行业景气度回升 金力永磁前三季度扣非净利润同比增长381.94%

Core Viewpoint - Jiangxi Jinli Permanent Magnet Technology Co., Ltd. reported significant growth in revenue and net profit for the first three quarters of 2025, driven by increased demand for magnetic materials in various industries, particularly in new energy vehicles and energy-efficient air conditioning [1][2]. Financial Performance - The company achieved operating revenue of 5.373 billion yuan, a year-on-year increase of 7.16% [1] - Net profit attributable to shareholders reached 515 million yuan, up 161.81% year-on-year, while the net profit excluding non-recurring items was 430 million yuan, reflecting a growth of 381.94% [1] - In Q3 alone, operating revenue was 1.866 billion yuan, marking a 12.91% increase, with net profit of 210 million yuan, up 172.65%, and a non-recurring net profit of 196 million yuan, which grew by 254.98% [1] Market Demand and Product Performance - The demand for magnetic materials, particularly high-performance neodymium-iron-boron magnets, has been robust across sectors such as new energy vehicles and energy-efficient air conditioning [2] - Sales of products related to new energy vehicles and automotive components increased by 23.46%, while sales in the energy-efficient air conditioning sector rose by 18.48% year-on-year [2] Strategic Developments - The company has established a new division focused on rubber soft magnetic materials, aiming to create a comprehensive ecosystem for research, production, and sales [4][5] - The first phase of an intelligent production line for rubber soft magnets is under construction, with plans to become a major supplier in the industry by 2028 [4] - The integration of various advanced rare earth magnetic technologies has led to significant improvements in the performance and durability of rubber soft magnetic materials [4][5] Industry Positioning - Jinli Permanent Magnet aims to diversify its magnetic material offerings, leveraging the production process of rare earth magnets to promote a green circular economy [5] - The combination of rigid and flexible magnetic materials allows the company to provide comprehensive solutions across different performance levels, enhancing its value proposition to customers [5]