Jl Mag Rare-Earth Co Ltd Class A

JL Mag announced on September 24 that Vice President Lu Ming has resigned from the vice president position due to a shift in work focus. After stepping down, Lu Ming will continue to serve as general manager of the company's wholly owned subsidiary JL Mag Ningbo Investment Co., Ltd. and managing director of JL Mag Rare Earth Hong Kong Co., Ltd., overseeing investment-related business and the daily operations of the Hong Kong subsidiary. In the first half of 2026, JL Mag achieved revenue of 4.649 billion yuan and net profit attributable to the parent of 462 million yuan.

JL Mag released its 2026 interim report on August 21, 2026. Total operating revenue was 4.649 billion yuan, net profit attributable to the parent company was 462 million yuan, and net cash inflow from operating activities was 1.206 billion yuan. The latest asset-liability ratio was 51.80 percent, up 1.30 percentage points from the previous quarter and up 6.31 percentage points from the same period last year. The latest gross margin was 21.73 percent, down 0.11 percentage points from the previous quarter. The latest return on equity was 5.92 percent, and diluted earnings per share was 0.34 yuan. The latest total asset turnover was 0.29 times, inventory turnover was 1.14 times, the number of shareholders was 120,600, and the top ten shareholders held 800 million shares, accounting for 58.16 percent of total share capital.