JLMAG (06680) announced its preliminary financial results for the first quarter of 2026. The company achieved operating revenue of RMB2.036 billion, representing a year-on-year increase of 16.05%. Net profit attributable to shareholders of the listed company was RMB193 million, up 20.09% compared to the same period last year. After deducting non-recurring gains and losses, net profit attributable to shareholders reached RMB176 million, marking a significant increase of 65.95% year-on-year.
The company's income statement included share-based payment expenses of RMB49.9682 million related to equity incentive plans. Excluding the impact of these share-based payments, net profit was RMB235 million, a rise of 44.57% year-on-year. After further adjusting for non-recurring items and excluding share-based payment effects, net profit stood at RMB219 million, surging 106.82% compared to the prior year period.
During the first quarter of 2026, amid challenges including a year-on-year decline in total new energy vehicle sales and significant short-term fluctuations in the prices of key raw materials such as praseodymium and neodymium, the company's management adhered to its annual operational strategy. This strategy emphasizes compliance with laws and regulations, customer focus, concentration on the magnetic materials core business, timely completion of new 20,000-ton capacity projects, and active expansion into motor rotor applications for embodied robots.
Through initiatives including technological innovation, organizational optimization, digital transformation, and lean management, the company mobilized employee initiative. While ensuring full compliance with contractual delivery commitments to its broad customer base, JLMAG successfully achieved steady growth in its operational performance.
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