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China

Earth-Panda

Sintered NdFeB rare earth permanent magnets, which were 91.79% of main business revenue at the time of listing, plus injection-molded magnets, rubber magnets and magnetic assemblies. Disclosed end markets are the automotive industry, industrial motors and high-end consumer electronics, with applications in electric power steering, new-energy vehicle traction motors, energy-efficient motors, robot motors, wind power, consumer electronics and 5G equipment. Heavy rare earth reduction technology is disclosed, including grain boundary doping control, whole-process atmosphere control and grain boundary diffusion control, alongside low-heavy-rare-earth and heavy-rare-earth-free product development.

At a glance

Founded

2003 — The company's own timeline dates the origin to 2003 with the establishment of Anhui Xiongfeng New Materials, reorganized under the Earth-Panda name in 2008. It was approved in 2015 to host the State Key Laboratory of Rare-Earth Permanent Magnet Materials and listed on the Shanghai STAR Market on 22 July 2020 under code 688077.

Headquarters

Lujiang high-tech zone, Hefei, Anhui, China, with plants at Hefei, Baotou and Ningguo

Ownership

Listed on the Shanghai Stock Exchange STAR Market, code 688077, since 22 July 2020. The 2025 interim report names Xiong Yongfei as controlling shareholder and Xiong Yongfei and Cao Qingxiang, a married couple, as actual controllers. No current shareholding percentage is asserted here: two third-party figures conflict and neither was confirmed against a filing.

Revenue

CNY 1.645 billion, up 24.73% year on year
Reported, FY2025, year ended 31 December 2025.
Net profit attributable to owners of the parent was CNY 56.7 million, up 77.94%. The figure is quoted by a named trade publication from the company's annual report, because the annual report PDF itself could not be retrieved; it is cross-checked against the company's own results pre-announcement and against the audited first-half figure of CNY 726.1 million.
Source

Capacity

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

Narrative

Earth-Panda Advanced Magnetic Material is a sintered NdFeB producer headquartered in the Lujiang high-tech zone of Hefei, Anhui. Its own timeline dates it to 2003, when Anhui Xiongfeng New Materials was formed; it was reorganized under the Earth-Panda name in 2008, was approved in 2015 to host a state key laboratory for rare earth permanent magnet materials, and listed on the Shanghai STAR Market in July 2020. It operates plants at Hefei, Baotou and Ningguo and states total sintered NdFeB capacity of about 10,000 metric tons a year at roughly 60 percent utilization. Filings describe grain boundary doping and diffusion control and low- and heavy-rare-earth-free product development. It reported FY2025 revenue of CNY 1.645 billion.

Where public sources disagree

• Samarium cobalt appears in the company's product catalog and on its German subsidiary's site, but filings describe it as purchased externally and resold at customer request within a category that was about 3% of revenue at listing. No samarium cobalt production capacity appears in any filing. Treat the company as an NdFeB producer that supplies samarium cobalt, not one that makes it.
• No university or research-institute lineage could be established from any published source. The company's own timeline begins with Anhui Xiongfeng New Materials in 2003 with no institutional parent. The likeliest source of that belief is the state key laboratory it was approved to host in 2015, which is a laboratory at the company rather than a parent institution.
• A 2022 sell-side report projected 21,000 t/yr by 2025. Company statements in July 2026 put actual capacity at about 10,000 t/yr. The projection was a third-party forecast, not a company disclosure.
• Two conflicting third-party figures circulate for the controlling shareholder's stake, neither confirmed against a filing.
• The company is described in results coverage as one of the leading enterprises in the sintered NdFeB industry, while at listing it disclosed holding about 1.21% of Chinese sintered NdFeB capacity.

Sources

1. Development history timeline (Chinese) — Anhui Earth-Panda Advanced Magnetic Material Co., Ltd. (accessed 2026-09-18)
2. H1 2025 interim report — first-half revenue, controlling shareholder, end markets, samarium cobalt treatment (Chinese) — Filed with the Shanghai Stock Exchange (2025-08-23)
3. FY2025 results: revenue up 24.73%, net profit up 77.94% (Chinese) — Shanghai Metals Market (2026-02-28)
4. Company statement: total sintered NdFeB capacity about 10,000 t/yr, utilization about 60%, plant split (Chinese) — Stockstar (2026-07-31)
5. Company statement on capacity and expansion (Chinese) — Shanghai Metals Market (2026-07-07)
6. Capacity of 8,000 t/yr with Baotou and Ningguo projects under construction (Chinese) — Mysteel (2023-02-01)

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