Ying Luo Hua: The expansion of production capacity of 5000 tons of magnetic materials is expected to start production in the second half of the year.

On June 17th, Yingluohua stated during institutional research that the company has two magnetic material production bases in Hengdian and Ganzhou. Currently, the raw material production capacity of magnetic materials is about 13,000 tons, with a utilization rate of about 70-80%. The 5,000 ton expansion capacity is expected to start production in the second half of the year, and the capacity will be gradually released based on business conditions. The company's magnetic material products are in the stage of product reserves and initial business expansion in the field of humanoid robots, and have not yet been mass produced.