Yantai Zhenghai Magnetic Material Co., Ltd. engages in the research and development, manufacturing, and sale of rare earth permanent magnet materials and compon...
ZHmag released its performance for the first three quarters, with a net profit attributable to the parent company of 228 million yuan, an increase of 20.46%
ZHmag: In the third quarter, net profit increased by 189.72% year-on-year, mainly due to the rise in rare earth prices
The rare earth permanent magnet concept is active, with Huahong Technology hitting the limit up, and POCO, NFC, Griam, Benlang New Materials, JTGROUP, and ZHmag following suit
ZHmag announced that the "ZHmag Convertible Bond" will stop conversion with only half a trading day left, specifically during the trading session on September 19. After the market closes on September 19, the "ZHmag Convertible Bond" that has not been converted will cease conversion, and the remaining convertible bonds will be forcibly redeemed at a price of 100.5 yuan per bond. If forcibly redeemed, investors may face investment losses. SPC announced plans to purchase liability insurance for the company and its directors and senior management, with a total premium not exceeding 150,000 yuan per year and an insurance period of 12 months
ZHmag: After the market closes on September 19, ZHmag convertible bonds will stop converting into shares
ZHmag: ZHmag convertible bonds will cease trading after the market closes on September 16