Earth-Panda Advanced Magnetic Material (688077.SH) plans to establish Earth-Panda Advanced Magnetic Material (Lujiang) Plastic Magnetics Technology Co., Ltd. in Hefei City.
The company of Earth Panda (688077.SH) released an announcement, stating that they will enhance the research and development and production of high-performance flexible magnets and injection-molded magnets.
Earth-Panda Advanced Magnetic Material (688077.SH) announced that the company plans to enhance its research and development capabilities for high-performance flexible magnets and injection-molded magnets, in order to increase its overall competitiveness and profitability. The company intends to establish Earth-Panda Advanced Magnetic Material (Lujiang) Plast Magnetics Technology Co., Ltd. (tentative name) in the Lujiang High-tech Industrial Development Zone in Hefei, Anhui Province.
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HK Stock Market Move | Contemporary Amperex Technology (03750) fell more than 3% in early trading. Planned energy storage capacity far exceeds global demand. Lithium battery capacity applications reportedly basically suspended.

HK Stock Market Move | TIANYU SEMI (02658) surged over 8%, plans to repurchase no more than 10% of H shares; overseas business saw explosive growth in the first half of the year.

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