The due diligence and related work for the Galaxy Magnet proposed acquisition are still in progress.

Radar Finance | Feng Xiuyu Text | Li Yihui

On February 24, Galaxy Magnet (300127) announced that on September 27, 2025, it disclosed the “Chengdu Galaxy Magnet Co., Ltd. Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds Plan” and its summary. The company plans to purchase 100% equity of Sichuan Jingdu Longtai Technology Co., Ltd. held by 14 transaction counterparties through issuing shares and paying cash, and intends to raise supporting funds by issuing shares to no more than 35 specific investors. This transaction is not expected to constitute an associated transaction, major asset restructuring, or a reorganization listing.

As of the announcement date, work such as auditing, valuation, and due diligence is still ongoing, and the transaction plan requires further negotiation, with uncertainties remaining. The company will fulfill its information disclosure obligations promptly based on progress.

According to Tianyancha data, Galaxy Magnet was established on March 23, 2001, with a registered capital of 321.14636 million RMB. The legal representative is Dai Yan, and the registered address is No. 6 Baicao Road, West District, Chengdu High-tech Zone. Its main business involves the research, development, production, and sales of bonded NdFeB rare earth magnetic components and parts, samarium-cobalt magnets, and hot-pressed NdFeB magnets.

Currently, the company’s chairman is Dai Yan, the secretary of the board is Zhu Kuiwen, and it has 1,401 employees.

The company has a stake in one affiliated company, including Chengdu Yinci Materials Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 992 million yuan, 824 million yuan, and 799 million yuan, respectively, with year-on-year growth of 15.21%, -16.95%, and -3.04%. Net profit attributable to the parent was 171 million yuan, 161 million yuan, and 147 million yuan, with year-on-year declines of -11.51%, -6.10%, and -8.58%. During the same period, the company’s asset-liability ratio was 7.69%, 9.45%, and 6.86%.

Regarding risks, Tianyancha information shows that the company has 1 internal Tianyan risk, 4 surrounding Tianyan risks, 22 historical Tianyan risks, and 28 early warning Tianyan risks.