Zheng Quan Shi Bao·2025-10-20 17:21Core Insights - Jinli Permanent Magnet reported a net profit increase of 161.81% year-on-year for the third quarter, with a steady rise in gross margin [1] - The company achieved a revenue of 5.373 billion yuan, a 7.16% increase year-on-year, and a net profit of 515 million yuan, reflecting strong operational performance [1] - The gross margin for the first three quarters of 2025 was 19.49%, up 9.46 percentage points from the previous year, indicating improved profitability [1] Financial Performance - Revenue for the third quarter reached 5.373 billion yuan, marking a 7.16% year-on-year growth [1] - Net profit for the same period was 515 million yuan, showing a significant increase of 161.81% year-on-year [1] - The company's net profit growth outpaced revenue growth, with a non-recurring net profit of 430 million yuan, up 381.94% year-on-year [1] Market and Industry Trends - The company operates in the high-performance rare earth permanent magnet materials sector, focusing on the research, production, and sales of neodymium-iron-boron magnetic steel [1] - The prices of rare earth materials have started to recover since the fourth quarter of 2024, driven by a tightening supply in the upstream market [1] - Jinli Permanent Magnet has implemented flexible inventory strategies to mitigate risks associated with rising raw material prices, ensuring stable delivery capabilities [2] Product Applications and Sales - The company's products are widely used in various sectors, including new energy vehicles, energy-efficient variable frequency air conditioners, wind power generation, robotics, and industrial servo motors [3] - In the new energy vehicle sector, sales revenue reached 2.615 billion yuan, with a year-on-year sales volume increase of 23.46% [3] - The energy-efficient variable frequency air conditioner sector generated 1.446 billion yuan in sales revenue, with a year-on-year sales volume increase of 18.48% [3] Future Outlook - The company has a strong order backlog for the fourth quarter, indicating continued demand and growth potential [3] - Jinli Permanent Magnet's stock price has increased by 125% this year, with a current market capitalization exceeding 55 billion yuan [3]