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Yantai Zhenghai Magnetic Material Co Ltd
No. 22
Zhujiang Road
Phone: +86 5356397287p:+86 5356397287 YANTAI, SDG  264006  China Ticker: 300224300224
Business Summary
Yantai Zhenghai Magnetic Material Co.,Ltd. is principally engaged in the research, development, manufacture, distribution and services of neodymium-ferrite-boron (Nd-Fe-B) permanent magnet materials. The Company operates in two segments. The Neodymium-ferrite-boron Permanent Magnet Materials segment provides products for the wind power generation, new energy automobiles, energy saving elevators and other industries. The New Energy Automobile Motor Drive Systems segment is engaged in the research, development, production and distribution of new energy automobile drive motors and its control systems. The Company primarily provides Nd-Fe-B permanent magnet materials, including finished products, machine processed products and blanks. Its products are applied in the information technology (IT), automobile, electrical device, home appliance, petrochemical, mechanics, aerospace, medical equipment and other areas. The Company distributes its products within domestic market and to overseas mar

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
3499 Fabricated metal products, not elsewhere classified
3714 Motor vehicle parts and accessories

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board QingkaiWang 57 2/19/2019
Vice Chairman of the Board JieQuan 44 3/17/2022 3/17/2022
Chief Financial Officer, Deputy General Manager, Secretary of the Board BoGao 46 3/17/2023
10 additional Officers and Directors records available in full report.

General Information
Number of Employees: 3,302 (As of 12/31/2023)
Outstanding Shares: 820,245,491 (As of 3/31/2024)
Shareholders: 53,633
Stock Exchange: SHE
Fax Number: +86 5356397287


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