JL Mag Rare-Earth Co (SHE:300748) expects to record a 30% to 60% year-over-year rise in attributable net profit in the first three quarters, according to a Shenzhen bourse aftermarket filing on Tuesday.
Net profit is estimated to range between 272.8 million yuan and 337.6 million yuan, up from 210.5 million yuan a year earlier.
The printed circuit board company attributed the anticipated growth to the doubling of the robotics and industrial servo motor revenue and higher new energy vehicle and auto parts field revenue.
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