Hengdian Group Dmegc Magnetics Co.,Ltd. (002056.SZ), a major magnetic materials and solar cell manufacturer, has secured a significant procurement contract from Hangzhou Fuyang Yuedian New Energy Co., Ltd.

According to the winning bid announcement for the second batch of 2026 photovoltaic module procurement projects under the Guangdong Energy Group, Hengdian DMEGC was officially awarded the bid on August 12, 2026. The total winning bid amount for the project is 20.274 million yuan.

The specific project covered by the award is the "Guangdong Energy Fuyang District Lushan Street Centralized Photovoltaic Project," which falls under the broader procurement initiative.

In terms of financial performance, Hengdian Group Dmegc Magnetics Co.,Ltd. reported total revenue of 22.586 billion yuan for the full year of 2025, representing a year-on-year growth rate of 21.70%. The company's net profit attributable to its parent company stood at 1.851 billion yuan, with a modest growth rate of 1.34%. The return on equity (ROE) for the period was 17.42%.

For the first quarter of 2026, the company recorded revenue of 5.479 billion yuan, a 4.92% increase from the same period last year. However, net profit attributable to the parent company fell to 386 million yuan, a decline of 15.76% year-on-year.

The company is classified within the industrial sector and specializes in manufacturing semiconductor materials and magnetic materials. Based on its 2025 annual report, the revenue composition is primarily driven by solar monocrystalline silicon cells, which account for 63.36% of total revenue. This is followed by magnetic materials at 17.73%, lithium batteries at 12.05%, components at 4.41%, and other products at 2.46%.