Ningbo Jintian Copper(Group) (601609.SH) stated on the investor interaction platform on November 5 that the company started its magnetic materials business as early as 2001. After more than 20 years of development, it has become one of the domestic enterprises with high technological level and complete product series. The company's holding subsidiary, KTC Magnetics, was selected as one of the fifth batch of specialized, special and new 'little giant' enterprises by the Ministry of Industry and Information Technology, and became one of the first specialized, special and new certified enterprises in Ningbo in 2023. The company's rare earth permanent magnet products are now widely used in new energy vehicles, wind power generation, high-efficiency energy-saving electric machines, siasun robot&automation, consumer electronics, medical instruments, and other fields. Currently, the first phase of the company's rare earth magnet materials project in Baotou has been completed, which is conducive to better enhancing the scale effect and market share.