目前国内大多数稀土永磁材料生产企业规模较小、技术水平低、工艺设备落后，产品为中低端制品，同质化严重，竞争激烈。在高端市场，国内能稳定生产高性能钕铁硼永磁材料生产商主要包括中科三环、金力永磁、宁波韵升、正海磁材、英洛华、大地熊等少数几家。国际市场上，中国在采矿、分离、金属冶炼和稀土永磁材料制造等四个方面均处于领先水平。On November 22, Instech (301622.SZ) opened for subscription, with an issuance price of 22.36 yuan/share, a subscription limit of 0.008 million shares, and a pe of 21.63 times, belonging to the Shenzhen Stock Exchange, with Huatai United Securities as the sponsor (lead underwriter).
According to the Zhitao Finance APP, on November 22, Instech (301622.SZ) opened for subscription, with an issuance price of 22.36 yuan/share, a subscription limit of 0.008 million shares, and a pe of 21.63 times, belonging to the Shenzhen Stock Exchange, with Huatai United Securities as the sponsor (lead underwriter).
The prospectus shows that Instech is a high-tech enterprise mainly engaged in the research and development, production, and sales of rare earth permanent magnet material application devices. The company focuses on the development of terminal application technology for magnetic devices, providing customers with comprehensive solutions such as magnetic circuit design, precision processing, surface treatment, and smart assembly. The company synchronously participates in the development of new magnetic devices according to the needs of end customers in terms of functionality and design, providing complete technical support for the design, trial production, testing, and optimization of magnetic devices. The company's main products include single magnet application devices and magnetic component application devices, which are used in laptops, tablets, smart phones, electronic accessories, smart home products, etc.
Currently, most domestic rare earth permanent magnet material production companies are small in scale, low in technical level, and have outdated processes and equipment, producing mainly mid-to-low-end products with serious homogenization and fierce competition. In the high-end market, the main domestic manufacturers capable of stably producing high-performance neodymium iron boron permanent magnet materials include only a few companies such as Beijing Zhong Ke San Huan High-Tech, JL Mag Rare-Earth, Ningbo Yunsheng, Yantai Zhenghai Magnetic Material, Innuovo Technology, and Earth-Panda Advanced Magnetic Material. In the international market, China is leading in mining, separation, metal smelting, and manufacturing of rare earth permanent magnets.
Since its establishment, Instech has consistently focused on the consumer electronics application field. With a rich product line and good product quality, it has accumulated numerous high-quality international renowned consumer electronics clients and has become one of the key suppliers of rare earth permanent magnet material application devices for several well-known international consumer electronics brands such as Apple, Microsoft, Xiaomi, Huawei, Lenovo, reMarkable, and Logitech International. In 2021, the company was awarded the "2021 Best Partner Award" by the iDSBG division of Foxconn Technology Group and the "2021 Quality Excellence Award" by BYD Precision Manufacturing Co., Ltd. Alpha Assembly Division. In 2022, the company received the "2022 Best Partner Award" from the iDSBG division of Foxconn Technology Group and the "2022 Excellent Supplier Award" from Luxshare Precision Industry. In 2023, the company was awarded the "2023 Best of Year Award Winner" by the iDSBG division of Foxconn Technology Group and the "2023 Quality Excellence Award" from BYD Precision Manufacturing Co., Ltd. Alpha Assembly Division.
In terms of finance, from 2021 to 2024 (January-March), Instech achieved revenues of approximately 0.67 billion yuan, 1.134 billion yuan, 0.952 billion yuan, and 0.236 billion yuan, respectively, while the net income for the same periods was approximately 0.128 billion yuan, 0.199 billion yuan, 0.138 billion yuan, and 19.6064 million yuan.
