JL Mag Rare-Earth Co., Ltd.

JL Mag Rare-Earth Co., Ltd. is a high-tech enterprise listed on the ChiNext board of the Shenzhen Stock Exchange since 2018. The company specializes in the research and development, production, and sales of high-performance neodymium iron boron permanent magnets (NdFeB PMs), magnetic components, and motor rotors for humanoid robots. Additionally, it engages in the recycling and comprehensive utilization of rare earth materials, positioning itself as a leading supplier in the fields of new energy, energy conservation, and environmental protection. The company's primary business lines include the manufacturing of NdFeB PMs, magnetic components, and motor rotors, which are utilized across various industries such as new energy vehicles (NEVs), automotive parts, energy-saving variable frequency drives, wind power, robotics, and industrial servo motors. JL Mag employs a make-to-order production model, ensuring that its operations align closely with customer demands. The company has established long-term partnerships with leading domestic and international firms, enhancing its market position as a significant player in the rare earth permanent magnet industry.

1. In the first half of 2025, the Company achieved revenue of RMB3,507 million, representing a year-on-year increase of 4.33%. The Company achieved profit attributable to owners of the parent of RMB305 million, representing a year-on-year increase of 154.81%, while profit attributable to owners of the parent excluding non-recurring gains and losses was RMB234 million, representing a year-on-year increase of 588.18%. 2. In the first half of 2025, the Company’s sales revenue from the NEVs and automotive parts sector reached RMB1,675 million, with corresponding product sales volume increasing by 28.14% year-on-year. The sales revenue from the VFACs sector amounted to RMB1,050 million, with corresponding product sales volume increasing by 19.85% year-on-year. In addition, the Company generated sales revenue of RMB214 million in the wind power sector, RMB133 million in the robots and industrial servo motors sector, and RMB101 million in the 3C sector. 3. By the end of 2024, the Company has possessed an annual production capacity of 38,000 tonnes of high-performance REPMs and is expected to achieve a production capacity of 40,000 tonnes of high performance REPMs along with an advanced production line for embodied robot motor rotors by 2025. In January 2025, in response to the national policy of vigorously building “Two Rare Earth Bases”, and based on market demand and its own business development needs, the Company invested in the construction of “Green Intelligent Manufacturing Project” with an annual output of 20,000 tonnes of high performance REPMs. The Company is striving to achieve a production capacity of 60,000 tonnes of REPMs by 2027. 4. The Company took effective measures to advance the “Quality and Returns Enhancement” initiative. During the Reporting Period, the Company has distributed the 2024 final dividend. Since its listing in 2018, the Company has consistently distributed cash dividends to its shareholders in each fiscal year, with cumulative cash dividends paid exceeding RMB1.2 billion, accounting for over 47% of the cumulative profit attributable to owners of the parent during the same period. To continuously reward the investors and align with the Company’s action plan of “Quality and Returns Enhancement”, the Company proposed to declare a 2025 interim dividend. The Company intends to distribute a cash dividend of RMB1.80 (tax inclusive) for every 10 shares to all shareholders, based on the total number of A Shares and H Shares after deducting the number of A Shares held in the Company’s share repurchase account, as determined on the record date specified in the distribution implementation announcement. The expected total amount of 2025 interim dividend is RMB247 million, accounting for 81% of the profit attributable to owners of the parent during the Reporting Period.