ETFs Chengdu Galaxy Magnets Co.,Ltd.

Chengdu Galaxy Magnets Co Ltd is a China-based company mainly engaged in the research and development, production and sales of Boned NdFeB rare earth magnet components and parts. The Company is also engaged in the research and development, production and sales of samarium cobalt magnets and hot pressed NdFeB magnets. The Bonded NdFeB magnets are mainly used in components such as spindle motors, stepper motors, synchronous motors, direct current motors, brushless direct current motor rotor assemblies and various sensor devices. The samarium cobalt magnets are mainly used in military equipment, aerospace, automation control, automobiles, communications and other industries. Hot pressed NdFeB magnets are mainly used in various high-efficiency and energy-saving motor fields such as automotive motors, power tools, servo motors, computer numerical control (CNC) machine tools, robots and others. The Company mainly operates its businesses in the domestic and overseas markets.