Movement Alert|JL Mag Rare-Earth Rises 5.11% in Regular Trading, H1 Profit Forecast Up to 51% Growth with Robotics Revenue Surging 90%

Market Focus07-02 10:15

On July 2, JL Mag Rare-Earth rose 5.11% in regular trading, trading at HK$18.37/share, with turnover of HK$104 million. The rally was driven by the company's half-year earnings pre-announcement released on July 1.

The company forecasts H1 attributable profit of RMB 400-460 million, representing year-over-year growth of 31.17%-50.84%. For Q2 alone, attributable profit is expected to reach RMB 207.2-267.2 million, up 43%-85% from RMB 144.4 million a year prior. Non-recurring adjusted net profit is projected at RMB 368-428 million. Revenue is expected to grow approximately 30% year-over-year, with the robotics and industrial servo motor segment surging roughly 90%, as the company has begun small-batch deliveries of embodied robot motor rotor products to a world-renowned technology company. In Q1, the company had already demonstrated improving operational quality with adjusted net profit growth of 65.95% and gross margin expanding 6.13 percentage points year-over-year.

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