Core Viewpoint - Jinli Permanent Magnet (金力永磁) shares rose over 10%, currently up 9.69% at HKD 20.72, with a trading volume of HKD 411 million, following the news that it and two other rare earth permanent magnet companies have obtained general export licenses [1] Group 1: Company Impact - Jinli Permanent Magnet and two other rare earth permanent magnet companies have received general export licenses, which is expected to simplify their export processes and accelerate delivery times [1] - The application of general licenses is anticipated to benefit the downstream demand recovery in the rare earth permanent magnet industry [1] Group 2: Industry Context - The Chinese government is conducting rare earth export control in accordance with laws and regulations, ensuring timely approval for compliant export applications intended for civilian use [1] - The government is actively utilizing general licenses and other facilitation measures to promote compliant trade of dual-use items, thereby maintaining the stability of global supply chains [1]

Core Viewpoint - In October, China's exports of rare earth magnets to the U.S. surged by 56% month-on-month, coupled with a relaxation of export controls in November, leading to accelerated global inventory replenishment. The leading company in rare earth permanent magnets, Jinli Permanent Magnet (300748.SZ), is positioned as a key beneficiary of these developments [1]. Group 1: Export Performance - In the first three quarters, Jinli Permanent Magnet's export revenue to the U.S. reached 354 million yuan, marking a year-on-year increase of 43.92% [1]. - The company's production base in Mexico continues to ramp up supply of magnetic components for Tesla [1]. Group 2: Market Demand and Orders - Following the policy relaxation in November, customers in Europe and Southeast Asia are actively replenishing their inventories, with the company's order schedule extending to the second quarter of 2026 [1]. - The utilization rate of the company's 40,000-ton capacity at its Baotou factory remains high [1]. Group 3: Competitive Position - The company maintains a strong market share in key sectors such as new energy vehicles and wind power, supported by deep partnerships with the world's top ten new energy vehicle manufacturers and four major wind turbine manufacturers [1]. - Cost advantages derived from crystal boundary penetration technology further bolster the company's competitive position [1].

第 1 頁 共 10 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 1,372,131,923 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 300748 | 說明 | | 於深圳證券交易所上市 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,144,491,123 | RMB | | 1 RMB | | 1,144,491,123 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,144,491,123 | RMB | | 1 RMB | | 1,144,491,123 | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- ...

本月底法定/註冊股本總額： RMB 1,372,131,923 第 1 頁 共 10 頁 v 1.1.1 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 300748 | 說明 | | 於深圳證券交易所上市 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,144,491,123 | RMB | | 1 RMB | | 1,144,491,123 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,144,491,123 | RMB | | 1 RMB | | 1,144,491,123 | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- ...

Group 1 - A serious fire incident occurred in Hong Kong's Tai Po Wang Fuk Court, classified as a level five fire, prompting significant concern and attention for rescue efforts [1] - Jiangxi Jinli Permanent Magnet Technology Co., Ltd. donated 1 million Hong Kong dollars to support emergency rescue, temporary housing, and post-disaster recovery for affected residents [2] - The company expressed sincere condolences to the affected families and communities, and paid high respect to the firefighters and rescue personnel involved in the disaster relief efforts [2]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 5.373 billion CNY, a year-on-year increase of 7.16% [3] - Main business revenue reached 4.899 billion CNY, growing by 12.59% year-on-year [3] - Net profit attributable to shareholders was 515 million CNY, up 161.81% year-on-year, while adjusted net profit was approximately 550 million CNY after excluding stock incentive costs [3] Group 2: Export Performance - The company recorded overseas sales revenue of 942 million CNY, accounting for 17.54% of total revenue, remaining stable compared to the previous year [4] - Sales revenue to the United States was 354 million CNY, representing 6.58% of total revenue, with a year-on-year growth of 43.92% [4] Group 3: Production Capacity and Revenue Structure - The company reported a sales revenue of 2.615 billion CNY from the new energy and automotive parts sector, with a sales volume increase of 23.46% year-on-year [5] - Sales revenue from energy-efficient variable frequency air conditioning reached 1.446 billion CNY, with a sales volume increase of 18.48% year-on-year [5] Group 4: Business Development and Future Plans - The company established a division for embodied robot motor rotors and set up a research and development center in Hong Kong, with small batch deliveries in the first three quarters of 2025 [6] - The company aims to achieve an annual production capacity of 40,000 tons of high-performance rare earth permanent magnet materials by 2025, with plans to expand to 60,000 tons by 2027 [7] Group 5: Rare Earth Recycling Business - The company holds a 51% stake in Yinhai New Materials, which focuses on recycling rare earth materials, and has received approval for a project to utilize 5,000 tons of rare earth waste annually [9]

Core Viewpoint - Jinli Permanent Magnet's stock price has shown significant volatility, with a year-to-date increase of 93.73%, but recent declines in the short term indicate potential market fluctuations [1][2]. Financial Performance - For the period from January to September 2025, Jinli Permanent Magnet achieved a revenue of 5.373 billion yuan, representing a year-on-year growth of 7.16% [2]. - The net profit attributable to shareholders for the same period was 515 million yuan, marking a substantial increase of 161.81% year-on-year [2]. Stock Market Activity - As of November 27, Jinli Permanent Magnet's stock was trading at 34.06 yuan per share, with a market capitalization of 46.853 billion yuan [1]. - The stock has experienced a net inflow of 4.2323 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 134,000, a rise of 35.31% compared to the previous period [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and E Fund's ChiNext ETF, with notable changes in their holdings [3]. Dividend Distribution - Since its A-share listing, Jinli Permanent Magnet has distributed a total of 1.471 billion yuan in dividends, with 1.084 billion yuan distributed over the past three years [3].

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【11月26日金力永磁披露投资份额及关联持股情况】11月26日，金力永磁在互动平台透露，其全资子公 司金力永磁投资有限公司持有中小企业发展基金（成都）交子创业投资合伙企业（有限合伙）1%投资 份额。公开信息显示，该基金目前持有沐曦集成电路（上海）股份有限公司0.71%的股份。 ...

Core Viewpoint - Jinli Permanent Magnet's stock price has shown significant growth this year, with a year-to-date increase of 95.89%, despite recent fluctuations in trading performance [1][2]. Financial Performance - For the period from January to September 2025, Jinli Permanent Magnet achieved a revenue of 5.373 billion yuan, representing a year-on-year growth of 7.16% [2]. - The net profit attributable to shareholders for the same period was 515 million yuan, marking a substantial year-on-year increase of 161.81% [2]. Stock Market Activity - As of November 25, the stock price was 34.44 yuan per share, with a market capitalization of 47.375 billion yuan [1]. - The stock has experienced a slight decline of 0.23% over the last five trading days and a more significant drop of 11.62% over the past 20 days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 134,000, a rise of 35.31% compared to the previous period [2][3]. - The top circulating shareholder, Hong Kong Central Clearing Limited, holds 47.706 million shares, an increase of 41.4024 million shares from the previous period [3]. Dividend Distribution - Since its A-share listing, Jinli Permanent Magnet has distributed a total of 1.471 billion yuan in dividends, with 1.084 billion yuan distributed over the last three years [3]. Business Overview - Jinli Permanent Magnet, established on August 19, 2008, specializes in the research, production, and sales of high-performance neodymium-iron-boron permanent magnet materials and related components [1]. - The company's main revenue source comes from neodymium-iron-boron magnets, accounting for 91.98% of total revenue, with other products contributing 8.02% [1]. Industry Classification - Jinli Permanent Magnet is classified under the non-ferrous metals sector, specifically in the new metal materials and magnetic materials category [1]. - The company is associated with various concept sectors, including humanoid robots, automotive components, and robotics [1].

Group 1 - The core viewpoint of the article highlights that Jinli Permanent Magnet (6680.HK) experienced a significant decline in stock price, dropping 7.44% to 17.3 HKD, marking a nearly five-month low since June 27 [1] - Allianz SE reduced its stake in Jinli Permanent Magnet by selling 521,600 shares at an average price of 19.9222 HKD per share, amounting to approximately 10.39 million HKD [1] - Following the sale, Allianz SE's total shareholding decreased to 18.45 million shares, with its ownership percentage falling from 8.02% to 7.86% [1]