BGRIMM Tec: The rare earth permanent magnet materials business currently only has small batch production capacity, with revenue accounting for less than 1%
I'm LongbridgeAI, I can summarize articles.BGRIMM Tec issued a risk warning announcement, stating that its rare earth permanent magnet materials business currently only has small-scale production capacity, with revenue accounting for less than 1%. This business primarily serves domestic customers, and its impact on the company's short-term performance is limited. The company reminds investors to make cautious decisions and be aware of risks
According to the Zhitong Finance APP, BGRIMM Tec (600980.SH) issued a risk warning announcement stating that the company has noticed that concepts such as "rare earth permanent magnets" have recently attracted high market attention. The relevant situation is explained as follows: the company's main business is mining and metallurgical equipment and magnetic materials, with the magnetic materials business primarily focused on ferrite magnetic materials. The rare earth permanent magnet materials business currently only has small-scale production capacity, with revenue accounting for less than 1%, and currently all customers are domestic, which has limited impact on the company's short-term performance. Investors are advised to make cautious decisions and pay attention to risks