稀土高新区聚力推动稀土产业韧链强群 转自：草原云 尚驰电气永磁电机项目现场。 3月25日上午，随着占地7.2万平方米的标准化厂房内机器设备的陆续启动，历时10个月，全球电机行业 领军企业、全国最大的永磁电机制造企业卧龙集团在包头投建的卧龙永磁电机产业园项目正式投产。近 60名工人在永磁电机、风力发电机、储能系统生产线上有序作业，加紧赶制来自全国各地的第一批生产 订单。 在北方嘉轩电机科技有限公司生产车间内，轰鸣作响的生产设备正在高速运转，正在加紧赶制近期揽获 的5笔订单。企业自主研发的永磁同步电机及智能驱动系统填补多项行业空白，能耗降低超20%，传动 效率高且故障少，有力推动矿山行业的绿色转型进程。目前，北方嘉轩的柔性生产线可实现0.56兆瓦及 以下全系列永磁电机定制化生产，产能与销售额稳步增长。 集聚高端创新资源，突破核心技术攻关，持续激发企业发展内生动力。记者走进金力永磁磁材生产车 间，耀眼夺目的熔液，闪闪发亮的铸片，经过压型、烧结、机加等工序，最终变为不同形状的磁钢，它 们被广泛应用到风力发电、新能源汽车及汽车零部件、节能家电等领域。 "今年1至2月，我们的产量同比增长50%，月产量达到1600吨。目前 ...

Investment Rating - The report gives an "Outperform" rating for the industry, indicating a positive outlook compared to the broader market [5]. Core Insights - The industrial robot market is experiencing stable growth, laying a foundation for humanoid robots, with projections indicating a significant increase in market size and sales volume by 2030 [3][18]. - The humanoid robot market is expected to reach a size of $15 billion by 2030, with a compound annual growth rate (CAGR) exceeding 56% from 2024 to 2030 [3][27]. - The report highlights the importance of rare earth permanent magnets in the manufacturing of robot joints, suggesting that the magnetic materials and components sector could open up a market worth billions [4][31]. Summary by Sections 1. Industrial Robots and Humanoid Robots - The global industrial robot market is projected to see new installations grow from 54.1 thousand units in 2024 to 60.2 thousand units by 2027, with a cumulative installation of 428.2 million units by the end of 2023 [11][12]. - China remains the largest market for industrial robots, accounting for 51% of global installations in 2023 [12]. - The humanoid robot market is expected to grow from $1.017 billion in 2024 to $15 billion by 2030, with sales increasing from 11,900 units to 605,700 units during the same period [3][27]. 2. Rare Earth Permanent Magnets - The cost of humanoid robot joints accounts for over 60% of the total cost, with significant components including rotary and linear actuators [4][31]. - The market for electric motor rotors is projected to reach $2.03 million, $3.58 million, and $5.73 million from 2025 to 2027, while the permanent magnet market is expected to reach $1.22 million, $2.15 million, and $3.44 million in the same timeframe [4][48]. - If humanoid robot sales reach 1 million units, the rotor market could reach $2 billion, corresponding to a permanent magnet market of $1.2 billion, with a demand for 3,500 tons of neodymium iron boron [4][48]. 3. Key Listed Companies - Major domestic producers of high-performance neodymium iron boron are concentrated in companies like Jinli Permanent Magnet, Zhuhai Yuheng, and Ningbo Yunsheng, which are actively entering the humanoid robot market [4][53]. - By 2025, the combined production capacity of high-performance neodymium iron boron in China is expected to reach 203,500 tons, with significant expansions planned by leading companies [53][56].

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（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，將 於 2025年3月28日（星 期 五）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12月31日 止 年 度 的 年 度 業 績 及 其 公 佈，並 考 慮 有 關 派 付 末 期 股 息 的 建 議（如 有）。 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，2025年3月18日 於 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 蔡 報 貴 先 生 及 呂 鋒 先 生；非 執 行 董 事 胡 志 濱 先 生、李 忻 農 先 生、梁 敏 輝 先 生 及 李 曉 光 先 生；及 獨 立 ...

目前公司赣州、包头及宁波工厂光伏电站均已竣工并网，装机容量合计 7.72MW。屋顶光伏电站项目符合公司低碳发展的理念，使用绿色电力推动了公 司的低碳生产，形成多种能源协同互补、综合利用、集约高效的供能方式，构建 绿色、友好、智慧、创新现代能源生态圈，符合公司长期发展战略及全体股东利 益。 上述项目对公司 2025 年度的业绩不会构成重大影响。 特此公告。 江西金力永磁科技股份有限公司 证券代码：300748 证券简称：金力永磁 公告编号：2025-004 江西金力永磁科技股份有限公司 关于子公司开展绿色电力合作的进展公告 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。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 8 月 26 日 披露了《关于子公司开展绿色电力合作及进展公告》（公告编号：2024-051）， 公司全资子公司金力永磁（宁波）科技有限公司（以下简称"金力宁波科技"） 与华润新能源下属润电新能源（浙江）有限公司签订的《分布式光伏发电项目投 资运营合同》，双方按照"合同能源管理"模式开展合作，由润电新能源（浙江） 有限公司在金力宁 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 江西金力永磁科技股份有限公司 呈交日期: 2025年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06680 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 200,745,600 | RMB | | 1 RMB | | 200,745,600 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 200,745,600 | RMB | | 1 RMB | | 200,745,600 | | 2. 股份分類 | 普通股 | 股份類別 | A | | ...

Group 1: Company Performance - The company achieved a production capacity utilization rate exceeding 90% in 2024, with high-performance magnetic material production and sales reaching the highest level in its history [2][3] - The estimated net cash flow from operating activities for 2024 is approximately CNY 420 million [3] Group 2: Raw Material Supply and Inventory - The company maintains stable procurement of rare earth raw materials, primarily from major domestic suppliers, including Northern Rare Earth Group and China Rare Earth Group [5] - In 2023, the company utilized 1,848 tons of recycled rare earth materials, accounting for 29.39% of the total rare earth materials used [5] Group 3: New Projects and Capacity Expansion - The company plans to invest CNY 1.05 billion in a new project to produce 20,000 tons of high-performance rare earth permanent magnet materials, with a total production capacity of 60,000 tons upon completion [6] - The project is expected to be completed within two years, aligning with the national policy to establish "two rare earth bases" [6] Group 4: Market Outlook - The company holds an optimistic outlook for 2025, driven by favorable policy support and increasing market penetration in sectors such as new energy vehicles and variable frequency air conditioners [7]

Group 1: Company Performance - In 2024, the company managed to maintain a production capacity utilization rate exceeding 90%, achieving record high sales of high-performance magnetic materials, with a slight increase in annual revenue compared to the previous year [2] - The net cash flow from operating activities for 2024 is expected to be approximately 4.2 billion yuan [2] Group 2: Robotics Business Development - The company is actively collaborating with world-renowned clients on the development of magnetic components for humanoid robots, with small batch deliveries already made, though the current impact on revenue and profitability is minimal [3] Group 3: Raw Material Supply and Inventory - The company sources rare earth materials primarily from major domestic suppliers, ensuring a stable supply through long-term partnerships, and prioritizes green recycling of rare earth materials [4] - In 2023, the company utilized 1,848 tons of recycled rare earth materials, accounting for 29.39% of the total rare earth materials used [4] Group 4: Rare Earth Price Trends - Current rare earth prices are relatively low and exhibit some volatility, which is beneficial for the development of the rare earth permanent magnet materials industry and the company's operational performance [5] Group 5: New Capacity Projects - The company plans to invest 1.05 billion yuan in a new project to produce 20,000 tons of high-performance rare earth permanent magnet materials annually, aiming to complete this project within two years [6]

Summary of Jinli Permanent Magnet Conference Call Company Overview - **Company**: Jinli Permanent Magnet - **Industry**: Permanent magnet materials, specifically high-performance magnetic materials for various applications including automotive, air conditioning, wind power, and robotics Key Points and Arguments - **Production Capacity and Utilization**: - In 2024, Jinli's production capacity utilization exceeded 90% with record sales of high-performance magnetic materials [3] - Plans to establish a 40,000-ton production line by 2025 and an additional 20,000 tons in Baotou, aiming for a total capacity of 60,000 tons by 2027 [3][4] - **Revenue and Profit Forecast**: - Expected slight revenue growth in 2024, but net profit is projected to decline by 42%-52% to between 270 million and 330 million yuan [4] - Operating cash flow is anticipated to be 420 million yuan [4] - **Market Segmentation**: - In the first half of 2024, automotive business accounted for nearly 50% of revenue, air conditioning around 20%, and wind power about 10%, with other sectors making up less than 10% [3][8] - **Emerging Markets**: - Positive outlook on industrial robotics and low-altitude economy, with ongoing projects in Mexico awaiting customer confirmation to start construction [3][12][21] - **Cost Structure and Profitability**: - New production lines are expected to improve cost control and profitability due to advancements in technology and processes over the years [7] - The cost structure of magnetic components differs from traditional magnetic steel, with rare earth materials constituting about 30% of costs, leading to higher profit margins [13] - **Demand Drivers**: - Anticipated increase in demand for motors and magnetic materials driven by the development of autonomous driving technologies [19][20] - The automotive sector is expected to be the main growth driver, with a projected growth of nearly 30% by 2025 [23] - **Competitive Landscape**: - No significant threats from alternative materials in the short term, as current substitutes are either in experimental stages or lack cost advantages [25][26] - Jinli has established technical barriers and a strong understanding of customer needs, which may provide a competitive edge [15] - **Future Outlook**: - Confidence in achieving a 20%-30% increase in finished product volume in 2025, with stable rare earth prices expected [28] - Focus on maintaining high supply ratios with major clients in automotive, air conditioning, and wind power sectors [22] Additional Important Insights - **Profit Margins by Sector**: - Consumer electronics have the highest profit margins, followed by new energy vehicles, air conditioning, and wind power, with margins fluctuating based on rare earth prices [9][10] - **Production Challenges**: - The company is aware of the unique demands of different sectors, such as the need for high-speed and high-temperature performance in automotive applications [24] - **Strategic Positioning**: - Jinli is actively engaging with top clients in various sectors, ensuring a strong market presence and potential for future growth [22] This summary encapsulates the key insights from the conference call, highlighting Jinli Permanent Magnet's strategic initiatives, market positioning, and future outlook in the high-performance magnetic materials industry.

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | H | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06680 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 227,640,800 | | 0 | | 227,640,800 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | | 227,640,800 | | 0 | | 227,640,800 | 公司名稱: 江西金力永磁科技股份有限公司 呈交日期: 2025年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company is expected to face a decline in net profit for 2024, with estimates ranging from 271 to 327 million yuan, representing a year-on-year decrease of 42% to 52%. The adjusted net profit is projected to be between 161 to 217 million yuan, reflecting a decline of 56% to 67% year-on-year. Despite this, the company achieved record production and sales volumes, with a net operating cash flow of 420 million yuan [6] - The company plans to invest in a new project to produce 20,000 tons of high-performance rare earth permanent magnet materials, with a total investment of 1.05 billion yuan. This project aims to enhance production capacity to 60,000 tons annually by 2025 [6] - Revenue forecasts for 2024 to 2026 are estimated at 6.507 billion, 8.785 billion, and 10.825 billion yuan respectively, with net profits projected at 318 million, 583 million, and 848 million yuan. The corresponding P/E ratios for 2024 to 2026 are expected to be 82.93, 45.28, and 31.14 [6] Financial Performance - The company reported a total revenue of 6.688 billion yuan in 2023, with a year-on-year growth of 75.6%. However, a decline of 6.7% is expected in 2024 [7][10] - The gross profit margin for 2024 is projected to be 11.5%, down from 16.1% in 2023, with a gradual recovery expected in subsequent years [9][10] - The net profit margin is anticipated to decrease to 4.9% in 2024, with a recovery to 6.7% and 7.9% in 2025 and 2026 respectively [9][10] Market Comparison - The company's stock performance has been compared to the CSI 300 index, showing a relative increase of 3.27% over one month and 45% over three months [4]