JL Mag Rare-Earth Co Ltd Class A
300748: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥9.90 | Hnfkhy | Jhfxkplh |
JL Mag Earnings: Profit Slips as Margins Remain Under Pressure
JL Mag's second-quarter results disappointed, with first-half revenue and net profit accounting for 40% and 23% of our previous full-year forecasts, respectively. Extended price drops in various rare-earth materials during the quarter raised price pressure for the company’s rare-earth magnet products, leading to gross margin trending down another 3 percentage points from last quarter.