On December 6, Glonghui reported that Yingsite (301622.SZ) stated on the investor interaction platform that the company is a high-tech enterprise mainly engaged in the research, development, production, and sales of rare earth permanent magnets application devices, focusing on the technical development of terminal applications for magnetic devices, providing customers with integrated solutions such as magnetic circuit design, precision processing, surface treatment, and asia vets assembly. Currently, the company is actively expanding into other downstream application fields of rare earth permanent magnets such as autos, industrial electric machines, and siasun robot&automation, striving to create new profit growth points for the company.