JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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¥8.70NdklvCbfytjfc

Solid Interim Results for JL Mag With Favorable Outlook on NEV Potential; FVE Maintained at HKD 36

Narrow-moat JL Mag reported solid interim results with first-half net profit up a decent 111% year over year to CNY 464 million, at the midpoint of the company’s preliminary results. The significant growth was underpinned by robust demand from downstream new energy vehicle, or NEV, customers.

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