Ningbo Haofeng Magnet Technology Co., Ltd. Supplier Evaluation

Executive Summary

Ningbo Haofeng Magnet Technology Co., Ltd. is a China-based magnet supplier located in Zhejiang, with a reported factory area of 1,600+㎡ and 30+ staff. Its listed products focus on neodymium magnets, permanent rotors, and block magnets, with MOQ levels ranging from 5 to 100 pieces depending on product type. The supplier shows strong platform credibility, including 10 years as a Gold Supplier, Trade Assurance support, verified supplier status, Finished Product Inspection, ODM service availability, and minor customization. However, its operational scale appears relatively small, and recent commercial performance is limited, with 5 orders in the past six months and only 1 customer review despite a 5.0 store rating. The supplier is most suitable for buyers seeking small-to-medium volume sourcing, sample orders, customized magnet-related components, or verified platform-based procurement with controlled transaction risk.

Detailed Analysis

1. Company Strength

Basis
- Factory area: 1,600+㎡
- Employees: 30+ staff
- Verified supplier: True

Elaboration
The supplier has a documented physical factory presence and a small workforce. The factory size and staff count indicate basic in-house production capability, but the scale is not large enough to classify it as a large or highly industrialized manufacturing base.

Scoring Rationale
The company has credible basic manufacturing infrastructure and verified supplier status, which supports operational legitimacy. However, the relatively limited factory area and employee count suggest small-scale production capacity rather than a large-volume stable supply chain.

Final Score
12 / 20

2. Platform & Compliance Credibility

Basis
- Gold Supplier: True
- Gold Supplier duration: 10 years
- Trade Assurance: True
- Certification/industry tags: Finished Product Inspection, ODM service available, Minor customization, Response time ≤6h
- Verified supplier: True

Elaboration
The supplier has a long operating history and supports Trade Assurance, which improves transaction security. The presence of Finished Product Inspection and verified supplier status strengthens its platform credibility.

Scoring Rationale
A 10-year Gold Supplier record, Trade Assurance support, and verification indicators form a strong platform trust profile. Certification labels are relatively complete for -based procurement, although no additional third-party factory certifications were provided.

Final Score
19 / 20

3. Business Performance

Basis
- Orders in past 6 months: 5
- Transaction amount in past 6 months: CN¥135.2K+
- Store rating: 5.0
- Reviews: 1

Elaboration
The supplier has recorded recent transactions, but order volume is low. The transaction amount suggests some commercial activity, while the 5.0 rating is positive but supported by only one review.

Scoring Rationale
The supplier demonstrates verified recent business activity, but the limited number of orders and very small review base reduce the strength of commercial validation. The 5.0 score is favorable, but the sample size is insufficient to prove consistently strong market performance.

Final Score
12 / 20

4. Service Capability

Basis
- Response time: ≤6h
- ODM service available
- Minor customization available
- Full Customization: Insufficient Data

Elaboration
The supplier provides a reasonable response time and supports ODM and minor customization. However, the data does not confirm Full Customization capability.

Scoring Rationale
Response within 6 hours is acceptable but does not meet the strongest service benchmark of ≤1 hour. ODM and minor customization indicate useful service flexibility, but the absence of confirmed Full Customization limits the score.

Final Score
7 / 10

5. Delivery Performance

Basis
- On-time delivery rate: 100.0%

Elaboration
The supplier reports a perfect on-time delivery rate, indicating strong delivery execution based on the available platform data.

Scoring Rationale
A 100.0% on-time delivery rate exceeds the 90% threshold for top-tier delivery performance. No negative delivery data was provided.

Final Score
10 / 10

6. Quality & Customer Feedback

Basis
- Store rating: 5.0
- Reviews: 1
- Finished Product Inspection: Provided
- Factory/Supplier Verification: True

Elaboration
The supplier has a perfect store rating and quality-related platform labels, including Finished Product Inspection and verified supplier status. However, the customer feedback base is very limited.

Scoring Rationale
The supplier has useful quality assurance indicators, but only one review makes customer feedback statistically weak. The quality system appears supported at a basic platform level, but there is insufficient customer feedback volume to classify it as highly proven.

Final Score
15 / 20

Total Score

75 / 100

Procurement Recommendation

Cooperation is recommended with controlled order sizes and platform-protected transactions. This supplier is suitable for buyers seeking neodymium magnets, permanent rotors, or block magnet products in small-to-medium quantities, especially where ODM or minor customization is required. The main risks are limited factory scale, low recent order volume, and insufficient customer review data. Its key growth potential lies in its long history, Trade Assurance support, verified supplier status, Finished Product Inspection label, and strong reported delivery performance.