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Sinosteel New Materials Co., Ltd. (China)

Main Activities: Chemical Manufacturing | Primary Metal Manufacturing | Other Electronic Component Manufacturing
Secondary Activities: Agriculture, Construction, and Mining Machinery Manufacturing | Electrical Equipment Manufacturing
Full name: Sinosteel New Materials Co., Ltd. Profile Updated: March 17, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

Sinosteel New Materials Co., Ltd. is a company located in Maanshan, China. The company specializes in the research, development, production, and sales of magnetic materials, magnetic devices, magnetic separation, and related supporting equipment. Their main products include high-purity manganese tetroxide soft magnetic materials, electrolytic metal manganese, magnetic separation and related supporting equipment, and high-efficiency dewatering equipment. Sinosteel New Materials Co., Ltd. holds a 35% market share in the national market for their leading product, manganese tetroxide. Their Y33 and R12 high-performance strontium ferrite pre-sintered products are mainly exported and are known for their superior quality. The company's magnetic separation and related supporting equipment, as well as their high-efficiency dewatering equipment, are highly competitive in the market and have a strong presence in the domestic industry. Their products have been sold to major domestic steel beneficiation enterprises such as Baosteel and Maanshan Iron and Steel, as well as overseas markets including India, Vietnam, and North Korea. On May 11, 2020, the company changed its Chinese name from "Sinosteel Anhui Tianyuan Technology Co., Ltd." to "Sinosteel Tianyuan Co., Ltd."

Headquarters
9 Huolishan Boulevard(S. Section) Yushan District Ma'anshan Anhui
Maanshan; Anhui; Postal Code: 243000

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Website: http://www.ty-magnet.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:
March 27, 2002
Key Executives
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Chairman
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Chairman of the Supervisory Board
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Director
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Director
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Director
Ownership Details
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16.25%
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7.16%
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4.89%
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3.48%
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3.17%
Subsidiaries
Hunan Special Metal Materials Co., Ltd.
100%
Sinosteel Nanjing New Materials Research Institute Co., Ltd.
100%
Sinosteel Tianyuan (Ma''anshan) Tongli Magnetic Materials Co., Ltd.
100%
Company Performance
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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
-0.54%
Total operating revenue
-2.36%
Operating profit (EBIT)
9.27%
Net Profit (Loss) for the Period
-8.06%
Total assets
11.06%
Total equity
6.67%
Operating Profit Margin (ROS)
1.24%
Net Profit Margin
-1.13%
Return on Equity (ROE)
-1.33%
Debt to Equity Ratio
5.09%
Quick Ratio
-0.34%
Cash Ratio
0.03%

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