, up 39.31% compared to the same period last year. After deducting non-recurring gains and losses, net profit attributable to shareholders stood at RMB 116 million, marking a substantial 41.99% year-on-year growth.

Earnings per share for the period came in at RMB 0.36. The company's operating revenue was primarily generated from its core product lines, including bonded NdFeB magnets, hot-pressed magnets, samarium-cobalt magnets, and injection-molded magnets.

According to the report, the year-on-year increase in operating revenue was mainly driven by higher product sales volumes coupled with an uptick in average selling prices. Meanwhile, the growth in net profit attributable to shareholders was attributed to increased sales revenue and a slight improvement in overall product gross margins during the reporting period.

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