JL Mag Rare-Earth (300748) Q3 2026 earnings summary

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.