JLMAG's stock surged 5.40% during intraday trading on Friday, driven by robust growth in its robotics segment and a favorable shift in rare earth material pricing.
The company recently disclosed it has begun small-batch deliveries of embodied humanoid robot motor rotors to a world-renowned technology firm. Its robotics and servo motor business generated RMB 118 million in Q1 revenue, surging 81.84% year-over-year and is now in a rapid scaling phase. Overall Q1 results were strong, with revenue up 16.05% and non-GAAP net profit soaring 65.95% year-over-year.
At the industry level, Baotou Steel significantly raised its Q2 rare earth concentrate prices. With downstream magnetic material manufacturers restocking, praseodymium-neodymium oxide prices have begun a moderate upward trend. Analysts have expressed an optimistic outlook for rare earth price centers moving higher in 2026. Additionally, institutional interest was noted, with UBS increasing its holdings in the company earlier this month.
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