Hengdian Group DMEGC Magnetics

What Hengdian Group DMEGC Magnetics does

Hengdian Group DMEGC Magnetics Co., Ltd. (横店集团东磁股份有限公司) is a publicly listed Chinese manufacturer (Shenzhen Stock Exchange: 002056) operating a dual-driver 'magnetic materials + new energy' business model since its founding in 1980 and restructuring into a joint-stock company in 1999. The company operates four product divisions: (1) magnetic materials including permanent ferrite magnets, soft ferrite, plastic bonded magnets, and powder materials; (2) PV solar modules and cells with the INFINITY RT high-efficiency product line reaching 24.8% efficiency at 670W; (3) lithium battery cells in 18650 and 21700 cylindrical formats plus energy storage PACK modules and the H02 home energy storage system; and (4) components including hard alloy products, inductors, vibration motors, RF devices, electromagnetic actuators, caps, wireless charging modules, and motor housings.

The company operates 10+ manufacturing bases across China (Sichuan, Hubei, Henan, Anhui, Jiangsu, Guangxi) and Southeast Asia (Vietnam, Indonesia, Thailand) with a workforce of 19,000+, supported by a patent portfolio of 1,931 authorized patents including 873 invention patents and 75 international/national/industry standards. Technology credentials include the National Technology Invention Award Second Prize and National Science Progress Award Second Prize for soft magnetic materials, Bloomberg NEF Tier 1 PV module status, and ISO 56005 Level 3 certification. The company maintains an R&D pipeline targeting BC and perovskite photovoltaic technologies, having filed 132 patents in 2025 alone.

Revenue is generated through direct B2B enterprise hardware sales across a horizontal segmentation model spanning consumer electronics, new energy vehicles, automotive and home appliance motors, renewable energy installations, and emerging AI/computing infrastructure applications. Key named customers include Nidec, Samsung, and Bosch (the latter awarding DMEGC its Global Best Supplier Award in 2019). Products are exported to nearly 70 countries and regions through overseas logistics centers and direct field sales. Revenue exceeded 22.6 billion CNY in 2025 with year-to-date January-September 2025 net profit growth of 50.1%-65.2% Y/Y.

Name

Hengdian Group DMEGC Magnetics

Legal name

横店集团东磁股份有限公司 (Hengdian Group DMEGC Magnetics Co., Ltd.)

Website

https://chinadmegc.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hengdian Group DMEGC Magnetics is a publicly listed Chinese manufacturer operating a 'magnetic materials + new energy' dual-driver business, producing permanent ferrite magnets, soft ferrite, photovoltaic modules, and lithium batteries for global enterprise customers in consumer electronics, automotive, and renewable energy sectors across nearly 70 countries.

Ownership category

akta.pro rank

Product category

Magnetic Materials and Photovoltaic Components

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416), Other Electrical Equipment and Component Manufacturing (3359), Electrical Equipment Manufacturing (33531)

SIC

Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Passive Components (Resistors, Capacitors, Inductors, Ferrites) (IMAGAJAA)

akta.pro secondary industries

Inductors & Coils (Power/RF/Chokes) (HDAHANAC), Transformers & Magnetics (Power/Signal) (HDAHANAD)

Keywords

• Permanent ferrite magnets
• Soft ferrite materials
• Photovoltaic solar modules
• Lithium battery cells
• Electronic components manufacturing

Headquarters

HQ city

Dongyang

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Magnetic Materials (磁材板块): Core magnetic materials business including permanent ferrite magnets, soft ferrite, plastic bonded magnets, and powder materials. Leading enterprise in China's ferrite magnetic materials industry. Products widely used in automotive, home appliances, and industrial motors.
2. PV Solar (光伏板块): Photovoltaic module manufacturing and solar cell production. Products include DM580-600M10T-B72HSW, DM610-635G12RT-B66HSW, DM630-650M10T-B78HSW, DM695-720G12T-B66HSW series. Ranked in Bloomberg NEF Tier 1 global PV module manufacturers.
3. Lithium Battery (锂电板块): Lithium battery cell production including 18650 and 21700 series for power tools, garden tools, AGV, and energy storage applications. Battery capacity covers power type and energy type options.
4. Components (器件板块): Components division includes hard alloy products (WC anvils for synthetic diamond production), inductors, vibration motors, RF devices, electromagnetic actuators, caps, wireless charging modules, and motor housings.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Hengdian Group DMEGC Magnetics manufactures and markets hard (permanent) ferrite magnets, soft ferrite magnets, plastic bonded magnets and powder materials, plus photovoltaic modules and cells, cylindrical lithium-ion battery cells (18650/21700), energy storage systems, and a range of electronic components (hard alloy products, inductors, vibration motors, RF devices, electromagnetic actuators, caps, wireless charging modules, and motor housings). The company operates a dual-driver "magnetic materials + new energy" strategy serving automotive, home appliance, consumer electronics, renewable energy, and AI/computing infrastructure customers across nearly 70 countries.

Product overview

Hengdian Group DMEGC Magnetics (横店集团东磁股份有限公司) operates as a 'Magnetic Materials + New Energy' dual-driven enterprise listed on Shenzhen Stock Exchange (stock code: 002056). The company offers four main product categories: (1) Magnetic Materials including permanent magnets (segment magnets for motors, arc magnets, square magnets), soft ferrite, plastic bonded magnets, and powder materials; (2) Lithium Battery Products including 18650 and 21700 cylindrical cells and energy storage PACK modules; (3) PV Solar Products including high-efficiency INFINITY RT series modules (650W-720W), steel frame and composite frame components, and lightweight roof-mount solutions; (4) Components including hard alloy products, inductors, vibration motors, RF devices, electromagnetic actuators, caps, wireless charging modules, and motor housings. The company also offers the H02 home energy storage system with AI-powered energy optimization and the Greenhouse Agricultural Photovoltaic System.

Differentiator

Problem solved

Functional benefit

Brands

• DMEGC Solar: PV Solar brand for solar modules and cells
• INFINITY RT

Products and services

• Magnetic Materials (Permanent Ferrite, Soft Ferrite, Plastic Bonded, Powder Materials) Comprehensive range of magnetic materials including permanent ferrite magnets (segment magnets for motors, arc magnets, round ring magnets, microwave oven magnets, square magnets), soft ferrite, plastic bonded magnets, and powder materials. Used by automotive, home appliance, consumer electronics, and industrial motor manufacturers for high-volume production runs.
• PV Solar Modules (DM580-600M10T-B72HSW, DM610-635G12RT-B66HSW, DM630-650M10T-B78HSW, DM695-720G12T-B66HSW) Photovoltaic modules featuring N-type technology with multiple power ranges and form factors, including steel frame and lightweight configurations for commercial/industrial roofs. Sold as Tier 1 Bloomberg NEF-listed modules for utility-scale, commercial, and residential solar installations.
• INFINITY RT Series Solar Modules (3.0 650W and 4.0 670W) High-efficiency N-type photovoltaic module product line including INFINITY RT 3.0 (650W with high-density packaging) and INFINITY RT 4.0 (670W with quarter-piece technology, 24.8% efficiency). Includes steel and composite frame options.
• PV Solar Cells Solar cells for photovoltaic power generation, used internally for module production and supplied for applications requiring cells.
• 18650 Lithium Battery Cells (18650-20P, 18650-25P, 18650-30P) 18650 cylindrical lithium-ion battery cells including 18650-20P (3C fast charging, 15C discharge, -20°C low temperature discharge), 18650-25P (8C cycle 500 times with 80% capacity retention, 6A fast charging, 30A high-current discharge), and 18650-30P (6A continuous charging, 300 cycles at 4A charge/15A discharge with 80% retention, 20A continuous discharge). Used in power tools, garden tools, AGV, and energy storage applications.
• 21700 Lithium Battery Cells 21700 cylindrical lithium-ion battery cells for power and energy storage applications, complementing the 18650 line for higher-capacity requirements.
• Energy Storage and PACK Modules Battery pack modules and complete energy storage solutions integrating 18650 and 21700 cells, designed for power and energy applications including energy storage systems.
• H02 Home Energy Storage System Residential and commercial energy storage system with AI-powered dynamic electricity pricing and millisecond-level grid/off-grid switching. Single-phase 3.6-8kW and three-phase 4-15kW models with 10-60 kWh flexible capacity, supporting 2-12 battery module stacking and up to 3 units in parallel. Integrates with DMEGC cloud for remote monitoring.
• Lightweight Photovoltaic Modules Lightweight photovoltaic modules that reduce weight by 44% versus traditional same-size components, designed for lightweight roof installations including color steel tile roofs without requiring structural reinforcement.
• Steel Frame Solar Components Steel frame PV components offering high mechanical strength, low thermal expansion, lower carbon emissions, low galvanic corrosion risk, and bifacial rate above 85% enabled by new open rear-side shading design.
• Composite Material Frame Solar Components Composite material frame solar components made of polyurethane + glass fiber, offering resistance to humid heat, acid/alkali, and salt spray, with axial tensile strength approximately 5x that of conventional aluminum profiles.
• Greenhouse Agricultural Photovoltaic System Agricultural solar system for greenhouse applications featuring customizable border design and component light transmittance, comprehensively balancing PV power generation, roof waterproofing, and crop photosynthesis requirements.
• Hard Alloy Products (Cemented Carbide) Cemented carbide (hard alloy) products including WC six-sided top hammers for synthetic diamond production, composite sheet substrates, non-standard cemented carbide for molds, non-standard oil-field cemented carbide, and high-specific-gravity tungsten products for industrial applications.
• Inductors Inductor components for various electronic applications.
• Vibration Motors Vibration motor components for electronic devices, typically used as haptic feedback in consumer electronics and IoT devices.
• RF Devices (5G) 5G radio frequency devices and components for wireless communication applications.
• Electromagnetic Actuators Electromagnetic actuator components for industrial automation and control applications.
• Caps (Component Caps) Cap components for electronic packaging applications.
• Wireless Charging Modules Wireless charging module solutions for consumer and industrial electronics requiring inductive power transfer.
• Motor Housings and Components Motor housing and component assemblies for various motor applications.

Quantifiable outcome

• Revenue exceeded 226 billion RMB in 2025
• +5 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Zhejiang University (浙江大学)coreStrategic or Co-development Partner · 27 January 2026Zhejiang University collaborates with DMEGC's concept verification center for magnetic materials and new energy, jointly constructing a full-chain technology achievement conversion system. University provides research capabilities and talent for joint development projects.
• Chinese Academy of Sciences Ningbo Institute of Materials Technology and Engineering (中国科学院宁波材料技术与工程研究所)coreStrategic or Co-development Partner · 27 January 2026CAS Ningbo Institute collaborates with DMEGC's concept verification center, providing research expertise and technology development support for magnetic materials and new energy products.
• BCI Group (山西秦云/山西秦能)coreStrategic or Co-development Partner · 23 January 2026DMEGC invested in BCI Group (Shanxi Qinyun and Shanxi Qinneng) equity, marking the company's deep integration into new quality productive forces and new step toward AI computing infrastructure transformation. BCI is a vertical integrated operator of next-generation computing infrastructure focusing on 'advanced energy + advanced equipment + advanced park' computing industry chain.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• JinkoSolar: One of the world's largest PV module manufacturers and a Bloomberg NEF Tier 1 producer. Direct competitor to DMEGC's PV solar segment in utility-scale and distributed generation markets globally.
• Trina Solar: Global Tier 1 PV module manufacturer with significant N-type and TOPCon technology investments. Direct peer in PV modules with overlapping customer base in European and Asia-Pacific utility-scale projects.
• Ningbo Yunsheng Co., Ltd. Major Chinese producer of NdFeB and ferrite magnetic materials serving automotive, wind energy, and consumer electronics. Direct domestic competitor to DMEGC in permanent magnetic materials, particularly in NEV motor magnets.
• TDK Corporation: Japanese electronic components giant and a global leader in ferrite magnets, inductors, transformers, and magnetic materials. Direct competitor to DMEGC's core magnetic materials and components business across automotive, consumer electronics, and industrial motor applications.
• JA Solar Technology: Top-5 global PV module manufacturer and Bloomberg NEF Tier 1 producer. Competes directly with DMEGC in N-type modules, BC cell technology, and Tier 1 utility-scale procurement.
• EVE Energy: Leading Chinese manufacturer of cylindrical 18650/21700 lithium-ion cells for power tools, garden tools, and ESS. Direct competitor to DMEGC's lithium battery segment with overlapping customer base and form factors.
• LONGi Green Energy Technology: World's largest monocrystalline silicon and BC (Back Contact) cell/module producer. Closely comparable to DMEGC's BC technology investments and PV module portfolio, with stronger scale and brand in Tier 1 procurement.
• Hitachi Metals (Proterial): Major Japanese producer of ferrite magnets, NdFeB magnets, and soft magnetic materials for automotive, industrial, and electronics markets. Closely comparable to DMEGC in permanent ferrite segment magnets for motors and home appliances.
• Canadian Solar: Global Tier 1 PV module manufacturer with strong North American and European presence. Direct competitor to DMEGC in utility-scale and commercial PV markets, particularly relevant as both companies pursue overseas manufacturing to serve Western customers.

Broad incumbents

• CATL (Contemporary Amperex Technology): Global leader in lithium-ion batteries for EVs and energy storage, with massive scale and direct OEM relationships. Competes with DMEGC's lithium battery segment from a position of overwhelming scale, though DMEGC focuses on cylindrical cells where CATL is less dominant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dmegc

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hengdian Group DMEGC Magnetics