JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) has provided an announcement.
JL MAG Rare-Earth Co., Ltd. announced an estimated increase in net profit for the first quarter of 2025, with profits expected to rise by 50% to 60% compared to the same period last year. The company attributes this growth to market expansion, increased production capacity, and a focus on core business areas such as new energy and environmental protection. Revenue is projected to reach RMB1.7 billion, marking a year-on-year increase of over 10%.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. operates in the rare-earth industry, focusing on new energy, energy conservation, and environmental protection sectors. The company is involved in producing components for NEVs, automotive parts, wind power, robots, industrial servo motors, and collaborates with technology companies on magnetic components for humanoid robots.
YTD Price Performance: 65.94%
Average Trading Volume: 12,951,540
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$28.4B
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