Group 1 - China Chengtong Holdings Group Co., Ltd. reduced its stake in Jinli Permanent Magnet (300748) by 8.0276 million shares at a price of HKD 24.6632 per share, totaling approximately HKD 198 million [1] - After the reduction, the latest shareholding number is approximately 26.9813 million shares, representing a holding percentage of 11.85% [1] - The transaction involved other related parties, including the State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd. [1]

Group 1 - The core point of the article is that China Chengtong Holdings Group Co., Ltd. has reduced its stake in Jinli Permanent Magnet (06680) by selling 8.0276 million shares at a price of HKD 24.6632 per share, totaling approximately HKD 198 million [1] - After the reduction, the latest number of shares held by China Chengtong is approximately 26.9813 million, representing a holding percentage of 11.85% [1] - The transaction also involves other related parties, specifically the State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd. [1]

金力永磁于2025年9月8日披露了《关于股东减持股份预披露公告》(公告编号：2025-061)，公司收到控 股股东瑞德创投一致行动人赣州欣盛的《股份减持计划的告知函》，持有公司股份23,536,435股(占本公 司总股本比例1.72%)的赣州欣盛，计划自公告发布之日起15个交易日后的3个月内(即自2025年9月30日 至2025年12月29日)，以集中竞价或大宗交易方式减持其持有的公司股份不超过13,684,663股(占公司总 股本比例1%)。 金力永磁2023年度A股募集资金存放与使用情况的专项报告显示，公司2020年向特定对象发行股票募集 资金，经中国证券监督管理委员会出具的《关于同意江西金力永磁科技股份有限公司向特定对象发行股 票注册的批复》(证监许可〔2020〕2901号)同意，本公司向特定对象发行股票，募集资金总额为人民币 520,999,795.86元，扣除保荐及承销费用人民币6,772,997.35元(不含税)后的余额人民币514,226,798.51元 已全部划转至公司银行账户。公司本次募集资金总额为人民币520,999,795.86元，扣除发行费用人民币 (不含税)9,362,619.98元 ...

Group 1 - The core viewpoint of the article is that the recent export control measures on rare earth products and technologies by the Ministry of Commerce and the General Administration of Customs are expected to benefit leading companies holding quotas while increasing compliance complexity for downstream magnet manufacturers like Jinli Permanent Magnet [1] - The policy aims to strengthen domestic market protection, which may lead to long-term benefits for companies like Jinli Permanent Magnet through enhanced domestic demand predictability, offsetting short-term export friction [1] - Jinli Permanent Magnet reported preliminary results for the first nine months, with net profit ranging from 505 million to 550 million yuan, representing a year-on-year increase of 157% to 179%, which aligns with Citigroup's estimates for the year [1] Group 2 - Citigroup maintains a "Buy" rating on Jinli Permanent Magnet with a target price of 25.3 Hong Kong dollars [1]

Core Viewpoint - Jiangxi Jinli Permanent Magnet Technology Co., Ltd. (referred to as "Jinli Permanent Magnet") expects significant profit growth for the first three quarters of 2025, driven by strategic market expansion and operational efficiency improvements [2][4]. Group 1: Financial Performance - For the first three quarters of 2025, Jinli Permanent Magnet anticipates a net profit attributable to shareholders ranging from 505 million to 550 million yuan, representing a year-on-year increase of 157% to 179% compared to 196.88 million yuan in the same period last year [2][3]. - The net profit after deducting non-recurring gains and losses is expected to be between 415 million and 460 million yuan, marking a substantial year-on-year growth of 365% to 415% from 89.25 million yuan [2][3]. - In the third quarter (July to September), the company projects a net profit attributable to shareholders between 200.05 million and 245.05 million yuan, which is an increase of 159% to 217% compared to 77.21 million yuan in the same quarter last year [2][3]. Group 2: Operational Strategy - The growth in performance is attributed to Jinli Permanent Magnet's adherence to a prudent and compliant operational approach amidst intensified industry competition, along with proactive market expansion efforts [4]. - The company has enhanced operational efficiency and profitability through technological innovation, organizational optimization, and lean management practices [4]. - Jinli Permanent Magnet has flexibly adjusted its raw material inventory strategy to mitigate risks associated with fluctuations in rare earth material prices, ensuring delivery capabilities and receiving strong recognition from domestic and international clients [4]. Group 3: Product Applications and Market Position - Jinli Permanent Magnet's products are widely used in various sectors, including new energy vehicles, energy-efficient variable frequency air conditioning, wind power generation, robotics, industrial servo motors, 3C products, low-altitude aircraft, and energy-saving elevators [5]. - The company has established long-term stable partnerships with leading enterprises in these fields, contributing to its market position [5]. - For the first three quarters of 2025, non-recurring gains and losses are expected to impact net profit by approximately 90 million yuan, compared to 107.64 million yuan in the same period last year [5].

Core Viewpoint - The stock price of Jinli Permanent Magnet has experienced significant movement, rising by 7.55% as of 9:55 AM today, with a trading volume of 72.42 million shares and a transaction amount of 2.93 billion yuan, indicating strong market interest [1] Financial Performance - The company has released its latest earnings forecast, expecting a net profit of 505 million to 550 million yuan for the first three quarters, representing a year-on-year growth of 157% to 179% [1] Market Activity - According to statistics from Securities Times·Data Treasure, among companies that announced their earnings forecasts today, those with strong stock performance include Guangdong Mingzhu, Guangda Special Materials, and Limin Co., with stock price increases of 9.94%, 5.73%, and 5.66% respectively [1] - Over the past five days, the main funds for Jinli Permanent Magnet have shown a net inflow, totaling 280 million yuan, with a net inflow of 532 million yuan on the previous trading day [1] Margin Trading - As of October 9, the latest margin trading balance for the stock is 1.66 billion yuan, with a financing balance of 1.645 billion yuan. Over the past five days, the financing balance has increased by 184 million yuan, reflecting a growth rate of 12.61% [1]

Summary of JL Mag Rare-Earth Co. Ltd Conference Call Company Overview - **Company**: JL Mag Rare-Earth Co. Ltd - **Ticker**: 6680.HK - **Industry**: Greater China Materials - **Market Cap**: Rmb49,560 million - **Current Stock Price**: HK$26.08 - **Price Target**: HK$28.60, indicating a 10% upside potential Key Financial Highlights - **3Q25 Preliminary Net Profit**: Rmb200-245 million, exceeding estimates of ~Rmb200 million, compared to Rmb77 million in 3Q24 and Rmb144 million in 2Q25 [3][2] - **9M25 Net Profit Expectation**: Rmb505-550 million, representing a year-over-year increase of 157-179% [3][2] - **Recurring Net Profit**: Rmb415-460 million for 9M25, with Rmb181-226 million in 3Q25, up from Rmb128 million in 2Q25 [3][2] - **Non-Recurring Gains**: Approximately Rmb90 million in 9M25, primarily from government subsidies, compared to Rmb108 million in the same period last year [3][2] Growth Drivers - **Earnings Growth Attribution**: - Normalization of exports, typically more profitable - Potential gross profit per ton improvement due to rising rare earth prices - Active inventory management by the company [11][4] Strategic Developments - **New Division**: Establishment of an embodied robot rotor division, with small-batch deliveries of magnets and rotors for embodied robots and products for eVTOL (electric vertical takeoff and landing) in 9M25 [10][2] - **Order Book**: Management indicated ample orders for 4Q25, suggesting strong demand [10][2] Market Conditions and Risks - **Export Controls**: Anticipated tightening of rare earth export controls may benefit JL Mag through market share gains with export permits [10][2] - **Risks to Upside**: - Faster-than-expected commencement of new capacities - Stronger downstream demand than anticipated - Rising rare earth prices [15][16] - **Risks to Downside**: - Weaker-than-expected downstream demand - Reduced dependence on rare earth magnets from China by the US and EU [15][16] Valuation and Financial Metrics - **Earnings Per Share (EPS) Estimates**: - FY 2025: Rmb0.59 - FY 2026: Rmb0.88 - FY 2027: Rmb1.18 [7][2] - **Revenue Projections**: - FY 2025: Rmb9,091 million - FY 2026: Rmb11,884 million - FY 2027: Rmb13,618 million [7][2] - **Price-to-Earnings (P/E) Ratios**: - FY 2025: 40.2 - FY 2026: 27.2 - FY 2027: 20.3 [7][2] Conclusion JL Mag Rare-Earth Co. Ltd is positioned for significant growth in the coming quarters, driven by strong earnings performance, strategic developments in new product lines, and favorable market conditions. However, potential risks related to market demand and regulatory changes should be monitored closely.

Group 1 - The core viewpoint of the news highlights the performance and market position of Jinli Permanent Magnet, which saw a 5.04% increase in stock price, reaching 41.48 CNY per share, with a trading volume of 2.861 billion CNY and a market capitalization of 56.764 billion CNY [1] - Jinli Permanent Magnet, established on August 19, 2008, specializes in the research, production, and sales of high-performance neodymium-iron-boron permanent magnet materials, magnetic components, and the recycling of rare earth permanent magnet materials. The main revenue composition is 91.98% from neodymium-iron-boron magnets and 8.02% from other sources [1] Group 2 - The Qianhai Kaiyuan Fund has a significant position in Jinli Permanent Magnet, with its fund, Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A (003304), increasing its holdings by 56,000 shares to a total of 2.6809 million shares, representing 8.36% of the fund's net value, making it the second-largest holding [2] - The Qianhai Kaiyuan Hong Kong-Shenzhen Core Resource Mixed A fund has achieved a year-to-date return of 87.95%, ranking 160 out of 8166 in its category, and a one-year return of 90.79%, ranking 149 out of 8014 [2]

金力永磁（300748）(06680)盈喜后涨超3%，截至发稿，涨1.3%，报26.32港元，成交额7783.25万港 元。 消息面上，10月9日，金力永磁发布公告，该集团预计2025年前三季度(2025年1月-9月)归属于上市公司 股东的净利润5.05亿元-5.5亿元人民币，同比增加157%-179%；第三季度归属于上市公司股东的净利润2 亿元-2.45亿元人民币，同比增加159-217%。 2025年前三季度，在行业竞争持续加剧的背景下，公司管理层坚持稳健、合规的经营方针，积极拓展市 场，通过技术创新、组织优化及精益管理，不断提升运营效率与盈利能力。此外，公司通过灵活调整原 材料库存策略等措施，积极应对稀土原材料价格波动风险，保障交付能力获得国内外客户的充分肯定， 进一步巩固了经营的稳定性、可持续性。截至目前，公司第四季度在手订单充足。 ...

2025年前三季度，在行业竞争持续加剧的背景下，公司管理层坚持稳健、合规的经营方针，积极拓展市 场，通过技术创新、组织优化及精益管理，不断提升运营效率与盈利能力。此外，公司通过灵活调整原 材料库存策略等措施，积极应对稀土原材料价格波动风险，保障交付能力获得国内外客户的充分肯定， 进一步巩固了经营的稳定性、可持续性。截至目前，公司第四季度在手订单充足。 智通财经APP获悉，金力永磁(06680)盈喜后涨超3%，截至发稿，涨1.3%，报26.32港元，成交额7783.25 万港元。 消息面上，10月9日，金力永磁发布公告，该集团预计2025年前三季度(2025年1月-9月)归属于上市公司 股东的净利润5.05亿元-5.5亿元人民币，同比增加157%-179%；第三季度归属于上市公司股东的净利润2 亿元-2.45亿元人民币，同比增加159-217%。 （原标题：港股异动 | 金力永磁(06680)盈喜后涨超3% 预期前三季度归母净利润同比增加157%-179%） ...