Sinomag Technology Co., Ltd.
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Sinomag Technology Co., Ltd. - overview
Established
1998
Location
Hefei, Anhui, China
Primary Industry
Materials
About
Based in Hefei, China and founded in 1998, Sinomag Technology Co. , Ltd. provides magnetic products for the materials industry. The firm was established to develop an integrated supply chain covering magnetic powder, powder cores, and high-frequency devices.
The company currently provides magnetic materials to enterprise clients in the automotive, industrial motor, and renewable energy sectors globally. In May 2020, the firm completed an IPO on the Shenzhen Stocks Exchange under the ticker "300835“. The company works with automotive and appliance manufacturers to provide magnetic materials. Product offerings include permanent magnet ferrite wet-pressed tiles, soft magnetic components, and commutators.
The company generates revenue from the direct sale of permanent magnet ferrite and soft magnetic products to enterprise clients in the automotive and home appliance sectors.
Current Investors
Huaxie Venture Capital
Primary Industry
Materials
Sub Industries
Electronic Components, Materials
Website
www.sinomagtech.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Sinomag Technology Co., Ltd. - timeline of key events
Sinomag Technology Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 248,530,325.8 | 308,635,821.5 | 366,856,605 | 373,491,481.5 | 429,422,966.3 | 502,598,729.5 | 531,238,636.6 | 551,016,953.9 | 550,043,015.6 | 804,674,516.1 | - | - | - |
| % Revenue Growth (YoY) | - | 24.2% | 18.9% | 1.8% | 15.0% | 17.0% | 5.7% | 3.7% | (0.2%) | 46.3% | - | - | - |
| EBITDA (USD) | 24,913,196.8 | 31,684,372.5 | 40,130,418.5 | 54,198,958.9 | 73,201,209 | 112,531,900 | 129,518,300 | 136,215,100 | 122,981,929.7 | 192,979,300.2 | - | - | - |
| Operating Income (USD) | 11,506,919.7 | 15,652,020.6 | 22,468,879.6 | 33,920,088.7 | 52,595,946 | 81,255,196.3 | 95,341,904.8 | 96,517,339.5 | 86,694,252.6 | 151,784,975.4 | - | - | - |
| Operating Margin | 4.6% | 5.1% | 6.1% | 9.1% | 12.2% | 16.2% | 17.9% | 17.5% | 15.8% | 18.9% | - | - | - |
| % EBITDA Margin | 10.0% | 10.3% | 10.9% | 14.5% | 17.0% | 22.4% | 24.4% | 24.7% | 22.4% | 24.0% | - | - | - |
| NET Income (USD) | 12,542,253.9 | 15,026,922.6 | 23,254,114.9 | 30,736,484.4 | 49,920,771.8 | 67,576,187.1 | 80,846,540.8 | 84,626,934 | 68,215,906.7 | 131,010,919 | - | - | - |
| % Net Margin | 5.0% | 4.9% | 6.3% | 8.2% | 11.6% | 13.4% | 15.2% | 15.4% | 12.4% | 16.3% | - | - | - |
Sinomag Technology Co., Ltd. - employee data
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