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JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) just unveiled an update.
JL MAG Rare-Earth reported solid preliminary results for the first quarter of 2026, with total revenue rising 16.05% year on year to RMB 2.04 billion and net profit attributable to shareholders increasing 20.09%. Net profit after excluding non-recurring items surged 65.95%, basic earnings per share climbed to RMB 0.14, and both total assets and net assets per share improved, underscoring healthier profitability and balance sheet strength.
Management said the Group delivered this growth despite a year-on-year decline in total sales of new energy vehicles and sharp short-term volatility in NdPr raw material prices, supported by strict compliance, customer-centric execution and a focus on its core REPM business. The company completed a planned 20,000-tonne capacity expansion on schedule and advanced its humanoid robot motor rotor business, suggesting continued strategic investment aimed at sustaining operational resilience and enhancing its competitive edge in future high-growth applications.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a China-based producer of rare-earth permanent magnet (REPM) materials, supplying core magnetic components used in sectors such as new energy vehicles and advanced motor applications. The Group focuses on expanding high-end magnet capacity and developing emerging businesses such as motor rotors for humanoid robots to strengthen its position in the global rare-earth supply chain.
Average Trading Volume: 7,004,098
Technical Sentiment Signal: Buy
Current Market Cap: HK$48.83B
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