Movement Alert|JL Mag Rare-Earth Rises 5.08% in Regular Trading, Humanoid Robot Business Surges as Rare Earth Prices Trend Higher

Market Focus05-22 09:49

On May 22, JL Mag Rare-Earth (06680) rose 5.08% in regular trading, trading at HK$20.08/share, with trading volume of HK$41.77 million.

On the news front, the company recently disclosed that it has delivered 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, surging 81.84% year-over-year, indicating the segment is in a rapid volume expansion phase. Overall Q1 results were strong, with adjusted net profit attributable to shareholders jumping 65.95% YoY and export sales revenue reaching RMB 381 million, up 22.16% YoY.

At the industry level, Baogang significantly raised its Q2 rare earth concentrate pricing, and combined with marginal restocking demand from downstream magnetic material manufacturers, multiple institutions are optimistic about an upward shift in rare earth price centers, providing positive support for the company's core business.

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