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Rare Earth Magnesium Technology Group Holdings 601.HK · HKD

Materials · HKEX · 🇭🇰 Hong Kong

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0.06

-5.00%

Close of 9 Nov 2026, in HKD

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About Rare Earth Magnesium Technology Group Holdings

Its shares trade on HKEX under the ticker 601.HK. It has been listed since 28 January 1993. In the fiscal year to 31 December 2024, it reported revenue of HK$242.7m and a net loss of HK$408.4m. At that date it held total assets of HK$1.03bn and shareholders' equity of HK$155.5m.

Rare Earth Magnesium Technology Group Holdings Ltd. engages in the design, manufacture, and sale of electronic dictionaries. The company employs 377 full-time employees The firm Products include magnesium ingots, semi-coke and ferroalloy. The firm operates its business on China and Europe.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
28 Jan 1993
Employees
377

Leadership

Pay as last reported

  • Mr. Sai Chit ShumExecutive Chairman of the Board, since 2015
  • Yat Man LoGeneral Manager
  • Ms. Sile ChiExecutive Director, since 2021
  • Mr. Chi Hung LiExecutive Director - Marketing & Business Development of Group Sense PDA Limited
  • Mr. Kwok Man FanCompany Secretary
  • Mr. Sound Poon CheungIndependent Non-Executive Director
  • Mr. Yimin ShenNon-Executive Independent Director
  • Mr. Hong ShengNon-Executive Independent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • The company employs 377 full-time staff members globally.
  • Products include magnesium ingots and semi-coke for sale.
  • The firm operates its business on China and Europe.

Weaknesses

  • The company engages in the design of electronic dictionaries.
  • Sales of ferroalloy products are limited to specific regions.
  • Management of diverse product lines requires significant resources.

Opportunities

  • Expanding the sale of magnesium ingots in new markets.
  • Increasing demand for semi-coke in industrial manufacturing sectors.
  • Leveraging the existing employee base for production growth.

Threats

  • Fluctuating prices for raw materials affect magnesium ingot margins.
  • Competition in the electronic dictionary market reduces profitability.
  • Economic downturns in Europe impact the firm's sales.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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