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JL Mag Rare-Earth (300748) investor relations material
JL Mag Rare-Earth Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 revenue rose 40.81% YoY to RMB 7.566bn; net profit attributable to shareholders increased 47.48% to RMB 760.2m.
Growth was supported by EV and auto-parts demand and more than doubled revenue from robotics and industrial servo motors.
Management focused on expanding magnet-material capacity, advancing embodied-robotics motor rotors, and improving operations through technology, digitization, and lean management.
Financial highlights
Q3 revenue was RMB 2.917bn, up 56.31% YoY; net profit attributable to shareholders was RMB 298.0m, up 41.56%.
Q3 adjusted net profit, excluding non-recurring items, was RMB 285.0m, up 45.35% YoY; basic and diluted EPS were RMB 0.22, each up 46.67%.
9M adjusted net profit, excluding non-recurring items, was RMB 683.6m, up 58.93% YoY.
9M operating cash flow was RMB 1.523bn versus an outflow of RMB 199.0m in the prior-year period.
Outlook and guidance
Management’s 2026 operating priorities include bringing 20,000 tonnes of new capacity online on schedule and developing embodied-robotics motor rotors.
A motor-rotor module has reached micron-level processing precision and received a project nomination from a leading global technology company; production is ramping to customer orders.
No quantified revenue or earnings forecast was stated; continued growth areas include EVs, robotics, and industrial servo motors.
- Magnetic-material volumes rose over 40%, but profit fell 64% on margin pressure.300748
Q2 2024 - Record magnet volumes offset by margin pressure; capacity expansion targets 60,000 tonnes by 2027.300748
Q4 2024 - Revenue held near flat, but lower margins drove a sharp 9M profit decline.300748
Q3 2024 - Q1 growth accelerated as new capacity ramped, while operating cash flow stayed negative.300748
Q1 2025 - Profit surged as margins recovered, while inventory growth drove negative operating cash flow.300748
Q2 2025 - 9M profit surged as margins and key product volumes improved; Q4 orders were sufficient.300748
Q3 2025 - Record volumes and margin recovery drove a 142% profit rebound amid capacity expansion.300748
Q4 2025 - H1 growth and margin gains accelerated as robotics and capacity plans expanded.300748
Q2 2026 - Profit growth strengthened, cash flow rebounded, and robotics revenue surged 81.84%.300748
Q1 2026
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