Comparison of the company's gross profit margin with comparable companies in the same industry. Image source: Prospectus
Posted: Tue Feb 18, 2025 4:12 am
my country is the world's main producer of rare earth raw materials. Tianhe Magnetic Materials currently mainly carries out largescale and centralized procurement from major suppliers such as China Northern Rare Earth Group HighTech Co., Ltd., Ningbo Funeng Rare Earth New Materials Co., Ltd., Youyan Rare Earth New Materials Co., Ltd., and Guangxi Rare Earth Trading Co., Ltd.
During the reporting period, Tianhe Magnetic Materials' purchases from the top hong kong phone number list s five suppliers accounted for 77.91%, 85.21%, 85.98% and 88.84% of the total purchases during the period, respectively. This is a large proportion, and there is a risk of high supplier concentration.
In addition, since a certain proportion of Tianhe Magnetic Materials' export business is settled in US dollars and euros, the company faces the risk of exchange rate fluctuations. During the reporting periods, the company's overseas sales revenue accounted for 23.03%, 36.25%, 37.56% and 48.30% of its main business revenue respectively. As the export volume continues to increase in the future, the impact of exchange rate fluctuations will increase accordingly.
During the reporting period, Tianhe Magnetic Materials' purchases from the top hong kong phone number list s five suppliers accounted for 77.91%, 85.21%, 85.98% and 88.84% of the total purchases during the period, respectively. This is a large proportion, and there is a risk of high supplier concentration.
In addition, since a certain proportion of Tianhe Magnetic Materials' export business is settled in US dollars and euros, the company faces the risk of exchange rate fluctuations. During the reporting periods, the company's overseas sales revenue accounted for 23.03%, 36.25%, 37.56% and 48.30% of its main business revenue respectively. As the export volume continues to increase in the future, the impact of exchange rate fluctuations will increase accordingly.