香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 本 公 告 僅 供 參 考，並 非 收 購、購 買 或 認 購 證 券 的 邀 請 或 要 約，亦 非 邀 請 訂 立 協 議進行收購、購買或認購，且不可視為邀請提出收購、購買或認購證券的建議。 本 公 告 並 非 供 於 美 國（包 括 其 領 地 及 屬 土，美 國 任 何 一 個 州 及 哥 倫 比 亞 特 區） 直 接 或 間 接 分 發。本 公 告 及 其 所 載 資 料 並 不 構 成 或 組 成 在 美 國 購 買、認 購 或 出 售 證 券 的 建 議 或 要 約。本 公 告 所 述 的 證 券 並 無 亦 不 會 根 據1933年《美 國 證 券 法》 （經 修 訂）（「證券法」）或 美 國 任 何 州 或 其 他 司 法 權 區 的 證 券 法 登 記。本 公 告 ...

FF305 FF305 B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) 公司名稱： 江西金力永磁科技股份有限公司 呈交日期： 2025年10月28日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) 06680 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | | | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 ...

Core Insights - The company has implemented a flexible inventory management strategy to dynamically adjust its inventory based on market conditions and rare earth price forecasts, which is expected to enhance profit stability and sustainability [1] - The establishment of a rubber soft magnetic division is anticipated to create synergies with existing product lines, improving operational efficiency and profitability while adhering to green circular economy principles [2] - The company maintains a positive outlook on its earnings per share for 2025-2027, with a target price based on a 51 times price-to-earnings ratio for 2026 [3] Group 1: Inventory Management - The company reported a decrease in inventory balance from 30.93 billion yuan in Q2 2025 to 28.5 billion yuan in Q3 2025, indicating a proactive approach to inventory management [1] - The average price of praseodymium-neodymium oxide increased by 27.34% from 450,200 yuan per ton in Q2 2025 to 573,400 yuan per ton in Q3 2025, reflecting the company's ability to navigate price fluctuations [1] Group 2: Rubber Soft Magnetic Business - The company has launched a rubber soft magnetic division and is investing in an intelligent production line, which is expected to complement existing product offerings and enhance customer solutions [2] - The gross margin has improved to 19.49%, a 9.46 percentage point increase year-on-year, driven by steady capacity release and strong sales in the electric vehicle and energy-efficient air conditioning sectors [2] Group 3: Earnings Forecast and Valuation - The projected earnings per share for the company are 0.59 yuan, 0.82 yuan, and 1.02 yuan for the years 2025, 2026, and 2027 respectively [3] - The target price of 41.82 yuan is based on a valuation of 51 times the estimated earnings for 2026, supporting a buy rating for the company's stock [3]

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Insights - The company has implemented a flexible inventory management strategy to respond to fluctuations in rare earth material prices, which has positively impacted profit stability [9]. - The establishment of a rubber soft magnetic division is expected to create synergies and enhance operational efficiency [9]. - The gross profit margin has shown a steady increase, reaching 19.49% in the first three quarters of the year, with expectations for continued stability and potential further improvement [9]. Financial Performance Summary - Revenue projections for 2023A to 2027E are as follows: 6,688 million, 6,763 million, 9,511 million, 13,186 million, and 17,882 million, respectively, with growth rates of -6.7%, 1.1%, 40.6%, 38.6%, and 35.6% [4][11]. - Operating profit is forecasted to increase significantly from 619 million in 2023A to 1,508 million in 2027E, with growth rates of -19.5%, -48.5%, 173.8%, 38.3%, and 24.8% [4][11]. - Net profit attributable to the parent company is expected to rise from 564 million in 2023A to 1,397 million in 2027E, with growth rates of -19.8%, -48.4%, 178.8%, 38.0%, and 24.8% [4][11]. - Earnings per share are projected to grow from 0.41 yuan in 2023A to 1.02 yuan in 2027E [4][11]. Valuation Metrics - The report estimates a reasonable valuation level for the company at a 51x price-to-earnings ratio for 2026, corresponding to a target price of 41.82 yuan [3][5]. - The company's current price-to-earnings ratio is 97.7 for 2023A, decreasing to 39.4 by 2027E [4][11]. - The price-to-book ratio is projected to decline from 7.8 in 2023A to 5.8 in 2027E [4][11].

Core Viewpoint - The stock of Jinli Permanent Magnet has experienced fluctuations, with a year-to-date increase of 122.00% and a recent decline of 2.01% on October 28, 2023, indicating volatility in investor sentiment and market conditions [1]. 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%. The net profit attributable to shareholders reached 515 million yuan, showing a significant increase of 161.81% [2]. - Cumulatively, since its A-share listing, the company has distributed a total of 1.223 billion yuan in dividends, with 837 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Jinli Permanent Magnet increased to 134,000, reflecting a growth of 35.31% compared to the previous period. The average circulating shares per person remained at 0 [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 47.706 million shares, an increase of 41.402 million shares from the previous period. Conversely, E Fund's ChiNext ETF and Southern CSI 500 ETF saw reductions in their holdings [3]. Market Activity - On October 28, 2023, the stock price was reported at 39.43 yuan per share, with a trading volume of 1.468 billion yuan and a turnover rate of 3.24%. The total market capitalization stood at 53.959 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on October 13 [1].

Group 1: Technology Breakthroughs in Inner Mongolia - The "Technology Breakthrough" project during the 14th Five-Year Plan aims to leverage Inner Mongolia's unique resources for high-quality industrial development, focusing on sectors like wind, solar, rare earths, and dairy [2] - Inner Mongolia's new energy industry is experiencing rapid growth, with installed capacity exceeding 143 million kilowatts by May 2025, accounting for 52% of the region's total power capacity [4] - The first million-kilowatt "Shagao Desert" wind-solar base is under construction, expected to deliver approximately 36 billion kilowatt-hours annually to the Beijing-Tianjin-Hebei region, significantly reducing coal consumption and CO2 emissions [4] Group 2: Rare Earth Industry Developments - Inner Mongolia is focusing on developing rare earth industries, particularly in Baotou, where new technologies are being integrated to replace heavy rare earth elements while maintaining product performance [5] - The region is establishing two rare earth bases and enhancing innovation platforms to facilitate technology breakthroughs and market-oriented mechanisms [6] - Baotou's rare earth industry is targeting a production value of 130 billion yuan, with significant advancements in high-performance neodymium-iron-boron production [6] Group 3: Dairy Industry Innovations - The largest probiotic smart factory in Asia has been launched in Inner Mongolia, aiming to achieve technological breakthroughs in the dairy sector [7] - The National Grass Technology Innovation Center is making strides in grass breeding and high-quality forage production, supporting dairy farming [8] - Inner Mongolia has developed a complete ecological system for the dairy industry, from grass cultivation to milk production, ensuring high-quality development [8] Group 4: Hydrogen and Ammonia Fuel Technology - The world's first hydrogen-ammonia dual-fuel gas turbine has been successfully assembled in Inner Mongolia, marking a significant advancement in zero-carbon energy technology [9] - This turbine can switch between hydrogen, ammonia, and natural gas, creating a complete energy production and consumption ecosystem [10] Group 5: Breakthroughs in New Energy Mining Vehicles - The first integrated solar-storage-charging mining vehicle project has been launched, achieving record charging speeds and establishing a green energy ecosystem for mining operations [12] - This project supports the transition from external electricity use to self-generated green energy, enhancing the automation and digitalization of mining operations [12]

Core Insights - The A-share mining and metal materials stocks have seen significant profit increases in the first three quarters, driven by rising product prices and volumes [1] - The Southern China Index's ETF for non-ferrous metals has gained over 80% year-to-date as of October 27 [1] - Several individual non-ferrous metal stocks have experienced over 100% gains year-to-date, with notable performers including Luoyang Luanchuan Molybdenum Group (170.16%) and Zijin Mining Group (112.04%) [1] Company Performance - Four gold mining companies reported both revenue and net profit growth, with Chifeng Jilong Gold Mining achieving a remarkable 86.21% increase in net profit, reaching 2.058 billion yuan [1] - Eight out of ten tungsten, cobalt, lead, and zinc small metal companies reported revenue and net profit growth, with four companies exceeding 1 billion yuan in net profit [2] - Zijin Mining's net profit increased by 55.45% to 37.864 billion yuan, attributed to improved production organization and operational management [2] Market Trends - The overall performance of non-ferrous metal industry listed companies is positive, primarily due to rising prices of certain mineral products, with gold prices increasing over 60% and silver prices over 80% this year [3] - The price of black tungsten concentrate surged from 150,000 yuan/ton in the first half of the year to around 280,000 yuan/ton, marking an increase of over 85% [3] - Long-term prospects for precious metals remain bullish, while basic metals like copper and aluminum are expected to maintain high prices due to tight supply, although demand recovery remains uncertain [3]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research visits in the past 30 days include Rongbai Technology, Xinqianglian, Duofuduo, Hikvision, and Dangsheng Technology [12] - In the last five days, the most researched companies were Xinqianglian, Duofuduo, Baiya Shares, Taotao Vehicle, and Jereh Shares [12] - Among the top twenty companies researched in the past 30 days, 16 had ten or more rating agencies involved [12] Group 2: Major Shareholder Increase in A-Share Companies - From October 20 to October 24, 2025, no A-share companies announced significant shareholder increases [18] - From January 1 to October 24, 2025, a total of 285 companies announced significant shareholder increases, with 76 having ten or more rating agencies [19] - Companies with proposed increase amounts exceeding 1% of the latest market value include Xianhe Shares, Xinjie Energy, Zhongju Gaoxin, and Tunnel Shares [19] Group 3: A-Share Company Buyback Situation - From October 20 to October 24, 2025, 71 companies announced buyback progress, with 19 having ten or more rating agencies [23] - The companies with the highest expected buyback amounts as a percentage of market value include Huafa Shares, Guangzhou Restaurant, Ruoyu Chen, and China Jushi [23] - From January 1 to October 24, 2025, a total of 1,774 companies announced buyback progress, with 347 having ten or more rating agencies [24]

（ 在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股 份 代 碼：06680） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 JL MAG RARE-EARTH CO., LTD. 江 西 金 力 永 磁 科 技 股 份 有 限 公 司 (I)2025年10月27日舉行的2025年第二次臨時股東會的 投 票 表 決 結 果； 及 (II)2025年半年度利潤分配方案 江 西 金 力 永 磁 科 技 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）欣 然 宣 佈 本 公 司 於2025年10月27日（星 期 一）於 中 國 江 西 省 贛 州 市 章 貢 區 金 東 北 路88號贛州錦江 國際酒店會議室舉行2025年 第 二 次 臨 時 股 東 會（「臨時股東會」），而 下 文 所 述 ...

金力永磁（300748）(06680)发布公告，该公司将于2025年12月23日派发中期股息每10股1.8元。 ...