Hengdian Dongji recently said at an online investor conference that the company set a target for steady growth in the magnetic materials sector at the beginning of the year. Currently, shipments and profits in the first quarter have all achieved growth that exceeded expectations. Shipments increased 25% year on year, and profitability also grew well. Mainly benefiting from equipment updates and consumer goods trade-in policy documents, downstream home appliances and auto parts customers have increased production schedules, driving an increase in shipments of magnetic materials, especially ferrite permanent magnet materials. Soft magnetic breakthroughs in the field of new energy vehicles and photovoltaics are also continuing to increase. It is expected that the second quarter will continue the situation in the first quarter. As subsequent industry-related policies are implemented, it will also depend on the effects of trade-in. As a leading company in this market, it is expected that the industry concentration will become more and more evident in the future. As a leading company in ferrite magnetic materials, Dongji's market share is steadily increasing.