JL MAG Rare-Earth Co., Ltd. Class H (HK:6680)
:6680
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JL MAG Rare-Earth Co., Ltd. Class H
(6680)
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Rating:56Neutral
Price Target:
HK$20.00
â–²(3.73% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by improving TTM profitability, tempered by increased leverage and still-uneven cash flow quality. Technicals are a meaningful drag (below major moving averages with negative MACD), while valuation is mixed due to a high P/E partially offset by a modest dividend yield.
Positive Factors
Improved profitability
Meaningful margin improvement (gross ~21.9%, net ~9.0% vs ~4.3% in 2024) indicates better cost control and/or pricing power in NdFeB magnet production. Sustained margins would drive durable operating cash and support reinvestment, improving resilience across cycles.
Negative Factors
Higher and volatile leverage
Debt near 0.81x equity with a sharp step-up versus 2023–2024 raises refinancing and interest-rate vulnerability. Elevated, volatile leverage erodes financial flexibility, amplifies earnings sensitivity to downturns, and can constrain strategic spending over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Meaningful margin improvement (gross ~21.9%, net ~9.0% vs ~4.3% in 2024) indicates better cost control and/or pricing power in NdFeB magnet production. Sustained margins would drive durable operating cash and support reinvestment, improving resilience across cycles.
Read all positive factors
JL MAG Rare-Earth Co., Ltd. Class H (6680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$47.52B
Dividend Yield1.77%
Average Volume (3M)16.86M
Price to Earnings (P/E)27.0
Beta (1Y)1.55
Revenue Growth16.87%
EPS Growth113.79%
CountryHK
Employees6,639
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.54
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$28.93Price Target Upside50.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.82
Revenue Forecast (FY)HK$11.60B
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
72
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.95B | 7.51B | 6.76B | 6.69B | 8.30B | 4.90B |
| Gross Profit | 1.78B | 1.55B | 752.61M | 1.07B | 1.31B | 1.07B |
| EBITDA | 910.44M | 899.17M | 525.15M | 809.34M | 817.64M | 654.94M |
| Net Income | 733.24M | 687.34M | 291.04M | 563.69M | 702.69M | 453.07M |
Balance Sheet | ||||||
| Total Assets | 15.91B | 15.33B | 12.30B | 11.83B | 12.60B | 7.40B |
| Cash, Cash Equivalents and Short-Term Investments | 3.78B | 4.33B | 2.90B | 4.10B | 4.80B | 1.84B |
| Total Debt | 6.16B | 5.85B | 1.04B | 954.15M | 4.09B | 2.68B |
| Total Liabilities | 8.21B | 7.35B | 5.18B | 4.79B | 4.88B | 3.66B |
| Stockholders Equity | 7.60B | 7.56B | 7.02B | 7.02B | 7.62B | 3.63B |
Cash Flow | ||||||
| Free Cash Flow | 645.28M | -104.50M | -167.16M | 712.19M | -316.13M | -670.49M |
| Operating Cash Flow | 1.05B | 349.66M | 507.95M | 1.52B | 361.21M | 144.04M |
| Investing Cash Flow | -821.09M | -813.76M | -1.69B | -942.05M | -877.77M | -807.81M |
| Financing Cash Flow | 1.19B | 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
21.30
Positive
20.56
Positive
20.76
Positive
Market Momentum
>-0.01
Negative
54.57
Neutral
66.87
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 20.04, below the 50-day MA of 21.30, and below the 200-day MA of 20.76, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 66.87 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$149.00M | 3.16 | 5.76% | ― | -8.96% | -39.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$47.52B | 26.98 | 9.89% | 1.77% | 16.87% | 113.79% | |
52 Neutral | HK$64.72B | 60.73 | 0.45% | 2.07% | -14.08% | -105.52% |
* Industrials Sector Average
HK:6680
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JL MAG Rare-Earth Co., Ltd. Class H Corporate Events
JL MAG Rare-Earth Controlling Shareholder Releases Pledge on 25 Million Shares
Apr 29, 2026
JL MAG Rare-Earth Co., Ltd. disclosed that its controlling shareholder, Jiangxi Ruide Enterprise Management, has released a pledge over 25 million shares, representing 6.46% of its own holdings and 1.82% of the company’s total share capital,...
JL MAG Rare-Earth Clears All Resolutions at 2025 AGM, Confirms Profit Distribution Plan
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. reported that its 2025 annual general meeting was duly convened in Ganzhou, Jiangxi, with over 43% of share capital represented and all resolutions passed by poll with high approval rates. The meeting confirmed the lega...
JL MAG Rare-Earth Updates Final 2025 Dividend Terms for Hong Kong Shareholders
Apr 28, 2026
JL MAG Rare-Earth has updated its final cash dividend for the year ended 31 December 2025, confirming a payout of RMB 2.2 per 10 shares, with Hong Kong shareholders to receive HKD 2.510968 per 10 shares based on an exchange rate of RMB 1 to HKD 1....
JL MAG Rare-Earth Lowers Convertible Bond Conversion Price After Dividend Approval
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. has adjusted the conversion price of its US$117.5 million 1.75 per cent guaranteed convertible bonds due 2030, following shareholder approval of a 2025 final dividend of RMB2.2 per 10 shares. The conversion price for H ...
JL MAG Rare-Earth Issues Unaudited First-Quarter 2026 Report With Board Assurance
Apr 28, 2026
JL MAG Rare-Earth Co., Ltd. has released its unaudited first quarter 2026 report, prepared under China Accounting Standards for Business Enterprises and disclosed in accordance with Hong Kong listing and securities regulations. The board and senio...
JL MAG Rare-Earth Posts Strong Q1 2026 Profit Growth Amid Capacity Expansion
Apr 22, 2026
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-rec...
JL MAG Rare-Earth Schedules Board Meeting to Approve Q1 2026 Results
Apr 16, 2026
JL MAG Rare-Earth Co., Ltd., a Hong Kong-listed Chinese rare-earth materials producer, announced that its board of directors will convene on April 28, 2026 to review and approve the unaudited first-quarter results for the period ended March 31, 20...
JL MAG Rare-Earth Updates Final 2025 Dividend Terms and Tax Treatment for H Shareholders
Apr 1, 2026
JL MAG Rare-Earth Co., Ltd. has updated details of its proposed final cash dividend for the year ended 31 December 2025, declaring a payout of RMB 2.2 per 10 shares subject to shareholder approval on 28 April 2026. The company has set an ex-divide...
JL MAG Calls 2025 AGM to Seek Broad Capital and Governance Mandates
Apr 1, 2026
JL MAG Rare-Earth Co., Ltd. has called its 2025 annual general meeting for 28 April 2026 in Ganzhou, where shareholders will review the board’s 2025 work report, annual results, profit distribution plan, auditor appointment, bank credit arra...
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 ...
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.