Shandong Chunguang Technology Group Co Ltd was listed on the Shenzhen Stock Exchange on May 11. It marks a significant milestone for Linyi's magnetoelectric materials industry as well as its efforts to support local enterprises in entering capital markets.
Based in the Linyi National Hi-tech Industrial Development Zone, the company has spent nearly two decades developing magnetic materials, components, and smart power products. It has expanded from a local manufacturer to a major producer of soft ferrite materials, with products used in AI computing servers, new energy vehicles, energy storage, photovoltaics, and high-end medical equipment.
Chunguang has an annual soft ferrite powder capacity of over 120,000 metric tons. In 2024, it held a 12.8 percent share of the domestic market, while the global market share of its core products exceeded 20 percent.
In 2025, the company reported revenue of 1.154 billion yuan ($160.3 million) and a net profit of 124 million yuan. In the first quarter of this year, revenue grew 36 percent year on year, while net profit rose 46 percent year on year.
Innovation has been key to its growth. The company invests about 4 percent of its annual revenue in research and development, has created over 20 provincial-level or higher innovation platforms, and holds more than 130 authorized patents.
As Chunguang enters the capital market, the city's magnetoelectric materials industry is gaining momentum in high-end manufacturing and global supply chains.
Chunguang Group's listing marks a milestone for Linyi's magnetoelectric materials industry. [Photo/Dazhong News]
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