Innuovo Technology

Innuovo Technology Co., Ltd. (英洛华科技股份有限公司, SZSE 000795), based in Hengdian, Dongyang, Zhejiang, makes sintered and bonded NdFeB permanent magnets and magnet assemblies, alongside motors, health equipment and electronic acoustic products. It has NdFeB production bases in Hengdian and in Ganzhou, Jiangxi. In 2025 it produced 6,556 metric tons of NdFeB and sold 6,342 metric tons, and NdFeB made up 50.45% of revenue. A 5,000-metric-ton-a-year sintered NdFeB expansion was under way at the end of 2025, with main buildings largely complete and some equipment being installed. Hengdian Group Holdings is controlling shareholder with 39.48%. Hengdian Group DMEGC Magnetics is under the same ultimate controller. The company switched its main business to NdFeB magnets in 2004.