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]

证券代码：300748 证券简称：金力永磁 公告编号：2025-001 江西金力永磁科技股份有限公司 第四届董事会第四次会议决议公告 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 2025 年 1 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四次会议于 2025 年 1 月 20 日（星期一）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。会议的召集召开和表决程序符 合《中华人民共和国公司法》及《公司章程》的有关规定。会议经表决，审议通 过如下议案： 一、审议通过《关于在包头投资建设年产 20000 吨高性能稀土永磁材料绿 色智造项目的议案》 为了积极响应国家关于全力建设"两个稀土基地"的政策，公司董事会秉持 "成为世界稀土永磁行业领军企业"的愿景，根据市场需求，结合自身业务发展 需要，在 2025 年建成 4 万吨高性能稀土永磁材料产能的基础上，公司拟通过全 资子公司金力永磁（包头）科技有限公司投资建设"年产 20000 吨高性能 ...

Financial Performance - The estimated net profit attributable to shareholders for 2024 is expected to be approximately 270.57 million yuan, a decrease of 42%-52% compared to the previous year's 326.94 million yuan [3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be around 160.57 million yuan, down 56%-67% from 216.94 million yuan in the previous year [3]. - The company anticipates a slight increase in annual operating revenue compared to the previous year, despite the decline in net profit [5]. - The net cash flow from operating activities is expected to be approximately 420 million yuan for 2024 [5]. - The financial data presented is preliminary and has not been audited by an external accounting firm [4]. - The company will provide detailed financial data in the 2024 annual report, urging investors to make cautious decisions [7]. Market Conditions - The average price of praseodymium-neodymium metal is expected to be 490,000 yuan per ton in 2024, a decrease of approximately 25% from 650,000 yuan per ton in 2023 [6]. - Increased personnel reserves and training costs at the Ningbo and Baotou factories have led to a temporary rise in unit costs and management expenses, impacting net profit [6]. Operational Highlights - The company achieved a capacity utilization rate exceeding 90% and recorded the highest sales volume of high-performance magnetic materials in its history [5]. - The company is actively expanding its business and preparing for production capacity increases despite the challenges posed by declining raw material prices [5].

Group 1: Business Development - The company is actively engaging in the development of magnetic components for humanoid robots, which is a significant growth point for high-performance magnetic materials [2] - Initial small batch deliveries have been made, but the current impact on revenue and profitability is minimal [2] Group 2: Raw Material Supply and Inventory - The company sources rare earth materials primarily from domestic suppliers, including Northern Rare Earth Group and China Rare Earth Group, ensuring stable long-term partnerships [3] - In 2023, the company utilized 1,848 tons of recycled rare earth materials, accounting for 29.39% of total rare earth material usage [3] Group 3: 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 performance [4] Group 4: H Share Issuance - On December 30, 2024, the company successfully completed the issuance of 26,895,200 H shares at an issue price of HKD 7.82 per share, raising approximately HKD 210 million [5] - The controlling shareholder subscribed for 20,171,400 shares, representing 75% of the total issuance, demonstrating confidence in the company's future [5] Group 5: Production Capacity and Orders - The company achieved a production capacity utilization rate exceeding 90% in the first three quarters of 2024, with a year-on-year sales growth of approximately 40% [6] - Revenue for the period reached CNY 5.014 billion, remaining stable compared to the previous year [6] - The company holds an optimistic outlook for 2025, driven by favorable policies and increasing market penetration in sectors like new energy vehicles and variable frequency air conditioners [6]