Chengdu Galaxy Magnets

Bonded and hot-pressed NdFeB magnets (using in-house fast-quench NdFeB magnetic powder produced by its wholly-owned subsidiary Chengdu Yinci Materials), plus samarium-cobalt (SmCo) magnets, injection/plastic-bonded magnets, and custom magnet assemblies (glued and injection-molded configurations).

At a glance

Founded: 1993 — Predecessor factory established July 1993; reorganized as a joint-stock company on March 23, 2001. Listed on the Shenzhen Stock Exchange ChiNext board (stock code 300127) in October 2010.
Headquarters: No. 6/608 Baicao Road, Western District, Chengdu National Hi-Tech Industrial Development Zone, Chengdu, Sichuan, China
Ownership: Publicly listed, Shenzhen Stock Exchange ChiNext, ticker 300127.SZ (listed October 2010). Per the FY2024 annual report, controlling shareholders were Chengdu Galaxy Industrial (Group) Co., Ltd. (成都市银河工业（集团）有限公司, 30.79%) and Chairman Dai Yan (戴炎, 30.52%, also legal representative since 2007). Wholly-owned subsidiary Chengdu Yinci Materials Co., Ltd. (成都银磁材料有限公司), established March 2017 with RMB 300 million investment, produces the group's fast-quench NdFeB magnetic powder feedstock.
Revenue: RMB 858 million (approx. RMB 857.90 million)
Reported, FY2025 (full year, year ended December 31, 2025).
Source

Capacity

Each date below links to the document the figure came from. A capacity figure with no source is not on this page.

What	Figure	Status	As of
Bonded NdFeB magnets, annual capacity	over 4,000 tons/year	Operating	2023-04-12
Hot-pressed NdFeB magnets, annual capacity	300 tons/year	Operating	2023-04-12
SmCo magnets, annual capacity (subsidiary)	over 200 tons/year	Operating	2023-04-12

Narrative

Chengdu Galaxy Magnets, founded in 1993 and listed on Shenzhen's ChiNext board since 2010, is one of China's longest-established bonded NdFeB magnet producers. Its core bonded-NdFeB business is vertically integrated back to its own rapid-quench (melt-spun) magnetic powder, produced by wholly-owned subsidiary Chengdu Yinci Materials since 2017, rather than relying solely on third-party powder supply. Beyond bonded and hot-pressed NdFeB, the company also produces samarium-cobalt magnets and injection/plastic-bonded magnets, and assembles finished magnet components. Per the company's own site, its products serve motor and sensor applications (spindle, stepping, synchronous, DC and brushless DC motors; automotive, servo and power-tool motors; aerospace, defense and medical-electronics uses for SmCo) and are exported to Japan, Korea, the United States, Europe and Taiwan, with the company naming Nidec, Panasonic, Minebea, Sony, Bosch, Brose, Wilo, LG and Samsung among its international customers and AAC Technologies and Jiangsu Leili among domestic partners. FY2025 revenue was approximately RMB 858 million, up 7.38% year over year, with net profit attributable to shareholders of about RMB 178 million, up 20.75%.

Where public sources disagree

Sources disagree on the company's 'founding' date: the predecessor factory is dated to July 1993 (used by most financial data providers, including stockanalysis.com and Eastmoney), while the joint-stock company was formally incorporated on March 23, 2001 per company registration data (10jqka.com.cn).
The most granular public capacity disclosures (bonded ~4,000+ t/yr, hot-pressed 300 t/yr, SmCo ~200+ t/yr) date to an April 2023 investor Q&A; more recent, updated capacity figures were not located in public sources as of this research (September 2026), so current capacity may differ.
No public source was found disclosing revenue by product line (bonded NdFeB vs. hot-pressed vs. SmCo vs. assemblies), so the reported revenue figure is group/company-wide, not magnet-type-specific.

Sources

Company official site, About page — Chengdu Galaxy Magnets (galaxymagnets.com) (2026-09-18)
Company official site, English About page — Chengdu Galaxy Magnets (en.galaxymagnets.com) (2026-09-18)
Company profile and registration data — 10jqka.com.cn (Straight Flush / iFind F10) (2026-09-18)
Company profile summary — stockanalysis.com (2026-09-18)
Stock quote and financial summary — stockanalysis.com (2026-07-29)
2024 Annual Report Summary (成都银河磁体股份有限公司2024年年度报告摘要) — Chengdu Galaxy Magnets Co., Ltd. / Tencent Finance (file host) (2025-03-29)
Investor Q&A: bonded/hot-pressed/SmCo capacity disclosure — Jiemian News (界面新闻) (2023-04-12)
Investor disclosure on product lines and rail-door application — Tencent News (腾讯新闻) (2023-08-08)
FY2025 results: net profit up 20.75%, dividend proposal — Eastmoney (东方财富网) (2026-03-28)
Company baike profile (founding, listing, shareholders) — Eastmoney Baike (baike.eastmoney.com) (2026-09-18)

How this page is sourced

Everything here comes from public sources — company filings, annual reports, exchange announcements, government releases and trade press. Every figure is linked to the document it came from and carries the date that document was published, because a capacity number without a date is not a fact, it is a rumor with a decimal point.

What is deliberately absent: material nonpublic information. I have spent more than two decades in this industry and a good deal of what I know about these companies I learned under NDA. Those obligations do not expire and they do not bend for a website. Nothing I have been told in confidence appears here in any form, and nothing on this page — or missing from it — should be read as a signal about what I know privately. I hold NDAs absolutely. It is the reason clients tell me things.

Judgment is the other thing left out on purpose. This page reports what has been published and who published it. Whether a target is credible, whether a ramp will hold, whether a capacity figure survives contact with the plant behind it — that is the work I do for clients, and it does not belong in a free reference page.

Where public sources disagree, I say so rather than picking a winner. Where a figure has not been published, the field says so rather than carrying an estimate. An empty field is information too.

Public filings tell you what a company has said. Whether it holds up is a different question, and the one I get hired to answer.

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