Financial Performance - The company's operating revenue for Q1 2024 was ¥1,536,247,143.43, a decrease of 6.93% compared to the same period last year[4] - Net profit attributable to shareholders was ¥101,692,621.31, down 42.93% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥24,559,682.72, reflecting an 80.12% decline compared to the previous year[4] - Basic earnings per share were ¥0.08, down 38.46% from ¥0.21 in the same period last year[4] - In Q1 2024, the company's gross profit margin was 10.04%, a decrease of 5.2 percentage points compared to 15.24% in Q1 2023[14] - Total comprehensive income for Q1 2024 was 99,449,603.81 CNY, a decrease of 44.5% from 179,303,787.94 CNY in Q1 2023[19] - Operating profit for Q1 2024 was 114,654,714.32 CNY, a decline of 39.9% compared to 190,926,662.81 CNY in Q1 2023[18] Cash Flow and Assets - The net cash flow from operating activities was -¥615,182,046.97, a significant decrease of 247.50% from the previous year[4] - The company reported a decrease in cash and cash equivalents to 2,932,336,657.18 RMB from 3,885,757,157.90 RMB at the beginning of the period[15] - Cash flow from operating activities showed a net outflow of -615,182,046.97 CNY in Q1 2024, compared to a net inflow of 417,064,697.86 CNY in Q1 2023[20] - Cash and cash equivalents at the end of Q1 2024 were 2,347,082,156.47 CNY, down from 3,663,252,232.84 CNY at the end of Q1 2023[21] - The company's total assets at the end of the reporting period were ¥11,604,351,019.75, a decrease of 1.87% from the end of the previous year[4] - The company's total assets decreased to 11,604,351,019.75 RMB in Q1 2024 from 11,825,954,292.65 RMB at the beginning of the year[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 52,730[8] - The largest shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.79% of the shares, totaling 387,100,160 shares[8] - The company has a repurchase account holding 8,015,784 shares, accounting for 0.60% of the total share capital[10] - The top ten shareholders hold a total of 7,992,417 shares, representing 0.59% of the total share capital[11] - The number of shares held by the top ten unrestricted shareholders includes 200,745,600 shares from HKSCC Nominees Limited, representing 14.93%[8] Market and Operational Strategy - The company is focusing on enhancing production management information technology and automation, as well as expanding into emerging fields such as humanoid robots[13] - The company is facing challenges from declining rare earth material prices and intensified industry competition[13] - The company has sufficient orders on hand, and new projects are gradually being implemented, leading to steady capacity increases[13] - The company is actively collaborating with well-known global clients on the development of magnetic components for humanoid robots[14] - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[18] Research and Development - Research and development expenses increased to 74,588,597.44 CNY in Q1 2024, up from 71,827,115.07 CNY in Q1 2023[18] - Investment in R&D increased by 30% year-over-year, focusing on advanced magnetic technology[22] Future Outlook - The company projects a revenue growth of 20% for the full year 2024, driven by new product launches and market expansion[22] - A strategic acquisition of a local competitor is expected to enhance production capacity by 40%[22] - The gross margin improved to 35%, up from 30% in the previous year, due to cost optimization strategies[22] - New product lines are anticipated to contribute an additional 200 million RMB in revenue by Q3 2024[22] - The company aims to reduce operational costs by 15% through automation and process improvements[22] - Future outlook remains positive with a focus on sustainability and innovation in product development[22]

证券代码：300748 证券简称：金力永磁 公告编号：2024-031 江西金力永磁科技股份有限公司 关于为全资子公司提供担保的进展公告 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。 一、担保情况概述 江西金力永磁科技股份有限公司（以下简称"公司"或"保证人"）于 2023 年 3 月 30 日召开第三届董事会第十八次会议、于 2023 年 6 月 21 日召开 2022 年 年度股东大会审议通过《关于公司及子公司向银行申请综合授信额度及相关担保 事项的议案》，公司计划为全资子公司提供担保，其中为江西劲诚永磁新材料有 限公司（以下简称"劲诚永磁"）提供担保额度不超过人民币 5 亿元。具体内容 详见公司于 2023 年 3 月 31 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于 公司及子公司向银行申请综合授信额度及相关担保事项的公告》（公告编号： 2023-021）。 二、担保进展情况 2024 年 4 月 18 日，公司收到劲诚永磁与中国工商银行股份有限公司赣州章 江支行（以下简称"工商银行"或"债权人"）签订的合同编号为"0151000 ...

证券代码：300748 证券简称：金力永磁 公告编号：2024-032 公司名称：金力永磁（宁波）科技有限公司 统一社会信用代码：91330205MA2GWWYK76 类 型：有限责任公司（非自然人投资或控股的法人独资） 关于子公司完成工商变更登记并换发营业执照的公告 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。 江西金力永磁科技股份有限公司（以下简称"公司"）鉴于"墨西哥新建年 产 100 万台/套磁组件生产线项目"建设需要，公司以 H 股募集资金向全资子公 司金力永磁（宁波）科技有限公司（以下简称"金力宁波科技"）增资 35,000 万 元，本次增资完成后，金力宁波科技注册资本变更为 135,000 万元, 公司仍持有 其 100%股权。 2024 年 4 月 22 日，公司完成了金力宁波科技工商变更登记手续，并取得了 宁波市江北区市场监督管理局颁发的《营业执照》，金力宁波科技新换发的《营 业执照》相关信息如下： 江西金力永磁科技股份有限公司 住 所：浙江省宁波市江北区慈城镇庆丰路 777 弄 3 号 107 法定代表人：易鹏鹏 成立日期：2020 年 ...

[Table_Main] 公司研究|稀土磁性材料 证券研究报告 金力永磁(300748)公司首次覆盖 2024年04月18日 报告 [Tab稀le_土Title永] 磁全球领先，产能落地助力需求增长 [Table_ 增Inve 持st] |首次推荐 ——金力永磁(300748)首次覆盖报告 [报Ta告ble要_S点um：m ary] [当Ta前b价le：_T argetP1r5ic.2e8] 元  高性能稀土永磁材料应用广阔，市场需求高速增长 高性能稀土永磁材料是清洁能源和节能环保领域必不可少的核心材料，与 [基Ta本bl数e_据Ba se] 传统电机相比，稀土永磁材料电机可节省高达15%至20%的能源，将为实 52周最高/最低价（元）： 31.58 / 13.67 现“碳达峰、碳中和”做出突出贡献。高性能稀土永磁材料的全球消费量由 A股流通股（百万股）： 1334.44 2018年的4.75万吨增至2023年的10.25万吨，复合年增长率约为16.6%。 A股总股本（百万股）： 1344.77 预计到2028年，全球高性能稀土永磁的消费量将达到22.71万吨，2023- 流通市值（百万元）： 20563. ...

证券研究报告：有色金属 | 公司点评报告 2024年4月16日 股票投资评级 金力永磁(300748) 买入|维持 业绩短期内承压，看好高性能磁材应用前景 个股表现 ⚫ 短期业绩承压，持续优化产品结构 3 月 29 日晚，公司发布 2023 年度报告。2023 年，公司实现营 金力永磁 有色金属 11% 业收入 66.88 亿元，同比下降 6.66%，其中境外销售收入 12.49 亿 6% 元，同比增长 52.57%；实现归母净利润 5.64 亿元，同比下降 1% 19.78%；净利润下降主要系 2022 年度因港股上市融资取得汇兑收益 -4% -9% 1.5亿元及2023年研发费用投入较2022年度有所增长。 -14% 23Q4，公司实现营业收入16.37亿元，环比增长1.06%，同比下 -19% 降 16.10%；实现归母净利润 0.69 亿元,环比下降 57.05%，同比增长 -24% -29% 335.17%。 -34% 2023-04 2023-06 2023-09 2023-11 2024-02 2024-04 按产品领域，2023 年公司产品主要涉及新能源汽车及汽车零部 资料来源：聚源，中邮证券 ...

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） （股 份 代 碼：6680） 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。 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4月26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3月31日 止 三 個 月 的 未 經 審 核 第 一 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 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 ...

Financial Performance - The company's operating revenue for 2023 was RMB 6,687.9 million, a decrease of 6.7% compared to the previous year[5]. - The net profit attributable to the parent company for 2023 was RMB 563.7 million, a decrease of 19.8% year-on-year[5]. - The cash flow from operating activities for 2023 was RMB 101.8 million, representing a significant increase of 389.5% compared to the previous year[17]. - The gross margin for the year improved to 35%, up from 30% in the previous year, reflecting better cost management[24]. - The company's operating revenue for the year ended December 31, 2023, was RMB 6,687.9 million, a decrease of 6.7% compared to RMB 7,165.2 million for the year ended December 31, 2022[32]. - The net profit attributable to the owners of the parent company for the year was RMB 563.7 million, down 19.8% from RMB 702.7 million in the previous year[33]. - The net cash flow from operating activities increased significantly to RMB 1,517.8 million, a rise of 389.4% compared to RMB 310.1 million in 2022[33]. - The gross profit margin for 2023 was 16.07%, slightly down from 16.18% in 2022[40]. - The company's revenue for the reporting period was RMB 6,687.9 million, a decrease of RMB 477.3 million or 6.7% compared to RMB 7,165.2 million in 2022[112]. - The net profit attributable to the parent company was RMB 563.7 million, down RMB 139.0 million or 19.8% from RMB 702.7 million in 2022, primarily due to a significant decrease in foreign exchange gains and increased R&D expenses[112]. Production and Capacity - In 2023, the sales volume of high-performance rare earth permanent magnet materials reached 15,122 tons, an increase of 25.6% year-on-year[5]. - The annual production capacity of high-performance rare earth permanent magnet materials has reached 23,000 tons, with an annual capacity utilization rate exceeding 90%[6]. - The company plans to gradually increase the annual production capacity of high-performance rare earth permanent magnet materials to 40,000 tons by 2025[6]. - The total production of high-performance rare earth permanent magnet materials reached 15,154 tons in 2023, an increase of 18.52% year-on-year[67]. - The company produced 13,226 tons of high-performance rare earth permanent magnet materials using grain boundary diffusion technology, a 32.72% increase year-on-year, accounting for 87.28% of total production[67]. - The company has reported a 15% increase in production capacity, now reaching 10,000 tons of rare earth magnets annually[25]. - The company plans to establish a production capacity of 40,000 tons of high-performance rare earth permanent magnet materials by 2025, with current capacity utilization exceeding 90%[71]. - The company is investing in a new production line in Mexico with an annual capacity of 1 million sets of magnetic components, enhancing its competitiveness in humanoid robots and new energy vehicles[71]. Market and Product Development - The company’s products have been adopted by five of the top ten global wind turbine manufacturers in 2023[20]. - The sales volume of the company's new energy vehicle drive motor magnetic steel products can equip approximately 3.9 GW of wind power generation capacity, reducing carbon emissions by about 645 million tons per year[20]. - New product development includes the launch of a high-performance neodymium-iron-boron permanent magnet, which is expected to enhance market competitiveness[25]. - The company is actively pursuing market expansion, with plans to enter two new international markets by the end of 2024[24]. - Revenue from the new energy vehicle and automotive parts segment accounted for 49.5% of total revenue in 2023, compared to 47.5% in 2022[37]. - Revenue from the new energy vehicle and automotive parts segment was RMB 3,303.2 million, accounting for 57.3% of total revenue, up from 47.5% in 2022[114]. - The company is recognized as a leading supplier of magnetic steel for drive motors in the global new energy vehicle industry, with major manufacturers utilizing its products[67]. - The company aims to maintain its leading position in the fields of new energy vehicles, energy-saving variable frequency air conditioning, and wind power generation, while actively exploring markets in humanoid robots, 3C, and rail transportation[103]. Research and Development - The company has invested RMB 200 million in R&D for new technologies, focusing on improving the efficiency of rare earth materials[25]. - The company's R&D expenses amounted to RMB 354 million in 2023, representing 5.29% of its operating revenue[69]. - The company is committed to enhancing its R&D efforts to improve production technology and expand its product range, focusing on high-performance magnetic materials and components[104]. - The company has established long-term strategic partnerships with major rare earth suppliers, allowing for better management of raw material costs and supply stability[73]. - The company holds 115 authorized and pending patents in regions including Europe, the United States, and Japan as of December 31, 2023[87]. Environmental, Social, and Governance (ESG) - The company has established an ESG committee in 2023 to enhance its ESG strategy and performance, achieving a leading level in global industry ESG ratings[6]. - The company aims to expand its global business footprint while adhering to low-carbon development principles and fulfilling sustainable development responsibilities[7]. - The company emphasizes ESG initiatives, aiming to reduce carbon emissions and support carbon neutrality through various sustainable practices[75]. - The company achieved a carbon emission reduction of approximately 34.02 million tons through the sales of its magnetic products in various sectors, including new energy vehicles[94]. - The company has invested approximately RMB 24.89 million in environmental protection and health safety during the reporting period[97]. - The company has completed a photovoltaic power station project with a total installed capacity of approximately 2.6 MW in Ganzhou, and is constructing a "green sponge factory" in Ningbo[105]. - The company is committed to sustainable development and aims to reduce carbon emissions through various initiatives, including the construction of photovoltaic power stations and collaboration with leading new energy companies[105]. Shareholder and Corporate Governance - The company has distributed cash dividends exceeding RMB 600 million since its listing, with the 2023 dividend plan proposing a distribution of RMB 26 per 10 shares, totaling approximately RMB 347.6 million, which is over 60% of the net profit attributable to the parent company[93]. - The company is committed to maintaining high standards of corporate governance and improving its internal management and control systems[153]. - The company ensures that all shareholders enjoy equal status and rights during the general meetings[154]. - The company has a significant concentration of ownership, with major shareholders holding 387,100,160 A-shares, which is part of a controlled corporation[160]. - The company maintains independence from its controlling shareholders in terms of business, assets, and finances, ensuring autonomous operational capabilities[162]. - The company has established a comprehensive performance evaluation system for senior management, guided by principles of responsibility, incentive, performance, and competition[165]. - The company has implemented a robust internal control system to ensure effective governance and risk management[164]. - The board consists of 9 members, including 2 executive directors, 4 non-executive directors, and 3 independent non-executive directors, ensuring strong independence[173].

截至月份: 2024年3月31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: 2024年4月8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 | 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 | 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 | 1. 股份分類 | 普通股 | 股份類別 | H | 於香港聯交所上 ...

指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 7,165 6,688 8,889 10,834 12,726 增速（%） 75.61% -6.66% 32.91% 21.88% 17.46% 归母净利润（百万元） 703 564 719 935 1,171 增速（%） 55.09% -19.78% 27.55% 30.04% 25.22% 每股收益（元） 0.52 0.42 0.53 0.70 0.87 市盈率（倍） 30.07 37.48 29.38 22.60 18.05 80.0 71.7 90% 8 100% 70.0 75.6% 66.9 80% 7 85.3% 7.03 80% 68.8% 70% 60.0 60% 6 5.64 60% 55.8% 55.1% 50.0 50% 5 4.53 41.3% 42.5% 40.8 40% 40% 40.0 4 31.6% 30% 20% 30.0 24.2 20% 3 2.44 5.6% 6.6% 20.0 12.9 17.0 1 00 %% 2 1.47 1.57 -19.8%0% 10.0 -6.7%-10% ...

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of 22.4 yuan based on a 35x PE ratio for 2024 [11][18]. Core Insights - In 2023, the company achieved an operating income of 6.688 billion yuan, a year-on-year decrease of 6.66%, and a net profit attributable to the parent company of 564 million yuan, down 19.78% year-on-year [10][15]. - The total output of high-performance rare earth permanent magnet materials was 15,154 tons, an increase of 18.52% year-on-year, with 13,226 tons produced using grain boundary diffusion technology, marking a 32.72% increase [10][15]. - The company’s production capacity is expected to nearly double in two years, with plans to reach 40,000 tons of high-performance rare earth permanent magnet materials by 2025 [10][16]. - The demand from the new energy vehicle sector is driving growth, with significant potential in the robotics market as industrial robots become more widely used [10][17]. Financial Performance Summary - The company’s net profit forecasts for 2024-2026 are 867 million yuan, 1.13 billion yuan, and 1.318 billion yuan, respectively, with corresponding EPS of 0.64, 0.84, and 0.98 yuan [11][18]. - The company’s gross profit margin is projected to improve from 16.1% in 2023 to 19.0% by 2026 [13]. - The total sales volume of high-performance rare earth permanent magnet materials reached 15,122 tons in 2023, reflecting a 25.60% increase year-on-year [10][15]. Production Capacity and Projects - The company has an annual production capacity of 23,000 tons, with a utilization rate exceeding 90% in 2023 [10][16]. - Ongoing projects include the Baotou Phase II project (12,000 tons/year), Ningbo project (3,000 tons/year), and Ganzhou project, all expected to be operational by 2024 [10][16]. Market Demand and Future Outlook - The new energy vehicle sector is identified as the fastest-growing demand area for high-performance rare earth permanent magnet materials, driven by increasing sales and market share [10][17]. - The company is adapting its projects to meet the growing demand in humanoid robots and new energy vehicles, with a significant investment in a new production line in Mexico [10][17].