According to the Zhitong Finance App, Jinli Permanent Magnet (06680) issued an announcement regarding the company's investment in the construction of a green intelligent manufacturing project with an annual output of 20,000 tons of high-performance rare earth permanent magnet materials. In order to respond positively to the country's strategic plan to fully build “two rare earth bases”, the company's board of directors adheres to the vision of “becoming the world's leading enterprise in the rare earth permanent magnet industry”. According to market demand and in line with its own business development needs, the company invested in the construction of a “green intelligent manufacturing project with an annual output of 20,000 tons of high-performance rare earth permanent magnet materials” in Baotou through a wholly-owned subsidiary. According to the actual situation of project development, the company further optimized the project operation management structure and improved management efficiency. The project implementation entity changed from Jinli Permanent Magnet (Baotou) Technology Co., Ltd. to its wholly-owned subsidiary Jinli Permanent Magnet (Baotou) Intelligent Manufacturing Co., Ltd.
On November 12, 2026, the project successfully obtained the “Special Construction Project Fire Inspection Opinion” [2026] No. 033 issued by the Baotou Housing and Urban-Rural Development Bureau. Prior to that, the construction of this project had already been completed, and the project completion acceptance work had been completed.
In the next stage, the company will install production equipment in batches according to the plan, and gradually release production capacity in batches. Looking ahead to the full year of 2027, the company will have an actual magnetic production capacity of 50,000 tons/year; by the end of 2027, as additional production capacity continues to be released, the company's total magnetic material production capacity is expected to increase to 60,000 tons/year.
The completion and commissioning of this project will further enhance the production capacity of the company's high-performance NdFeB permanent magnet materials, seize growth opportunities in high-end applications such as new energy vehicles and robots, ensure large-scale order delivery from leading global customers, continuously promote the iterative upgrading of the company's product structure to high added value and high-end application fields, comprehensively enhance green intelligent manufacturing and intelligent manufacturing capabilities, continue to consolidate the company's position in the global rare earth permanent magnet industry, and enhance long-term profitability and core competitiveness.