Economic Information Daily (14th) reported that JL MAG Rare-Earth (06680) H-shares are currently up 3.5%, trading at HK$15.06, with approximately 130,000 shares traded, involving HK$1.87 million. The A-share (Szse: 300748) is currently at RMB 23.86, up RMB 0.77, or 3.3%, with turnover of RMB 49.31 million involving 2.06 million shares. The A-shares are currently at a premium of 84.7% over the H-shares.
JL MAG Rare-Earth announced that it expects its profit for the third quarter ended September 30 to be approximately RMB 270 million to RMB 340 million, representing a year-on-year increase of 29.58% to 60.45%. The profit after deducting non-recurring gains and losses is expected to be approximately RMB 260 million to RMB 330 million, up 32.83% to 65.97%.
The group stated that its profit for the first nine months of this year is expected to be between RMB 735 million and RMB 800 million, an increase of 42.59% to 55.2%. Profit after deducting non-recurring gains and losses is expected to be between RMB 660 million and RMB 720 million, up 53.22% to 68.33%.
The group mentioned that in the first three quarters of this year, it has continuously expanded into emerging markets, with operating revenue growing by approximately 40%. Specifically, in the field of new energy vehicles and automotive components, operating revenue increased by about 40%; in the field of robotics and industrial servo motors, operating revenue doubled, benefiting from the continuous release of market demand in robotics, with related product revenues continuously rising, and the embodied robot motor rotor products also recorded small-batch deliveries. The group stated that the non-recurring gains and losses are expected to impact net profit by approximately RMB 76 million during the period. Due to equity incentives for A-shares and H-shares, as well as the issuance of convertible bonds for H-shares, the related share-based payment expenses and financial expenses totaled approximately RMB 175 million.
Currently, the Hang Seng Index stands at 24,166, down 179 points or 0.7%, with main board turnover exceeding HK$4.5 billion. The Hang Seng China Enterprises Index stands at 8,114, down 60 points or 0.7%. The Hang Seng Tech Index stands at 4,114, down 21 points or 0.5%. (nw)
JL MAG Rare-Earth announced that it expects its profit for the third quarter ended September 30 to be approximately RMB 270 million to RMB 340 million, representing a year-on-year increase of 29.58% to 60.45%. The profit after deducting non-recurring gains and losses is expected to be approximately RMB 260 million to RMB 330 million, up 32.83% to 65.97%.
The group stated that its profit for the first nine months of this year is expected to be between RMB 735 million and RMB 800 million, an increase of 42.59% to 55.2%. Profit after deducting non-recurring gains and losses is expected to be between RMB 660 million and RMB 720 million, up 53.22% to 68.33%.
The group mentioned that in the first three quarters of this year, it has continuously expanded into emerging markets, with operating revenue growing by approximately 40%. Specifically, in the field of new energy vehicles and automotive components, operating revenue increased by about 40%; in the field of robotics and industrial servo motors, operating revenue doubled, benefiting from the continuous release of market demand in robotics, with related product revenues continuously rising, and the embodied robot motor rotor products also recorded small-batch deliveries. The group stated that the non-recurring gains and losses are expected to impact net profit by approximately RMB 76 million during the period. Due to equity incentives for A-shares and H-shares, as well as the issuance of convertible bonds for H-shares, the related share-based payment expenses and financial expenses totaled approximately RMB 175 million.
Currently, the Hang Seng Index stands at 24,166, down 179 points or 0.7%, with main board turnover exceeding HK$4.5 billion. The Hang Seng China Enterprises Index stands at 8,114, down 60 points or 0.7%. The Hang Seng Tech Index stands at 4,114, down 21 points or 0.5%. (nw)
