Hengdian Dongci: Expected that in 2026, the revenue from the three major sectors—photovoltaic, lithium batteries, and magnetic materials devices—will all grow year over year.

People’s Finance News, April 2—Dongci (002056) said at a recent earnings conference call that in 2026, the company expects year-over-year growth in revenue across its three major segments: photovoltaics, lithium batteries, and magnet material and components. Among them, while the photovoltaic segment faces disruptions from a new round of U.S. AD/CVD investigations, the cancellation of export tax rebates, high-price fluctuations in materials such as silver paste, and further disturbances caused by some peer companies’ overseas inventory liquidation, the company will address pain points at the market level by leveraging its differentiated product strategy. Combined with its long-established operational resilience, it can still maintain reasonable profitability from the first quarter, and is expected to sustain a steady development trajectory throughout the year. The magnet material and components segment will rely on dual advantages—cost optimization and overseas bases—to intensify market expansion. It aims to see increased volume as it replaces new rare-earth-based permanent magnet materials, and to further step up deployment of soft magnetic and plastic magnet applications in emerging fields such as AI compute power’s first- and second-stage power supply management, chip power delivery, and thermal management systems, striving for improved volume and profitability on both fronts. The lithium battery segment, benefiting from sustained growth in downstream demand and the company’s product competitiveness, is also expected to achieve growth in both volume and profitability.