JLMAG's stock price soared 5.08% during intraday trading on Friday, reflecting strong investor interest in the rare earth materials manufacturer.
The surge appears driven by the company's robust first-quarter performance and growth in its emerging businesses. JLMAG recently disclosed it has begun delivering small batches of humanoid robot motor rotors to a world-renowned technology company. Its robot and servo motor business generated revenue of RMB 118 million in Q1, representing a substantial year-over-year increase of 81.84%, indicating this segment is in a rapid expansion phase. Overall, the company reported strong Q1 results with adjusted net profit attributable to shareholders jumping 65.95% year-over-year, while export sales revenue reached RMB 381 million, up 22.16%.
At the industry level, positive sentiment is supported by rising rare earth prices. Baogang significantly raised its second-quarter rare earth concentrate pricing, and with marginal restocking demand from downstream magnetic material manufacturers, multiple institutions are optimistic about an upward shift in rare earth price centers, which provides favorable support for JLMAG's core business operations.
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