On January 3, Gelonghui reported that Yantai Zhenghai Magnetic Material (300224.SZ) indicated on the investor interaction platform that in terms of raw material assurance, the company adheres to a combination of "direct procurement and recycling," continuously strengthening the recycling management of self-produced neodymium iron boron waste and improving the recycling capability of rare earth resources. The company is a leader in the field of high-performance neodymium iron boron permanent magnetic materials, and its products can be widely used in fields such as New energy Fund drive Electric Machine, Autos EPS, energy-efficient home appliances, wind power generation, energy-efficient elevators, automation, and Consumer Electronics.