Dragon Magnetic Technology announced that the company's chip inductor business is progressing smoothly, and its ability to develop new products has been recognized by customers. It is expected that batch delivery of some products will gradually begin in the first quarter of next year. In addition, the company's TLVR inductors have passed customer performance tests, and some products have received small-batch orders. In terms of the magnetic materials business, the company's gross margin is at a good level in the industry. In the future, gross margin will be stabilized or increased through product structure optimization, cost control, and customer upgrades. The company plans to add 10,000 tons of permanent magnet product production capacity to the current level and achieve localized supply of raw materials. After the expansion of production at the Vietnam base is completed, the total production capacity of permanent magnets at home and abroad will reach 60,000 tons. In terms of ferrite permanent magnet materials, the company will focus on incremental fields such as new energy vehicles, industrial motors, and green energy.

Dragon Magnetic Technology announced that the company's chip inductor business is progressing smoothly, and its ability to develop new products has been recognized by customers. It is expected that batch delivery of some products will gradually begin in the first quarter of next year. In addition, the company's TLVR inductors have passed customer performance tests, and some products have received small-batch orders. In terms of the magnetic materials business, the company's gross margin is at a good level in the industry. In the future, gross margin will be stabilized or increased through product structure optimization, cost control, and customer upgrades. The company plans to add 10,000 tons of permanent magnet product production capacity to the current level and achieve localized supply of raw materials. After the expansion of production at the Vietnam base is completed, the total production capacity of permanent magnets at home and abroad will reach 60,000 tons. In terms of ferrite permanent magnet materials, the company will focus on incremental fields such as new energy vehicles, industrial motors, and green energy.