Jl Mag Rare-Earth (06680) is expected to increase its net profit attributable to the parent by 50%-60% year-on-year in the first quarter.

Jl Mag Rare-Earth (06680) announced that from January to March 2025, it is estimated that the net profit attributable to the shareholders of the listed company will be between RMB 153 million and RMB 163 million, an increase of 50% to 60% compared to the same period last year. In the first quarter of 2025, the company's management actively explored the market and expanded production capacity while maintaining steady operations. The company continues to focus on the new energy and energy conservation and environmental protection sectors, focusing on core applications such as new energy vehicles and automotive parts, energy-efficient variable frequency air conditioning, wind power generation, Siasun Robot & Automation and industrial servo motors, 3C, low-altitude aircraft, and actively cooperating with internationally renowned technology companies in the development of humanoid Siasun Robot & Automation magnetic components. The company's operating income for this reporting period is expected to be RMB 1.7 billion, an increase of more than 10% compared to the same period last year.