Core Viewpoint - The surge in rare earth permanent magnet stocks is primarily driven by Tesla CEO Elon Musk's comments regarding the impact of China's export restrictions on rare earth magnets for the production of humanoid robots [1][2]. Group 1: Market Reaction - Rare earth permanent magnet stocks experienced a sharp increase, with Jinli Permanent Magnet rising over 10%, and other companies like Longmag Technology and Zhenghai Magnetic Materials also seeing gains of over 5% [1][2]. - The robotics sector also saw significant gains, with stocks like Yujian and Horizon Robotics increasing by over 13% and 14% respectively, indicating a strong market correlation between robotics and rare earth magnets [2]. Group 2: Supply Chain and Export Restrictions - China's recent export restrictions on rare earth materials are a response to U.S. tariffs, affecting the supply of minerals used in weapons, electronics, and consumer goods [2][4]. - Exporters now need to apply for licenses from the Chinese Ministry of Commerce, a process that could take several weeks to months, potentially impacting production timelines for companies reliant on these materials [2][4]. Group 3: Demand Forecast - Goldman Sachs predicts that humanoid robot shipments could reach 890,000 units by 2030, with a compound annual growth rate of 53% from 2025 to 2030 [3]. - The demand for rare earth permanent magnets in humanoid robots is estimated to be around 3.5 kg per robot, leading to a projected total demand of 3,115 tons by 2030 if the shipment target is met [4]. Group 4: Industry Dynamics - The use of rare earth permanent magnets in servo motors is crucial for the precise movement of humanoid robots, enhancing motor efficiency and control precision [4]. - China controls over 85% of global rare earth refining capacity, with the U.S. relying on China for 80% of its rare earth imports, highlighting the geopolitical implications of supply chain dependencies [4].

Group 1 - The rare earth sector experienced a significant rally on April 23, with Jinli Permanent Magnet rising over 10%, followed by Dragon Magnetic Technology, Ocean Motor, and Dadi Bear [1] - Jinli Permanent Magnet is a leading supplier of high-performance rare earth permanent magnet materials, with a production capacity of 23,000 tons of high-performance iron-boron permanent magnet materials annually [2] - Dragon Magnetic Technology is one of the largest producers of permanent magnet ferrite wet-pressed magnetic tiles, with a production capacity of nearly 45,000 tons [2] Group 2 - Elon Musk, CEO of Tesla, indicated that the mass production plan for the "Optimus" humanoid robot will be affected by China's rare earth export control measures, prompting Tesla to apply for export licenses for rare earth permanent magnet materials [3] - High-performance neodymium-iron-boron permanent magnet materials are essential for servo motors in humanoid robots, with each robot requiring approximately 3.5 kg of this material [4] - The global humanoid robot market is projected to reach 85.5 billion yuan by 2030, with a compound annual growth rate (CAGR) of 71% from 2021 to 2030, significantly increasing the demand for neodymium-iron-boron materials [4] Group 3 - The supply of rare earth materials is expected to remain constrained due to slowing growth in domestic mining quotas and unstable imports from Myanmar, leading to an improved supply-demand balance for rare earth magnetic materials [4] - The rare earth price index has risen by 11.12% compared to the end of 2024, indicating a potential increase in prices for rare earth permanent magnet materials [4] - The demand for rare earth permanent magnet materials is anticipated to grow due to policies promoting new energy vehicles and home appliances [4]

Group 1 - MP Materials announced the cessation of rare earth concentrate shipments to China, driven by both commercial interests and geopolitical competition [1][2] - China imports approximately 4% of its total supply of praseodymium and neodymium oxide from the US, and the halt in shipments may lead to a temporary supply contraction [2][3] - The cessation of shipments is expected to drive up rare earth prices, with the rare earth magnetic materials sector likely to experience a reversal [1][3] Group 2 - Supply-side constraints are expected to strengthen due to stricter regulatory measures and potential market exits of smaller enterprises, alongside the impact of MP's shipment halt [3] - Demand for rare earth magnetic materials is anticipated to remain robust, supported by new domestic policies and their critical role in humanoid robots [3]

格隆汇4月23日｜A股市场稀土永磁板块拉升，其中，金力永磁(300748)涨超12%，龙磁科技涨超8%， 宜安科技(300328)涨7%，银河磁体(300127)、大地熊、正海磁材(300224)涨超5%，德宏股份(603701)、 九菱科技、宁波韵升(600366)、中科三环(000970)、中科磁业、英洛华(000795)涨超4%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 特斯拉马斯克22日表示，其"擎天柱"人形机器人的生产受到了中国对稀土磁体出口限制的影响。马斯克 说，中国希望保证其稀土磁体不用于军事目的。他补充说，特斯拉正在与北京方面合作，以获得使用稀 土磁体的出口许可证。 (责任编辑：宋政 HN002) | 代码 | 名称 | | 涨幅% ↓ | 总市值 | | --- | --- | --- | --- | --- | | 300748 | 金力永磁 | 1 | 12.24 | 299 ...

暗盘资金正涌入这些股票，点击速看>>> 稀土永磁板块午后拉升，金力永磁（300748）涨超10%，龙磁科技（300835）涨超7%，银河磁体 （300127）、正海磁材（300224）、大地熊跟涨。 ...

证券代码：300748 证券简称：金力永磁 公告编号：2025-021 江西金力永磁科技股份有限公司 关于控股股东一致行动人部分股份质押和解除质押的公告 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"或"本公司"）于 2025 年 4 月 18 日接到控股股东一致行动人赣州格硕投资管理中心（有限合伙）（以 下简称"赣州格硕"）通知，获悉赣州格硕所持有本公司的部分股份被质押，以 及部分股份解除质押，具体情况如下： 注：被质押的股份不涉及重大资产重组等业绩承诺股份补偿义务； | 江西瑞德 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 创业投资 | 38,710.0160 | 28.21% | 4,500.00 | 4,500.00 | 11.62% | 3.28% | 0 | 0% | 0 | 0% | | 有限公司 | | | | | | | | | | | | 赣州格硕 | 8 ...

金属新材料板块短线走低，天和磁材（603072）跌超8%，中洲特材（300963）、银河磁体 （300127）、合金投资（000633）、金力永磁（300748）等跟跌。 暗盘资金流向曝光！提前捕捉庄家建仓信号>> ...

Summary of Conference Call Company and Industry Overview - The conference call primarily discusses a company involved in the rare earth materials industry, focusing on its production capabilities and market dynamics. The company has been supported by government policies aimed at enhancing production capacity in this sector [1][2]. Key Points and Arguments Production Capacity and Growth - The company achieved a production capacity of 38,000 tons of rare earth materials by the end of 2020, with plans to reach 40,000 tons by 2025 [1]. - The company has successfully completed its H-share listing and is actively expanding its production capabilities, with a target of 60,000 tons by 2027 [8][28]. Financial Performance - In 2024, the company reported a decline in metal raw material prices, with a decrease of approximately 25% year-on-year, impacting overall business operations [2]. - The company’s cash flow was reported at nearly 500 million RMB, with a significant drop in net profit by about 48% compared to the previous year [3]. - The gross profit margin was around 11%, reflecting a decline of approximately 4.94% [3]. Revenue Growth in Key Segments - The automotive segment generated revenue of 3.314 billion RMB, with a year-on-year sales increase of nearly 40% [4]. - The air conditioning segment achieved revenue of 1.54 billion RMB, with sales growth exceeding 60% [4]. - The company is also focusing on industrial robots and automation, with revenues nearing 200 million RMB [4]. Research and Development - The company invested over 310 million RMB in R&D in 2024, accounting for about 4.7% of total revenue, maintaining a consistent investment level compared to previous years [6]. - The company is focusing on high-reliability components and has made breakthroughs in various technologies, including high-temperature materials [6]. Dividend Policy - The company has implemented a high dividend payout policy, with cash dividends exceeding 90% of its operating income for the year [7][19]. - A total dividend of approximately 164 million RMB is expected, with a payout of 1.2 RMB per share for all shareholders [7]. Market Demand and Future Outlook - The company anticipates stable growth in demand for new energy vehicles and air conditioning, which together account for about 80% of its product structure [14]. - The global sales of new energy vehicles reached 1.72 million units in 2024, with expectations to rise to 2 million units in 2025 [14]. - The company is also exploring opportunities in low-altitude flying vehicles, indicating a strategic shift towards innovative technologies [20][42]. Challenges and Risks - The company faces challenges related to fluctuating raw material prices and competition within the industry, which could impact profit margins [2][13]. - The ongoing geopolitical tensions and trade policies may affect the company's overseas expansion plans, particularly in Mexico [23][24]. Additional Important Information - The company has established strong relationships with upstream suppliers to ensure raw material availability and favorable procurement prices [8]. - The company is committed to sustainability, with significant efforts in recycling and ESG certifications, achieving a leading position in the industry [9]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic initiatives, financial performance, and market outlook.

Financial Performance - In 2024, the company achieved a revenue of RMB 6,763.3 million, a year-on-year increase of 1.13%, while net profit attributable to the parent company was RMB 291.0 million, a decrease of 48.37%[7]. - The company reported a revenue of RMB 1.2 billion for the fiscal year ending December 31, 2023, representing a year-over-year increase of 15%[36]. - The company has set a revenue guidance of RMB 1.5 billion for the fiscal year 2024, which reflects an expected growth of 25% compared to 2023[36]. - The company reported a gross margin of 35% for the year, an improvement from 30% in the previous year[36]. - The net profit attributable to the parent company's owners for 2024 was RMB 291.0 million, a decrease of 48.37% from RMB 563.7 million in 2023[37]. - The gross profit for 2024 was RMB 752.6 million, representing a decrease of 29.98% compared to RMB 1,074.9 million in 2023[37]. - The company's annual profit margin decreased from 8.48% in 2023 to 4.35% in 2024[125]. - The net cash flow from operating activities was RMB 507.9 million, down 66.53% from RMB 1,517.8 million in 2023[38]. - The net cash flow from financing activities for the year ending December 31, 2024, was RMB 916 million, primarily from bank loans of RMB 908.8 million and H-share issuance proceeds of RMB 197.5 million[129]. Production and Capacity - The company's production capacity utilization rate exceeded 90%, with high-performance magnetic material sales volume increasing by approximately 40% year-on-year, reaching a historical high[10]. - The company produced approximately 29,300 tons of high-performance magnetic materials in 2024, representing a year-on-year increase of 39.48%[69]. - The sales volume of high-performance magnetic materials reached about 20,900 tons in 2024, marking a year-on-year growth of 37.88%[69]. - The company aims to achieve an annual production capacity of 60,000 tons of high-performance rare earth permanent magnet materials by 2027, with a focus on advanced humanoid robot magnetic components[137]. - The company has achieved an actual production capacity of 32,000 tons of high-performance rare earth permanent magnet materials, with a utilization rate exceeding 90%[93]. - By the end of 2024, the company is expected to have a production capacity of 38,000 tons per year for high-performance rare earth permanent magnet materials, with plans to reach 40,000 tons by 2025[93]. Market and Sales - In the new energy vehicle sector, sales revenue from magnetic steel products amounted to RMB 3,313.7 million, with a sales volume growth of 38.62%, enabling the assembly of approximately 5.5 million new energy passenger vehicles[20]. - The company’s sales revenue in the 3C sector reached RMB 213.4 million, with a year-on-year growth of 104.54%[21]. - The company’s sales revenue from energy-saving variable frequency air conditioning magnetic steel products was RMB 1,540.4 million, with a sales volume growth of 61.81%[20]. - The company aims to enhance its market share in sectors such as new energy vehicles, energy-efficient variable frequency air conditioning, wind power generation, and industrial robots[142]. - The company is focusing on high-performance rare earth permanent magnet materials, which are expected to see a compound annual growth rate (CAGR) of over 60%[28]. Research and Development - The company is investing RMB 200 million in R&D for new permanent magnet materials, aiming to enhance product performance and reduce production costs[36]. - The company’s R&D expenditure in 2024 was RMB 321 million, accounting for 4.74% of total revenue[90]. - The company is actively developing humanoid robot magnetic components, with initial small-scale production already underway[85]. - The company plans to increase R&D investment in humanoid robot magnetic components to meet the growing market demand[144]. - The company is leveraging advanced technologies such as crystal boundary penetration technology to improve its product performance[28]. Environmental, Social, and Governance (ESG) - The company’s ESG score improved significantly to 56 points in 2024, reflecting its commitment to sustainable development[8]. - The company is committed to ESG (Environmental, Social, and Governance) initiatives as part of its long-term strategy[28]. - The company has received the ISO 14064 carbon inspection certificate and improved its S&P Global ESG Score to 56, reflecting significant progress in sustainable development[104]. - The company has committed RMB 3,134 million to environmental protection and health safety expenditures during the reporting period[100]. - The company’s green electricity usage accounted for 26% of its total electricity consumption in 2024, with solar power projects generating 4.8 million kWh, reducing carbon emissions by 2,812 tons[98]. Corporate Governance - The company maintains high standards of corporate governance, continuously improving its governance structure and internal management systems[167]. - The board of directors consists of 9 members, including 2 executive directors, 4 non-executive directors, and 3 independent non-executive directors, with independent directors making up at least one-third of the board[1]. - The company emphasizes the importance of internal control systems and has implemented measures to enhance internal audit supervision and compliance training[181]. - The company has established a high-level corporate governance framework, adhering to the applicable code provisions of the corporate governance code[182]. - The company ensures equal rights for all shareholders during general meetings, adhering to legal and regulatory requirements[168]. Shareholder Information - The top shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.21% of the shares, with 387,100,160 shares pledged[152]. - The company has a total of 20,171,400 H-shares held by Jiangxi Ruide Venture Capital Co., Ltd., which represents 8.86% of the H-share equity[154]. - The beneficial ownership of A-shares by Jiangxi Ruide Venture Capital Co., Ltd. is 387,100,160, accounting for 33.82% of the relevant equity[154]. - The company has no other corporate shareholders holding 10% or more of the shares, excluding the Hong Kong Central Clearing and Settlement System[162]. - The company’s major shareholders have signed a concerted action agreement, indicating a unified approach to shareholding[155].

江 西 金 力 永 磁 科 技 股 份 有 限 公 司 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. （ 在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股 份 代 碼：06680） 董事會會議日期 蔡報貴 江 西，2025年4月11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 非 執 行 董 事 朱 玉 華 先 生、徐 風 先 生 及 曹 穎 女 士。 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4月25日（星 期 五）舉 行 董 事 會 會 ...