证券代码：300748 证券简称：金力永磁 江西金力永磁科技股份有限公司 投资者关系活动记录表 编号：2024-012 | --- | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 活动类别 | □ 特定对象调研 □ □ 媒体采访 √ □ 新闻发布会 □ □ 现场参观 □ 其他 | 分析师会议 业绩说明会 路演活动 （请文字说明 ...

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 | --- | |-------| | | | | | | 公 司 更 新 报 告 证 券 研 究 报 告 ——金力永磁 2024 年三季报点评 | --- | --- | --- | |----------|-------------------------------------|-------------------------| | | | | | | [table_Authors] 于嘉懿 ( 分析师 ) | 兰洋 ( 研究助理 ) | | | 021-38038404 | 021-38031027 | | | yujiayi@gtjas.com | lanyang028684@gtjas.com | | 登记编号 | S0880522080001 | S0880123070158 | 本报告导读： 随着稀土原料价格止跌回暖，公司业绩逐渐消化跌价压力，迎来企稳回升，2025 年 公司产能将达到 4 万吨，助力业绩释放，另外公司在人形机器人领域的布局有望开 启第二成长曲线。 ...

Investment Rating - Maintains a "Buy" rating for the company [1] Core Views - The company's revenue for the first three quarters of 2024 was RMB 5.014 billion, a year-on-year decrease of 0.72%, while net profit attributable to the parent company was RMB 197 million, a year-on-year decrease of 60.17% [1] - In 3Q24, revenue was RMB 1.653 billion, a quarter-on-quarter decrease of 9.46%, but a year-on-year increase of 1.99%, with net profit attributable to the parent company at RMB 77 million, a quarter-on-quarter increase of 329.29% but a year-on-year decrease of 52.24% [1] - The company's profitability improved in 3Q24 due to the execution of locked-price orders, with gross profit margin increasing by 5.31 percentage points to 12.81% and gross profit increasing by 54.56% to RMB 212 million [1] - The company is actively reducing costs and improving efficiency, with R&D expenses increasing by 0.39 percentage points to 4.67% in 3Q24 [1] - The company is establishing a wholly-owned production subsidiary to separate production and investment management functions, aiming to improve management efficiency [1] - The company is actively expanding into the magnetic component business, potentially benefiting from the development of humanoid robots [1] - The company is expected to benefit from the overall recovery in rare earth prices, with revenue forecasts for 2024-2026 at RMB 6.895 billion, RMB 8.230 billion, and RMB 9.640 billion, respectively, and net profit attributable to the parent company at RMB 353 million, RMB 539 million, and RMB 656 million, respectively [1] Financial Performance - The company's capacity utilization rate exceeded 90% in the first three quarters of 2024, with production and sales of high-performance magnetic materials increasing by approximately 40% year-on-year [1] - In 3Q24, the average market prices of praseodymium-neodymium alloy and neodymium-iron-boron increased by 1.76% and 1.05% quarter-on-quarter, respectively, to RMB 481,900/ton and RMB 352.45/kg [1] - The company's operating expenses in 3Q24 decreased by 0.33% quarter-on-quarter to RMB 122 million, with the operating expense ratio increasing by 0.68 percentage points quarter-on-quarter but decreasing by 0.17 percentage points year-on-year [1] - The company's sales expense ratio decreased by 0.36 percentage points to 0.46%, and the financial expense ratio decreased by 0.69 percentage points to -0.64% in 3Q24 [1] Strategic Initiatives - The company is focusing on the development of magnetic components for humanoid robots, leveraging advancements in AI and robotics, particularly with Tesla's Optimus robot showing improved autonomous and interactive capabilities [1] - The company is expected to benefit from the "inventory profit" effect due to the natural production cycle of magnetic materials during the rise in rare earth prices [1] - The company is expected to see sustained growth in rare earth prices due to slowing quota growth, significant demand recovery, and the implementation of rare earth management regulations [1] Market Sentiment - The market's average investment recommendation for the company is "Buy," with a score of 1.00, indicating strong positive sentiment [6]

Investment Rating - The investment rating for the company is "Recommended (Maintain)" [1][5] Core Views - The company reported a total revenue of 1.653 billion yuan in Q3 2024, a year-on-year increase of 1.99%, but a net profit attributable to shareholders of 77 million yuan, a year-on-year decrease of 52.24% [3] - The average price of rare earth materials decreased by 28.7% year-on-year, impacting the company's performance, although there was a quarter-on-quarter improvement in Q3 with a net profit growth of 329.29% [3] - The company has sufficient orders on hand and is increasing the production and sales of high-performance products, with a production capacity utilization rate exceeding 90% [3] - The company is steadily advancing its capacity construction projects, aiming to establish a total capacity of 40,000 tons of high-performance rare earth permanent magnet materials by 2025 [3] Summary by Sections Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 5.014 billion yuan, a year-on-year decrease of 0.72%, and a net profit of 197 million yuan, a year-on-year decrease of 60.17% [3] - The gross profit margin for Q3 was 12.81%, an increase of 5.31 percentage points quarter-on-quarter [3] Market Position and Strategy - The company is actively increasing its market share by leveraging sufficient orders and enhancing the production of high-performance magnetic materials, with a year-on-year increase of approximately 40% in production and sales [3] - The company is investing in R&D for humanoid robot magnets and components, aiming to improve production management and efficiency [3] Future Outlook - The company plans to complete several capacity projects, including a 12,000 tons/year project in Baotou and a 3,000 tons/year high-end magnetic material project in Ningbo, which are expected to enhance market share as new capacities come online [3]

证券代码：300748 证券简称：金力永磁 公告编号：2024-061 江西金力永磁科技股份有限公司 第四届董事会第三次会议决议公告 鉴于公司目前已在多地建设生产基地，根据公司发展规划，为整合集团业务 和资产，优化内部资源配置，提高经营管理效率，公司拟将母公司现有生产经营 性资产进行剥离，投资设立生产型全资子公司。 表决结果：赞成票 9 票；反对票 0 票；弃权票 0 票。 《江西金力永磁科技股份有限公司关于投资设立全资子公司的公告》全文刊 登 于 中 国 证 监 会 指 定 的 创 业 板 上 市 公 司 信 息 披 露 媒 体 巨 潮 资 讯 网 （www.cninfo.com.cn）上，供投资者查阅。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日以电话、邮件、书面方式通知各位董事，公司第四届董事会第三次会议于 2024 年 10 月 24 日（星期四）以通讯表决方式召开。会议由董事长蔡报贵先生召集并 主持，会议应出席董事 9 名，实际出席董事 9 名。会议的召集召开和 ...

Financial Performance - Q3 2024 revenue reached ¥1,652,552,718.25, an increase of 1.99% year-over-year[2] - Net profit attributable to shareholders was ¥77,206,457.68, a decrease of 52.24% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥55,240,877.21, down 63.25% year-over-year[2] - The company reported a significant increase in long-term equity investments by 571.46% to ¥43,648,262.48 due to increased investments in subsidiaries[5] - The net profit attributable to minority shareholders increased by 49.49% to CNY 23,421,416.00 due to the profitability of non-wholly-owned subsidiaries from the beginning of the year to the end of the reporting period[6] - The company recorded a government subsidy of ¥18,852,004.60 during the reporting period, contributing positively to its financial performance[4] - The company reported a basic earnings per share of ¥0.15, down from ¥0.37 in the previous period[18] - The company recorded total comprehensive income of approximately ¥173.50 million, a decrease of 64.80% from ¥492.09 million in the previous period[18] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥207,073,018.35, a decline of 74.65% compared to the previous year[2] - The net cash flow from operating activities decreased by 74.65% to CNY 207,073,018.35, primarily due to increased material procurement expenses and reduced cash received from sales[6] - The net cash flow from investing activities worsened by 54.64% to -CNY 615,065,290.14, mainly due to increased fixed asset purchases and external investments[6] - The net cash flow from financing activities improved by 79.62% to -CNY 128,910,143.19, primarily due to a reduction in debt repayments[6] - The company's cash and cash equivalents decreased from CNY 3.89 billion at the beginning of the year to CNY 3.07 billion[13] - The total cash and cash equivalents at the end of the period were 2,622,047,289.46 CNY, down from 3,186,454,175.49 CNY at the beginning of the period[20] - The company incurred cash outflows for investment activities totaling 755,096,204.46 CNY, compared to 399,308,626.58 CNY in the previous year[20] Operating Costs and Expenses - Total operating costs increased to approximately ¥4.89 billion, up 7.23% from ¥4.56 billion in the previous period[16] - Sales expenses rose by 56.44% to CNY 33,216,516.20, primarily due to increased market expansion costs and employee compensation[6] - Research and development expenses for the current period are approximately ¥230.04 million, down 10.31% from ¥256.43 million in the previous period[17] - The company’s tax expenses for the current period are approximately ¥18.06 million, down from ¥38.37 million in the previous period[17] - The company’s financial expenses improved, with a net financial expense of approximately -¥24.25 million, compared to -¥42.06 million in the previous period[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,617[7] - The largest shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.78% of the shares, amounting to 387,100,160 shares[7] Investment and Research - The company is actively investing in R&D for humanoid robot magnets and components, aiming to enhance production management automation and efficiency[12] - The company experienced a 38.37% reduction in short-term borrowings, totaling ¥247,078,039.95, as subsidiaries repaid part of their loans[5] - The company has been executing price-lock orders signed with certain customers when rare earth material prices were relatively high, which has improved profitability[12] Market Conditions - The average price of rare earth materials, specifically metal praseodymium and neodymium, decreased by approximately 28.69% year-on-year, impacting raw material costs[12] - The company's gross profit margin for the first three quarters of 2024 was 10.03%, with a third-quarter gross profit margin of 12.81%[12] - The company's capacity utilization rate exceeded 90%, and the production and sales volume of high-performance magnetic materials increased by about 40% year-on-year[12]

证券代码：300748 证券简称：金力永磁 公告编号：2024-062 江西金力永磁科技股份有限公司 第四届监事会第三次会议决议公告 表决结果：赞成票 3 票；反对票 0 票；弃权票 0 票。 《江西金力永磁科技股份有限公司 2024 年第三季度报告》全文刊登于中国证监 会指定的创业板上市公司信息披露媒体巨潮资讯网（www.cninfo.com.cn）上，供投 资者查阅。 备查文件： 第四届监事会第三次会议决议。 特此公告。 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日以 电话、邮件、书面方式通知各位监事，第四届监事会第三次会议 2024 年 10 月 24 日 （星期四）以通讯表决方式召开。本次监事会由监事会主席刘秋君女士主持，会议 应出席监事 3 名，实际出席监事 3 名。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律法规和《公司章程》的有关规定，合法有效。会议经 表决，审议通过如下议案： 一、审议通过《关于<公司 2024 年第三季度报告>的议案》 ...

江西金力永磁科技股份有限公司 舆情管理制度 第一章 总则 第一条 为提高江西金力永磁科技股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，充分发挥网络互动优势，正确 把握和引导网络舆论导向，及时、妥善处理各类舆情对公司股价、公司商业信誉 及正常生产经营活动造成的影响，切实保护投资者合法权益，根据相关法律法规 和规范性文件及《公司章程》的规定，结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的 信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情（尤其是媒体质疑危机时）实行统一领导、统一 组织、快速反应、协同应对。 第四条 公司成立应对舆情处理工作领导小组（以下简称"舆情工作组"）， 由公司董事长任组长，成员由董事会秘书和公司其他高级管理人员、董秘办工作 人员及其他相关职能部门负责人组成。 ...

关于投资设立全资子公司的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、对外投资概述 1、江西金力永磁科技股份有限公司（以下简称"公司"、"本公司"、"金力 永磁"）为整合集团业务和资产，优化内部资源配置，提高经营管理效率，公司 拟将母公司现有生产经营性资产进行剥离，在江西省赣州市经济技术开发区投资 设立生产型全资子公司金力永磁（赣州）科技有限公司（暂定名，以最终注册为 准）。 证券代码：300748 证券简称：金力永磁 公告编号：2024-064 江西金力永磁科技股份有限公司 三、拟设立子公司的目的、存在的风险及对策和对公司的影响 （一）拟设立子公司的目的 2、公司于 2024 年 10 月 24 日召开第四届董事会第三次会议审议通过《关于 投资设立全资子公司的议案》。 根据《深圳证券交易所股票上市规则》和《公司章程》等相关规定，本次对 外投资在公司董事会审议权限内，无需提交股东大会审议。本项目投资协议不构 成关联交易，也不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 二、拟设立子公司的基本情况 1、公司名称：金力永磁（赣州）科技有限公 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 JL MAG RARE-EARTH CO., LTD. 江西金力永磁科技股份有限公司 （在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） 董事會會議日期 江西金力永磁科技股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，將 於 2024年10月24日（星 期 四）舉 行 董 事 會 會 議，以（其 中 包 括）考慮及批准本公司及 其附屬公司截至2024年9月30日 止 九 個 月 的 未 經 審 核 第 三 季 度 業 績 及 其 公 佈。 承董事會命 江西金力永磁科技股份有限公司 董事長 蔡報貴 江 西，2024年10月14日 （股 份 代 碼：6680） Approved by: To be submitted to SEHK on 14 October, 2024 於 本 公 告 日 期，董 事 會 成 ...