Ge Long Hui A P P·2025-08-21 06:51Core Viewpoint - The report from Guosheng Securities indicates that Jinli Permanent Magnet's net profit attributable to shareholders for the first half of the year reached 300 million yuan, representing a year-on-year increase of 155%, with a net profit margin of 8.7% [1] Financial Performance - The actual performance of the company was at the lower end of the forecast range [1] - The gross profit is expected to show steady growth in Q2 2025, with manageable disruptions from export controls [1] Market Dynamics - Since July, the prices of praseodymium and neodymium metals have been on a rapid upward trend, reaching 770,000 yuan per ton as of August 19 [1] - The company is anticipated to fully benefit from the price increase cycle due to completed inventory reconstruction [1] Business Expansion - The magnetic materials business is steadily ramping up production and expanding, with plans to extend into the robotics sector, which is expected to create new growth opportunities [1] Profit Forecast - Due to the strong performance of rare earth prices, the profit forecast for the company has been revised upward, with expected net profits of 720 million, 890 million, and 1.13 billion yuan for 2025, 2026, and 2027 respectively, corresponding to PE ratios of 55, 45, and 35 times [1]