JL MAG Rare-Earth Co., Ltd. Class H (HK:6680)
:6680
Top Page
JL MAG Rare-Earth Co., Ltd. Class H
(6680)
Select Model
Select Model
Rating:50Neutral
Price Target:
HK$19.00
▼(-1.45% Downside)
Action:ReiteratedDate:03/27/26
The score is held back primarily by weak cash conversion (negative free cash flow) and a sharp increase in debt in 2025 despite improved profitability. Technicals are bearish with the stock trading below major moving averages and negative MACD, while valuation appears relatively expensive (P/E ~33) with only a modest dividend yield (~1.73%).
Positive Factors
Improved Profitability
Margin recovery and a doubling of reported net income in 2025 point to improved pricing power or cost control across operations. Sustained mid-teens gross margins and near-double digit net margins enhance the company's ability to generate recurring earnings and absorb input cost swings over the medium term.
Negative Factors
Weak Cash Conversion
Persistent negative free cash flow and weak operating cash conversion limit the firm's ability to self-fund growth, pay down debt, or return cash to shareholders. Over a 2–6 month horizon this raises refinancing and capital-allocation risks if reinvestment needs or working-capital swings persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Margin recovery and a doubling of reported net income in 2025 point to improved pricing power or cost control across operations. Sustained mid-teens gross margins and near-double digit net margins enhance the company's ability to generate recurring earnings and absorb input cost swings over the medium term.
Read all positive factors
JL MAG Rare-Earth Co., Ltd. Class H (6680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$47.05B
Dividend Yield1.77%
Average Volume (3M)16.86M
Price to Earnings (P/E)33.1
Beta (1Y)1.47
Revenue Growth6.93%
EPS Growth119.71%
CountryHK
Employees6,639
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.25
Shares Outstanding234,763,720
10 Day Avg. Volume31,592,580
30 Day Avg. Volume16,859,322
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)3.01
Price to Sales (P/S)3.03
P/FCF Ratio-217.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$29.50Price Target Upside53.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.84
Revenue Forecast (FY)HK$12.44B
JL MAG Rare-Earth Co., Ltd. Class H Business Overview & Revenue Model
Company Description
JL Mag Rare-Earth Co., Ltd. engages in the research and development, production, and sale of rare earth permanent magnetic materials in Mainland China and internationally. The company offers NdFeB PMs for use in new energy vehicles and automotive ...
How the Company Makes Money
The company primarily makes money by manufacturing and selling rare-earth permanent magnet products, with revenue largely derived from sales of NdFeB magnets and related magnetic materials/components to corporate customers (e.g., manufacturers of ...
JL MAG Rare-Earth Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.51B | 6.76B | 6.69B | 8.30B | 4.90B |
| Gross Profit | 1.55B | 752.61M | 1.07B | 1.31B | 1.07B |
| EBITDA | 899.17M | 525.15M | 809.34M | 817.64M | 654.94M |
| Net Income | 687.34M | 291.04M | 563.69M | 702.69M | 453.07M |
Balance Sheet | |||||
| Total Assets | 15.33B | 12.30B | 11.83B | 12.60B | 7.40B |
| Cash, Cash Equivalents and Short-Term Investments | 4.33B | 2.90B | 4.10B | 4.80B | 1.84B |
| Total Debt | 5.85B | 1.04B | 954.15M | 4.09B | 2.68B |
| Total Liabilities | 7.35B | 5.18B | 4.79B | 4.88B | 3.66B |
| Stockholders Equity | 7.56B | 7.02B | 7.02B | 7.62B | 3.63B |
Cash Flow | |||||
| Free Cash Flow | -104.50M | -167.16M | 712.19M | -316.13M | -670.49M |
| Operating Cash Flow | 349.66M | 507.95M | 1.52B | 361.21M | 144.04M |
| Investing Cash Flow | -813.76M | -1.69B | -942.05M | -877.77M | -807.81M |
| Financing Cash Flow | 1.59B | 91.57M | -815.63M | 2.83B | 1.47B |
JL MAG Rare-Earth Co., Ltd. Class H Technical Analysis
Positive
19.28
Price Trends
21.55
Negative
20.48
Positive
20.65
Positive
Market Momentum
-0.63
Negative
51.58
Neutral
77.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6680, the sentiment is Positive. The current price of 19.28 is below the 20-day moving average (MA) of 20.09, below the 50-day MA of 21.55, and below the 200-day MA of 20.65, indicating a neutral trend. The MACD of -0.63 indicates Negative momentum. The RSI at 51.58 is Neutral, neither overbought nor oversold. The STOCH value of 77.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6680.
JL MAG Rare-Earth Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
HK:6680
JL MAG Rare-Earth Co., Ltd. Class H
20.70
7.96
62.48%
HK:0976
Chiho Environmental Group Limited
0.43
0.00
0.00%
HK:1891
Heng Hup Holdings Ltd.
0.13
0.02
20.72%
HK:2039
China International Marine Containers (Group) Co., Ltd Class H
10.30
5.81
129.35%
JL MAG Rare-Earth Co., Ltd. Class H Corporate Events
JL MAG Rare-Earth Publishes Audited 2025 Annual Results and Full Report
Mar 25, 2026
JL MAG Rare-Earth Co., Ltd. has released its audited annual results for the year ended 31 December 2025, with the full 2025 annual report now available online in both Chinese and English. The printed version will be distributed in April 2026 to H-...
JL MAG Rare-Earth Proposes Final 2025 Dividend and Outlines Withholding Tax Rules
Mar 25, 2026
JL MAG Rare-Earth Co., Ltd. has announced a proposed final ordinary cash dividend of RMB 2.2 per 10 shares for the financial year ended 31 December 2025, with the specific dates for shareholder approval, ex-dividend, record, and payment still to b...
JL MAG Rare-Earth Updates Capital Structure and Eases Board Size Rules
Mar 25, 2026
JL MAG Rare-Earth Co., Ltd. has adjusted its share capital following a share repurchase and the partial conversion of US$117.5 million in offshore convertible bonds issued by its Hong Kong subsidiary. After cancelling 3,665,542 repurchased A share...
JL MAG Rare-Earth Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 13, 2026
JL MAG Rare-Earth Co., Ltd. has scheduled a board meeting for 25 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider proposing a final ...
JL MAG Rare-Earth Forecasts Profit Surge on Record Volumes and Efficiency Gains in 2025
Jan 8, 2026
JL MAG Rare-Earth Co., Ltd. expects a sharp improvement in profitability for 2025, with preliminary estimates putting net profit attributable to shareholders between RMB660 million and RMB760 million, representing a year-on-year increase of roughl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.