Zhi Tong Cai Jing·2025-10-30 05:42Core Viewpoint - Jinli Permanent Magnet (金力永磁) experienced a significant stock price increase of over 9%, currently trading at 24.66 HKD, with a trading volume of 670 million HKD, following a meeting between Chinese President Xi Jinping and US President Trump [1] Company Performance - Jinli Permanent Magnet reported a net profit attributable to shareholders of 515 million CNY for the first three quarters of 2025, marking a year-on-year increase of 161.81% [1] - In the third quarter, the company achieved a net profit of 210 million CNY, reflecting a year-on-year growth of 172.65% and a quarter-on-quarter increase of 45.75%, aligning with performance forecasts [1] - The substantial growth in net profit for the third quarter is attributed to an increase in both the volume and price of magnetic material products [1] Industry Context - Following President Trump's remarks, Asian rare earth stocks saw a decline, with notable drops in companies such as Lynas (down 4.1%), Iluka (down 3.5%), Arafura Rare Earths (down 6.7%), Australian Strategic Materials (down 6.8%), and Northern Minerals (down 13%) [1]