Jl Mag Rare-Earth (06680) achieved a net profit attributable to shareholders of 193 million yuan in the first quarter, an increase of 20.09% year-on-year.

JL Mag Rare-Earth (06680) released its first quarter performance report for 2026. The company achieved a total operating income of RMB 2.036 billion, a year-on-year increase of 16.05%. The net profit attributable to the shareholders of the listed company was RMB 193 million, a year-on-year increase of 20.09%. The net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was RMB 176 million, a year-on-year increase of 65.95%. The company's profit statement includes share payment expenses of RMB 49.9682 million due to equity incentives. The net profit after deducting the impact of share payments was RMB 235 million, a year-on-year increase of 44.57%. The net profit after deducting non-recurring gains and losses from share payments was RMB 219 million, a year-on-year increase of 106.82%. In the first quarter of 2026, facing the complex situation of a year-on-year decline in the sales volume of new energy vehicles and significant short-term fluctuations in the prices of main raw materials such as praseodymium and neodymium, the company's management adhered to the annual operating policy of "adhering to legal compliance, customer orientation, focusing on the core business of magnetic materials, timely building a production capacity of 20,000 tons, actively developing Siasun Robot & Automation motor rotors, and striving to reach new heights." Through measures such as technological innovation, organizational optimization, digital construction, and lean management, the company mobilized the subjective initiative of its employees to ensure the timely delivery of contracts to customers while achieving steady development in the company's operating performance.