XMag (X-Magnet)

A privately held magnet machining company with an office in Taipei and factories in Fenghua, Ningbo, and Bac Ninh, Vietnam; its published equipment is slicing, drilling, wire-cutting and grinding machinery, and it does not name the magnet material it processes.

Points to check

Facts from the sources on this page that a reader should weigh before relying on the company's own figures.

The company's website does not name the magnet material it processes; a 'sintered NdFeB' label is not stated by the company.
No production tonnage, capacity in t/yr, customers or ownership are published.
The newest dated figure on the company website is 2012 output value; the site footer reads 2015.
The published equipment list covers machining and finishing only; no alloying, pressing, sintering or coating equipment is listed.

At a glance

Founded: Not established in public sources — Company states its core team was set up in 1992, it expanded to its current site in 2008 and adopted the X-Magnet brand in 2013. No incorporation date is published for the Taiwan or Ningbo entity; the Vietnam subsidiary's tax code was issued October 26, 2023.
Headquarters: Taipei, Taiwan (office); factories in Fenghua District, Ningbo, Zhejiang, China, and Bac Ninh, Vietnam
Ownership: Private; no shareholders, parent or registered capital published.
Stage: Mature. Machining magnets at its Ningbo site since 2008 per the company, with a stated 2012 output value of CNY 130 million; a Vietnam subsidiary was registered in 2023. No current output or tonnage is published.
Listing: Private. XMag Co. Ltd (X-Magnet, x-magnet.asia), Taipei office with factories in Fenghua, Ningbo, and Bac Ninh, Vietnam. Not Hangzhou X-Mag Inc. and not Ningbo Xici Technology (BSE: 920061).
Revenue: CNY 130 million output value
Reported, 2012.
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
Machining equipment at the company's factories (count of machines, not tonnage)	400+ slicing, 180 automatic drilling, 30 wire-cutting, 6 grinding (5 vertical, 1 horizontal) and 300 custom automatic grinding machines	Operating	2015
Output value, whole company	CNY 130 million (2012, company-stated)	Historical	2012

Narrative

XMag Co. Ltd, trading as X-Magnet, is a magnet supplier whose website lists an office in Taipei, Taiwan, and two factories: one in Building 7, Zone D, Xinchan Yungu Industrial Park, Fenghua District, Ningbo, Zhejiang, and one in the Yen Lu Industrial Cluster, Bac Ninh, Vietnam. Vietnamese tax records list the Vietnam company as XMag Technology Co., Ltd (Cong ty TNHH Cong nghe XMag), with a tax code issued on October 26, 2023 and manufacture of other electrical equipment as its main business line. The company says its core team was set up in 1992, obtained ISO 9000 certification in 2002, expanded to its current site in 2008 and adopted the X-Magnet brand in 2013. It describes a main campus of 10,000 square meters with more than 200 direct employees and gives an output value of CNY 130 million for 2012. Its capacity section lists equipment rather than tonnage: more than 400 slicing machines, 180 automatic drilling machines, five vertical and one horizontal grinder, 30 wire-cutting machines and 300 custom automatic grinding machines. No alloying, pressing, sintering or coating line is listed, and the site does not name the magnet material it processes. Quality equipment includes a B-H analyzer, an optical profile projector, a salt spray chamber, a pressure cooker tester and a thermal chamber. Applications named are wind turbine generators, e-bike and e-motorcycle motors, industrial sewing machines, connectors, tablet covers, keyboards, latches, notebooks, Hall-effect sensor modules, semiconductor equipment and vibrators, and the company says it works alongside downstream assembly factories. It publishes no customers, ownership, registered Chinese company name or tonnage, and no 2025 or 2026 figures. It is a different company from Hangzhou X-Mag Inc. (x-magnet.com), the sales arm of the Foresee group in Hangzhou, and from Ningbo Xici Technology (BSE: 920061), a Zhenhai, Ningbo maker of magnetic filters and separators.

Sources

XMag company website (sites, equipment, history) — XMag Co. Ltd (2015)
XMag Technology Co., Ltd tax record (Vietnam) — Thu Vien Phap Luat (2026-10-19)
Hangzhou X-Mag company record (different company) — Crunchbase (2026-10-19)
Ningbo Xici Technology (different company) — CNPP (2026-10-19)

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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