Hengdian East Magnetic: It is expected that by 2026, revenue from the three major sectors of photovoltaics, lithium batteries, and magnetic materials will all increase year-on-year.

Recently, Hengdian East Magnet stated at the performance conference call that in 2026, the company expects revenue growth in the three major sectors of photovoltaics, lithium batteries, and magnetic materials. Among them, the photovoltaic sector faces challenges such as a new round of AD/CVD investigations in the United States, cancellation of export tax refunds, high fluctuations in material prices such as silver paste, and market disturbances caused by the clearance of overseas inventories by some competitors. However, the company has successfully addressed some market pain points through its differentiated product strategy, combined with its long-term operational resilience, it is still able to maintain reasonable profits by the first quarter, and is expected to maintain a steady growth trend for the full year; the magnetic materials and devices sector will rely on cost optimization and the dual advantages of overseas bases to increase market expansion efforts. The replacement of rare earth new permanent magnetic materials will increase, and the application layout of soft magnetic and plastic magnetic in emerging fields such as AI computing power, primary and secondary power management, chip power supply, and thermal management systems will be increased, aiming to achieve both quantity and profit growth; the lithium battery sector will benefit from the continuous growth of downstream demand and the company's competitive advantage in products, and is also expected to achieve both quantity and profit growth.