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Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波)) (China)

Main Activities: Fabricated Metal Product Manufacturing | Machinery Manufacturing
Full name: Ningbo Souwest Magnetech Development Co., Ltd. Profile Updated: March 10, 2026
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English & Chinese Download a sample report

Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波)) is a company in China, with a head office in Ningbo. It operates in the Fabricated Metal Product Manufacturing industry. The company was established on August 29, 2003. 179 (2024) employees currently work for Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波)). From the latest financial highlights, Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波)) reported a net sales revenue drop of 22.69% in Q3C2025. During that time, Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波))’s total assets decreased by 2.96%. Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波))’s net profit margin decreased by 14.23% in 2025.

Headquarters
No. 99, Lipu Road, Pupu Town, Zhenhai District, Ningbo City
Ningbo; Zhejiang; Postal Code: 315204

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Website: http://www.1stmagnetech.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 29, 2003
Key Executives
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Director
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General Manager
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Deputy General Manager
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Deputy General Manager
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Deputy General Manager
Ownership Details
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29.88%
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20.34%
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8.55%
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7.06%
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3.53%
Subsidiaries
Ningbo Ciyun Technology Co., Ltd
100%
Ningbo Magnetic Source Magnetic Products Co., Ltd
100%
Ningbo Shuwang Data Service Co., Ltd
90%
Company Performance
Financial values in the chart are available after Ningbo Souwest Magnetech Development Co., Ltd. (Ningbo) (宁波西磁科技发展股份有限公司 (宁波)) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-22.69%
Total Operating Revenue
-22.32%
Operating Profit
-74.12%
Net Profit/Loss for the Period
-81.98%
Total Assets
-2.96%
Total Equity
-1.36%
Operating Profit Margin
-8.97%
Net Profit Margin
-14.23%
Return on Equity (ROE)
-5.14%
Quick Ratio
178.11%
Cash Ratio
-0.4%

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