Sinosteel New Materials Co., Ltd. (002057.SZ) Bundle
Founded in 2002 and headquartered in Ma'anshan City, Anhui, Sinosteel New Materials Co., Ltd. (listed on the Shenzhen Stock Exchange as 002057) specializes in magnetic materials, magnetic devices and magnetic separation equipment and has grown into a public subsidiary of state-owned Sinosteel Corporation, which was integrated into China Baowu Steel Group in 2022; the company employs over 1,700 staff, maintains ISO9001, ISO14001 and IATF 16949 certifications, and boasts a national 35% market share for its flagship manganese tetroxide while exporting high-performance Y33 and R12 strontium ferrite pre-sintered products; operationally it runs six business units (ferrite and neodymium magnets, manganous-manganic oxide, high-efficiency motors, magnetic separation and mining equipment), supports an R&D center with about 120 researchers capable of handling ~10 simultaneous projects with an R&D budget of roughly 5% of annual sales, and generates revenue from sales of magnetic materials, separators, dewatering equipment, motors, mining machinery and inspection/testing services after showcasing its offerings at CWIEME in 2018 and renaming domestically in 2020.
Sinosteel New Materials Co., Ltd. (002057.SZ): Intro
Sinosteel New Materials Co., Ltd. (002057.SZ) is a Chinese specialty materials company focused on magnetic materials, magnetic devices, magnetic separation systems and related supporting equipment. Headquartered in Ma'anshan City, Anhui Province, the company was established in 2002 and has developed capabilities across R&D, production and global sales channels. In 2018 the company presented its product range at the CWIEME exhibition, reflecting a push into international markets. In 2020 the firm adjusted its Chinese corporate name from 'Sinosteel Anhui Tianyuan Technology Co., Ltd.' to 'Sinosteel Tianyuan Co., Ltd.' and it is listed on the Shenzhen Stock Exchange under ticker 002057. Following the 2022 reorganization of its parent, Sinosteel Corporation was integrated into China Baowu Steel Group, changing the broader ownership landscape.- Founded: 2002 (Ma'anshan, Anhui)
- Listing: Shenzhen Stock Exchange - 002057.SZ
- Primary activities: R&D, production and sales of magnetic materials, magnetic devices and magnetic separation equipment
- Notable events: Exhibited at CWIEME 2018; Chinese name change in 2020; parent integrated into China Baowu in 2022
| Metric | Value / Note |
|---|---|
| Established | 2002 |
| Headquarters | Ma'anshan City, Anhui Province, China |
| Stock code | 002057.SZ (Shenzhen Stock Exchange) |
| Main product lines | Permanent magnetic materials (including NdFeB), soft magnetic materials, magnetic devices, magnetic separation equipment |
| Export / International presence | Participated in CWIEME 2018; export channels to Asia, Europe and other regions |
| Parent company | Originally Sinosteel Corporation - integrated into China Baowu Steel Group (2022) |
| Employees (approx.) | ~1,000-2,000 (company disclosures and typical mid-sized industrial profile) |
| Annual production capacity (magnetic materials, indicative) | Several thousand tonnes (product-specific capacity for NdFeB and ferrite lines; varies by year) |
- Product sales: revenue from sale of magnetic materials (e.g., NdFeB, ferrite), finished magnetic devices, and magnetic separation equipment to industrial customers in automotive, electronics, mining and heavy industry.
- Customized solutions and engineering services: design, integration and after-sales services for magnetic separation systems and device installations.
- R&D-driven product upgrades: higher-performance magnetic materials and devices commanding premium pricing (patent- or technology-linked margin uplift).
- Aftermarket parts and maintenance contracts for equipment deployed at customer sites.
- Raw material costs: rare earth element prices (Nd, Pr, Dy etc.) materially affect margins for permanent magnet products.
- Vertical integration and sourcing: parent-group relationships (Sinosteel → China Baowu) can affect steel and raw-material procurement, financing and large-contract access.
- Production utilization: capacity utilization of magnet and device production lines drives fixed-cost absorption and profitability.
- Export demand and OEM contracts: sales to automotive electrification and consumer electronics OEMs increase volume and stability of revenue.
- 2002 - Company established in Ma'anshan, Anhui.
- 2018 - Exhibited at CWIEME, increasing international marketing and channel exposure.
- 2020 - Chinese name changed to Sinosteel Tianyuan Co., Ltd.
- 2022 - Parent Sinosteel Corporation integrated into China Baowu Steel Group.
Sinosteel New Materials Co., Ltd. (002057.SZ): History
Sinosteel New Materials Co., Ltd. (002057.SZ) traces its roots to the materials and mineral-processing arms of Sinosteel Corporation, evolving into a publicly listed specialty materials manufacturer focused on manganese compounds, magnesium products and related advanced inorganic materials. Key historical milestones include corporatization and listing on the Shenzhen Stock Exchange, growth of its manganese tetroxide business to national leadership, and integration into a larger state-controlled industrial group following corporate reorganizations in the early 2020s.- Listed: Shenzhen Stock Exchange, stock code 002057
- Parent: Sinosteel Corporation (state-owned); integrated under China Baowu Steel Group in 2022
- Employees: >1,700, with a high share of mid- and senior-level technical staff
- Product leadership: ~35% national market share in manganese tetroxide
- Mission: supply advanced inorganic materials for steelmaking, battery precursors and industrial applications while improving resource efficiency and technological capability
- R&D emphasis: pilot and scale-up of high-value manganese and magnesium derivatives, process optimization to lower emissions and costs
- Core products: manganese tetroxide (Mn3O4), other manganese oxide grades, magnesium compounds and specialty inorganic powders
- Revenue drivers: bulk sales to steelmakers, chemical manufacturers and battery-material producers; long-term supply contracts and spot-market sales
- Margin levers: product mix toward specialty grades, vertical integration with ore sourcing and processing, process efficiency gains
| Metric | Value / Note |
|---|---|
| Listing | Shenzhen Stock Exchange (002057.SZ) |
| Parent ownership | Sinosteel Corporation (state-owned); consolidated under China Baowu Steel Group since 2022 |
| Employees | >1,700 (substantial mid/senior technical cadre) |
| Market share (manganese tetroxide) | ~35% national market share |
| Main customers | Steelmakers, chemical firms, battery-material manufacturers |
Sinosteel New Materials Co., Ltd. (002057.SZ): Ownership Structure
Sinosteel New Materials Co., Ltd. (002057.SZ) is a listed subsidiary focused on magnetic materials and related equipment, operating within the Sinosteel ecosystem and serving domestic and export markets. The company emphasizes technological innovation, quality management and customer-centric product development to maintain leadership in magnetism applications using soft and ferrite magnetic materials.- Mission: Provide high-quality magnetic materials and related equipment to meet diverse industrial needs, emphasizing innovation and technological advancement.
- Core values: quality, responsibility, trust, dignity - evidenced by ISO9001, ISO14001 and IATF 16949 certifications.
- Customer focus: deliver advantages in cost, quality, lead time, service and innovation to industrial clients across automotive, electronics, power and other sectors.
- Products and revenue streams: soft magnetic cores, ferrite magnets, magnet assemblies, and magnet-related production equipment sold to OEMs and distributors.
- Vertical integration: in-house material processing, component manufacturing and equipment supply reduce cost and shorten lead times.
- R&D-driven margin expansion: investment in new alloys, process automation and application-specific magnetic designs to capture higher-value segments (e.g., automotive motors, power electronics).
- Service and aftermarket: technical support, custom engineering and replacement components add recurring revenue and deepen customer relationships.
| Metric | Value |
|---|---|
| Stock code | 002057.SZ |
| Major controlling shareholder | Sinosteel Group (state-owned parent) - majority stake (approx. 42.7%) |
| Public/free float | Approx. 57.3% |
| Revenue (2023) | RMB 2.15 billion |
| Net profit (2023) | RMB 160 million |
| Total assets (2023) | RMB 6.8 billion |
| Market capitalization (approx., end‑2023) | RMB 4.2 billion |
- Domestic leadership goal: specialize in magnetism applications and both soft and ferrite magnetic materials to be a go-to supplier for Chinese OEMs.
- Certifications underpin quality and global competitiveness: ISO9001, ISO14001 and IATF 16949 enable access to automotive and high-reliability markets.
- R&D + production alignment: investments in process optimization and material science aim to improve yields, reduce cost per unit and expand margins.
Sinosteel New Materials Co., Ltd. (002057.SZ): Mission and Values
Sinosteel New Materials Co., Ltd. (002057.SZ) focuses on advanced magnetic and battery-related materials, high-efficiency motors, and mineral processing equipment, combining materials science with industrial machinery to serve domestic and export markets. The firm's mission emphasizes innovation-driven materials development, energy efficiency, and industrial upstream integration to capture value across the magnetics, battery, and mining equipment value chains.- Core mission: develop high-performance magnetic and battery materials while supplying energy-saving motor solutions and mineral-processing equipment to support electrification and resource efficiency.
- Values: technological leadership, quality assurance, export competitiveness, and vertical integration from raw material processing to final products.
- Magnetic materials - ferrite and rare-earth magnet products for motors and consumer electronics.
- Manganous-manganic oxide - battery and ferrite-grade manganese tetroxide production (leading national share).
- Ferrite magnets - pre-sintered strontium ferrite (Y33, R12) with major export orientation.
- Neodymium magnets - high-performance rare-earth permanent magnets for motors and industrial applications.
- High-efficiency energy-saving motors - integrated motor systems targeting industrial and commercial energy savings.
- Mining equipment - separators, filters, high-pressure grinding rolls (HPGR), and tower mills for mineral beneficiation.
- Employees: >1,700 total staff, with a significant portion in mid-level and senior technical roles.
- R&D team: >120 researchers and engineers organized into eight research orientations: ferrite magnetic material, soft magnetic material, multi-poles magnetic material, battery material, separator, tower mill, physical and chemical analysis, and advanced frontier material.
- R&D capacity: R&D center manages ~10 concurrent projects and allocates ~5% of annual sales revenue to R&D.
- Manganese tetroxide: ~35% national market share for the company's leading product.
- Ferrite exports: Y33 and R12 pre-sintered strontium ferrite high-performance products are primarily export-oriented, recognized for superior quality.
| Metric | Value / Notes |
|---|---|
| Total employees | >1,700 |
| R&D headcount | >120 researchers & engineers |
| R&D orientations | 8 (ferrite, soft magnetic, multi-poles, battery, separator, tower mill, phys/chem analysis, advanced frontier) |
| Concurrent R&D projects | ~10 |
| R&D budget | ~5% of annual sales revenue |
| Market share - manganese tetroxide (national) | ~35% |
| Flagship ferrite products | Y33, R12 pre-sintered strontium ferrite (mainly exported) |
| Primary product families | Magnetic materials, manganous-manganic oxide, ferrite & neodymium magnets, energy-saving motors, separators/filters/HPGR/tower mills |
- Product sales: domestic and export sales of ferrite and rare-earth magnets, manganese tetroxide for battery/ferrite applications.
- Equipment sales: mining and mineral-processing machinery (separators, HPGR, tower mills) sold to miners and beneficiation plants.
- Systems & solutions: integrated high-efficiency motor systems and components for OEMs and industrial customers.
- Value capture via vertical integration: upstream manganese processing feeding downstream magnetic and battery material products, improving margins and supply security.
Sinosteel New Materials Co., Ltd. (002057.SZ): How It Works
Sinosteel New Materials (002057.SZ) operates as an integrated materials and equipment supplier focused on magnetic materials, magnetic separation and mineral processing equipment, energy-efficient motors, and testing/inspection services. Its business model monetizes both high-value materials (permanent magnets, ferrites) and capital goods/services for mining, metallurgy and downstream manufacturing.- Magnetic materials sales - ferrite magnets (including Y33, R12 strontium ferrite pre-sintered grades), rare-earth neodymium magnets and manganous‑manganic oxide products sold to domestic appliance, automotive and export markets.
- Magnetic separation & mineral processing equipment - permanent wet drum magnetic separators, high-efficiency dewatering units, separators, filters, HPGR and tower mills supplied to mines and processing plants.
- High-efficiency energy‑saving motors - integrated into customers' equipment and sold as standalone products for industrial energy savings.
- Testing, inspection & technical services - third‑party inspection/testing of metal products, structural parts, steel structures and raw materials for engineering and fabrication customers.
- Export sales & international catalog - high-performance strontium ferrite grades (Y33, R12) mainly exported; equipment and service contracts delivered to overseas clients.
| Revenue Stream | Primary Products/Services | Estimated share of revenue (%) |
|---|---|---|
| Magnetic materials | Ferrite magnets (Y33, R12), NdFeB, manganous‑manganic oxide | 40-55% |
| Magnetic separation & processing equipment | Wet drum separators, dewatering, HPGR, tower mills, filters | 20-35% |
| Energy‑efficient motors | Industrial motors, motor components | 5-15% |
| Inspection & testing services | Material testing, structural inspection, QC services | 3-8% |
| After‑sales, spares & maintenance | Spare parts, maintenance contracts | 2-7% |
- Volume + price mix in magnetic materials: higher-margin specialty grades (Y33/R12) and NdFeB fetch premium prices, especially on export markets; commodity ferrites provide volume stability.
- Project-based equipment sales: large, one‑off capital contracts (separators, HPGR, tower mills) produce lump-sum revenue and typically include engineering margins and scheduled milestones for billing.
- Recurring service & spare parts: maintenance contracts and consumable replacements (magnetic systems, filters, dewatering media) generate higher-margin, recurring cash flows.
- Testing & inspection: lower-capital, steady-fee revenue that leverages in-house labs and certification capabilities, often bundled with equipment or materials contracts.
- Export & currency exposure: exports of high-performance ferrite products (notably Y33/R12) bring foreign currency receipts and depend on global demand in consumer electronics and automotive sectors.
| Metric | Indicative Value |
|---|---|
| Average order size - equipment projects | RMB 1-50 million per project (varies by scope) |
| Typical margin - specialty magnetic materials | Gross margin range 15-30% |
| Typical margin - equipment supply & EPC | Gross margin range 10-25% |
| Recurring service revenue share | ~10-20% of product/equipment revenue over lifecycle |
| Export proportion of ferrite product sales | Y33/R12 primarily exported - can constitute 30-60% of ferrite revenue for export-oriented periods |
- Raw material sourcing → magnetic material production (pre‑sintered ferrite, NdFeB components) → magnet manufacturing or sale as preforms.
- Engineering & manufacturing of separators, filters, HPGR and tower mills → project delivery (installation & commissioning) → after‑sales service and spare parts.
- Testing & inspection performed for internal quality control and external third‑party clients, supporting EPC bids and certification requirements.
- Shifting product mix toward higher‑margin specialty ferrites and export orders (Y33/R12).
- Winning equipment/EPC contracts with favorable payment milestones and change‑order capture.
- Increasing recurring service, maintenance and spare parts penetration on installed base.
- Energy efficiency and cost control in manufacturing (reducing power and sintering costs for ferrite production).
- Leveraging testing/inspection competencies to cross‑sell into materials and equipment contracts.
Sinosteel New Materials Co., Ltd. (002057.SZ): How It Makes Money
Sinosteel New Materials Co., Ltd. (002057.SZ) generates revenue primarily by producing and selling magnetic materials, beneficiation equipment and dewatering systems, and by exporting high-performance pre-sintered ferrite products. The company's commercial strength is anchored in a dominant domestic position for manganese tetroxide and a growing international footprint.- Core product market share: 35% national share in manganese tetroxide production, making it the market leader in this segment.
- High-performance ferrite exports: Y33 and R12 strontium ferrite pre-sintered products are mainly exported and recognized for superior quality.
- Equipment sales: Magnetic separation and related supporting equipment, plus high-efficiency dewatering systems, contribute recurring industrial sales to steel beneficiation and mineral-processing customers.
| Revenue stream | Description | Key customers / markets |
|---|---|---|
| Magnetic materials (manganese tetroxide & ferrites) | Sale of bulk manganese tetroxide and pre-sintered strontium ferrite grades (Y33, R12) | Domestic steelmakers (Baosteel, Maanshan Iron & Steel); exports to India, Vietnam, North Korea |
| Processing & beneficiation equipment | Design, manufacture and sale of magnetic separation equipment and supporting systems | Domestic mineral-processing industry; steel beneficiation plants |
| Dewatering and auxiliary systems | High-efficiency dewatering equipment sold to mining and steel sectors | Domestic industrial customers; aftermarket parts and service contracts |
- Industrial integration: Clients include major domestic steel beneficiation enterprises (Baosteel, Maanshan), supporting stable large-volume contracts.
- Export channels: Regular sales to overseas markets (India, Vietnam, North Korea) for high-performance ferrite products.
- Parent company impact: Sinosteel Corporation's 2022 integration into China Baowu Steel Group can strengthen procurement, distribution and credit support, improving competitive position and potentially enabling larger consolidated projects.
- Growth drivers: Continued R&D on magnetic materials and equipment efficiency positions the company to capture rising demand in EV motors, renewable energy generators, and upgraded steel beneficiation processes.
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