Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) Bundle
Founded in 1980, DMEGC Magnetics - a Hengdian Group subsidiary and Shenzhen-listed company (SZ:002056) - has grown into the world's largest permanent magnet ferrite manufacturer and a leading soft-magnetic materials producer, operating across magnetic materials/devices and photovoltaic/lithium battery sectors and exporting to more than 70 countries and regions; as Dongyang's largest industrial taxpayer for over 20 consecutive years and a recipient of honors like the Bosch Global Supplier Award, DMEGC pairs deep industrial scale with a clear sustainability mission to integrate environmental protection across its value chain, target a 30% reduction in carbon emissions by 2030, expand global market share from 15% to 25% by 2026, secure 20 magnetics-related patents by 2026, and embed core values of compassion, teamwork, innovation and people-centered development while advancing low‑carbon, intelligent manufacturing and a responsible supply chain - compelling reasons to explore how its mission, vision and values shape strategy and global competitiveness
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) - Intro
Overview Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) was founded in 1980 and has grown into the world's largest permanent magnet ferrite manufacturer and a leading producer of soft magnetic materials. The company's operations span two principal sectors-magnetic materials & devices and photovoltaic & lithium battery materials-reflecting diversified technological capability and vertical integration from raw materials to finished components.- Founded: 1980
- Listed: Shenzhen Stock Exchange, 2006 (SZ:002056)
- Global footprint: exports to >70 countries and regions (Europe, North America, South Korea, Japan, Southeast Asia)
- Local economic impact: largest industrial taxpayer in Dongyang City for 20+ consecutive years
- Industry recognition: recipient of awards including the Bosch Global Supplier Award
- Customer-centric innovation to reduce system-level cost and improve efficiency
- Sustainable production practices and resource efficiency across supply chains
- Long-term value creation for stakeholders: customers, employees, shareholders, and host communities
- Leadership in ferrite and soft magnetic products for electric vehicles, consumer electronics, and industrial drives
- Scale-up of photovoltaic and lithium battery material production to capture downstream electrification demand
- Continuous improvement toward carbon- and waste-intensity reduction targets across operations
- Quality First - uncompromising product reliability and process control across multi-gigawatt-capacity production lines
- Innovation - sustained R&D investment to advance material performance and manufacturing yields
- Integrity - compliance, ethical sourcing, and long-term supplier/customer partnerships
- Responsibility - workplace safety, environmental stewardship, and contribution to local economies
- Efficiency - lean operations and cost discipline to remain globally competitive
| Metric | Value (latest reported) |
|---|---|
| Established | 1980 |
| Listing | Shenzhen Stock Exchange (SZ:002056), 2006 |
| Employees | ~15,000 |
| Annual Revenue (approx.) | RMB 12.3 billion |
| Net Profit (approx.) | RMB 0.8 billion |
| Total Assets (approx.) | RMB 18.5 billion |
| Export Reach | More than 70 countries & regions |
| Local Tax Contribution | Largest industrial taxpayer in Dongyang City for 20+ years |
| Major Awards | Bosch Global Supplier Award; multiple industry recognitions |
- Scale manufacturing capacity in ferrite magnets and soft magnetic cores to meet EV and appliance demand while improving per-unit energy efficiency
- Expand photovoltaic and lithium-battery material lines to capture upstream and downstream value-targeting higher gross margins through value-added products
- Strengthen export and customer diversification across Europe, North America, Japan, South Korea, and Southeast Asia
- Invest in R&D and process automation aimed at yield improvement, cost reduction, and lower environmental footprint
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) - Overview
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) positions sustainability and stakeholder value at the core of its corporate purpose. The company's mission emphasizes integrating environmental stewardship, social responsibility and technological innovation into all stages of the value chain to achieve low‑carbon, intelligent and inclusive industrial development.- Integrate sustainability goals into business processes to be a responsible industry player and influence supply‑chain standards.
- Embed environmental protection in daily operations, responding proactively to climate risks and opportunities.
- Reduce carbon emissions and energy consumption through low‑carbon development and process optimization.
- Build a responsible, high‑standard supply chain to strengthen sustainable development capabilities across partners.
- Accelerate technological innovation and intelligent manufacturing to increase product competitiveness and drive industry progress.
- Protect employee rights and improve career development; expand public‑welfare participation to support social harmony.
| Indicator | Target / Latest Reported Figure |
|---|---|
| Carbon intensity reduction target | Reduce CO2 emissions per unit output by 25% vs. baseline (by 2030) |
| Year‑on‑year CO2 intensity change (latest fiscal year) | ≈ -10% (company reported energy/efficiency programs) |
| Energy consumption reduction (latest year) | ≈ -12% YoY via process upgrades and energy management |
| R&D investment (latest fiscal year) | ~RMB 400-600 million (focus on materials, magnetics, intelligent manufacturing) |
| Capital expenditure (latest fiscal year) | ~RMB 800 million-1.2 billion (capacity expansion & automation) |
| Employees | ~20,000-30,000 (manufacturing, R&D and global sales networks) |
| Supply‑chain audits | 100% tier‑1 suppliers assessed for CSR and environmental compliance (ongoing rollout) |
| Product focus | High‑performance magnetic materials, power inductors, precision components for new energy & EV sectors |
- Sustainability governance - integrate ESG targets into board oversight, annual KPIs and supplier frameworks.
- Decarbonization - retrofit production lines, deploy energy‑efficiency projects, and adopt renewable power procurement where feasible.
- Intelligent manufacturing - invest in automation, digital twins and process control to lift yield and reduce waste.
- Innovation pipeline - scale R&D in material science, magnetic component performance, and system integration for green applications.
- Human capital & welfare - career pathways, skills training and employee benefits to protect rights and promote development.
- CO2 emissions per unit of output and absolute emissions (scope 1 & 2 reporting).
- Energy consumption per unit and % renewable energy share.
- R&D intensity (R&D spend / revenue) and new‑product contribution to revenue.
- Supplier CSR compliance rates and percentage of strategic suppliers with improvement plans.
- Employee training hours, retention rates and workplace safety indexes.
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) - Mission Statement
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) commits to responsible growth that balances commercial leadership, technological innovation and measurable social and environmental impact. The company's mission centers on delivering world-class magnetic materials and new-energy solutions while upholding high standards of corporate citizenship and sustainable operation.- Be the most socially responsible enterprise in the industry through transparent governance, community engagement, and strict compliance with environmental and labor standards.
- Pursue diversified development and specialized operation: expand product and geographic footprint while strengthening core competencies in magnetics and green energy.
- Lead global innovation in magnetic materials and new energy technologies by increasing R&D intensity, accelerating patenting, and commercializing advanced solutions.
- Commit to measurable sustainability goals, including a 30% reduction in carbon emissions by 2030 and continuous improvement in energy efficiency across manufacturing sites.
- Carbon neutrality pathway: achieve a 30% reduction in carbon emissions by 2030 (base year: company-reported baseline).
- Global market expansion: grow global market share from ~15% to 25% by 2026 through capacity expansion, targeted partnerships, and geographic diversification.
- Innovation pipeline: secure 20 new patents in magnetics-related technologies by 2026 to protect breakthroughs in materials, manufacturing and energy efficiency.
- Operational focus: balance diversified business lines with specialized operational units to maintain high product quality and margins.
| Metric | Current / Baseline | Target | Target Year |
|---|---|---|---|
| Global market share (magnetics & related) | ~15% | 25% | 2026 |
| Carbon emissions reduction (vs baseline) | 0% baseline | -30% | 2030 |
| New patents (magnetics-related) | Existing portfolio (company-reported) | 20 additional patents | 2026 |
| R&D intensity (planned) | Company average | Increase to ~6% of revenue (target) | 2026 |
| International revenue share | Company FY baseline | Increase by double digits to support 25% global share | 2026 |
- R&D and IP: concentrate investments in magnetics innovation and new-energy applications to meet the 20-patent target and improve product differentiation.
- Sustainable operations: retrofit plants, electrify processes where possible, source renewable power and implement energy management systems to hit the -30% emissions goal.
- Market expansion: accelerate overseas sales channels, joint ventures and localized manufacturing to lift global market share from 15% to 25% by 2026.
- Governance & CSR: codify social responsibility practices, publish measurable KPIs, and engage stakeholders to validate the claim of being the "most socially responsible enterprise."
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) Vision Statement
Hengdian Group DMEGC Magnetics Co. ,Ltd (002056.SZ) envisions becoming a global leader in magnetic materials and intelligent manufacturing by balancing technological excellence, employee well‑being, and sustainable supply chain stewardship. The company's vision drives strategic investments in R&D, process digitization, and long‑term partnerships that enhance product competitiveness across consumer electronics, automotive electrification, and industrial applications.- People‑oriented culture that prioritizes employee care, harmonious development, and protection of rights and interests.
- Quality innovation through continuous R&D and intelligent manufacturing to sustain competitive product portfolios.
- Sustainable supply chain management focused on responsible sourcing, supplier capability development, and high compliance standards.
- Teamwork, unity, truth‑seeking, tenacity, and practical action as behavioral pillars across the organization.
- Commitment to public welfare and social harmony via targeted employee career planning and community programs.
- Talent and employee development: systematic career planning, training hours targets, and employee welfare programs.
- Innovation and product competitiveness: incremental R&D investment, patent filings, and new product commercialization metrics.
- Sustainability: supplier audits, carbon‑reduction initiatives, and circularity measures for magnets and related materials.
- Quality and long‑term service: customer satisfaction metrics, warranty performance, and lifespan testing protocols.
| Strategic Dimension | Key Focus | Representative Indicator / Reference |
|---|---|---|
| Human Capital | Employee care, career planning, training | Structured career paths, regular training programs, employee rights protection - see corporate disclosures and HR reports at Breaking Down Hengdian Group DMEGC Magnetics Co. ,Ltd Financial Health: Key Insights for Investors |
| Innovation & Quality | R&D investment, intelligent manufacturing, product lifecycle management | Ongoing R&D projects, smart factory rollouts, product qualification cycles - detailed financial/R&D figures available via the linked analysis |
| Supply Chain Sustainability | Responsible sourcing, supplier standards, risk management | Supplier audit programs, sustainability KPIs, compliance thresholds - supplier-level data and impact assessments referenced in investor materials |
| Corporate Values | Compassion, moderation, teamwork, action, unity, truth‑seeking, tenacity, innovation | Embedded in performance management, leadership programs, and corporate governance documents |
| Social Responsibility | Employee rights, public welfare, harmonious community development | Community projects, welfare initiatives, and social investment disclosures summarized in sustainability reports |
- For detailed financial metrics (revenue, net profit, R&D spend, balance sheet items) and up‑to‑date numerical analysis, consult: Breaking Down Hengdian Group DMEGC Magnetics Co. ,Ltd Financial Health: Key Insights for Investors
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