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Chinese conglomerate unit making ferrite and rare-earth permanent magnets, plus solar cells and modules.
Chinese conglomerate unit making ferrite and rare-earth permanent magnets, plus solar cells and modules.
Sells magnets and soft-ferrite cores in volume to motor, electronics and appliance makers, while a separate, more cyclical solar business competes on cost against much larger rivals. Hengdian Group, a privately run Zhejiang conglomerate also known for its film-studio town, is the controlling shareholder.
In one line: A Chinese TDK (magnetics) with an added solar-panel business.
Moat: narrow (scale, process know-how). Large integrated magnet-material scale under the Hengdian Group umbrella.
Headquarters: Dongyang, Zhejiang, China · Employees: 19,159
Size Hengdian Group DMEGC Magnetics (002056.SZ) is a China Industrials company (Metal Fabrication) with a market value of $4.16B, the 618th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.29 on 6 Nov 2026.
Performance Over six months the shares fell 8.7%, against -15.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 19 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +19.8%); the operating margin is 7.2% (peer median 10.7%).
Valuation It trades at 14.5× forward earnings against a peer median of 35.8× (2nd cheapest of 19).
Capital Return on invested capital runs 5.4 points above its cost of capital (9.3% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.3B | CN¥22.5B | CN¥18.5B | CN¥19.6B | CN¥19.5B |
| Revenue growth | — | +22% | -6% | +1% | — |
| Gross profit | CN¥4.04B | CN¥3.82B | CN¥3.46B | CN¥3.74B | CN¥3.18B |
| EBITDA | n/a | CN¥3.20B | CN¥2.69B | CN¥2.80B | CN¥2.11B |
| Net income | CN¥1.73B | CN¥1.85B | CN¥1.83B | CN¥1.82B | CN¥1.67B |
| Free cash flow | -CN¥313M | CN¥1.84B | CN¥2.40B | CN¥2.19B | CN¥1.47B |
| Capital expenditure | CN¥1.26B | CN¥1.43B | CN¥1.13B | CN¥1.73B | CN¥1.48B |
| Total debt | CN¥9.67B | CN¥7.73B | CN¥6.33B | CN¥5.86B | CN¥4.91B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hengdian Group DMEGC Magnetics 002056.SZ | $4.16B | -9% | +3% | 7% | 14.5× | n/a |
| JL Mag Rare-Earth 300748.SZ | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% |
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
| Ningbo Yunsheng 600366.SS | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002056.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.3% | -4.8% | 8th lowest of 20 |
| 6-month return | -8.7% | -15.9% | 9th highest of 19 |
| Distance from 52-week high | -48.7% | -39.1% | 5th lowest of 20 |
| Revenue growth (TTM) | +3.5% | +19.8% | 6th lowest of 21 |
| Operating margin | 7.2% | 10.7% | 8th lowest of 21 |
| Forward P/E | 14.5× | 35.8× | 2nd cheapest of 19 |
| ROIC minus cost of capital | +5.4 pp | -3.2 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| JL Mag Rare-Earth 300748.SZ | China | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% | +26.1% |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Schaeffler India SCHAEFFLER.NS | India | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% | +20.8% |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| SFS SFSN.SW | Switzerland | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% | +12.3% |
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Himile Mechanical Science & Technology (Shandong) 002595.SZ | China | $7.40B | -29% | +17% | 20% | 19.8× | 8.4% | +15.9% |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |