Core Viewpoint - Tianhe Magnetic Materials (603072.SH) is planning a significant investment in a high-performance rare earth permanent magnet project, with a total investment of approximately 850 million yuan, in response to the increasing demand for high-performance materials and the new export control situation in the rare earth industry [2][3]. Investment Plans - The project will be constructed in two phases, with the first phase requiring an investment of 210 million yuan, focusing on the necessary facilities and equipment for high-performance rare earth permanent magnets [3]. - The project site covers approximately 67 acres and is expected to take 18 months to complete, from March 2026 to August 2027 [3]. - The project aligns with national industrial policies and aims to enhance the company's market competitiveness and overall profitability [3]. Financial Performance - Despite the planned expansion, Tianhe Magnetic's performance has been underwhelming compared to peers, with a notable decline in production and sales in the first half of the year [2][10]. - The company reported a revenue of 940 million yuan and a net profit of 53.45 million yuan for the first half of 2025, reflecting a year-on-year decline of 25.80% and 18.48%, respectively [10][14]. - The company's cash flow remains stable, with 682 million yuan in cash and a debt ratio of 35.43% as of June 30, 2025 [5]. Market Context - The rare earth industry is experiencing increased demand due to new applications such as humanoid robots, which are expected to drive future growth in the sector [10][13]. - The company has faced challenges due to export control policies, which have impacted its international sales, but it is actively working to regain market share [13][14]. - The overall market for rare earth permanent magnets is anticipated to improve, driven by domestic and international demand [2][10].

Core Viewpoint - Baotou Tianhe Magnetic Materials Technology Co., Ltd. is actively responding to national policies by planning to invest 850 million yuan in a high-performance rare earth permanent magnet and component manufacturing and R&D project, which will be executed in two phases [1] Group 1 - The subsidiary Tianhe New Materials plans to invest 210 million yuan in the first phase of the project [1] - A related meeting on October 9 approved the subsidiary's external investment proposal [1] - Tianhe New Materials has signed an investment agreement for the first phase of the project with the Baotou Rare Earth High-tech Zone Management Committee [1]

Group 1 - The company has announced that part of its fundraising account has been frozen due to a property preservation application related to a construction contract dispute with Shanxi Erjian Group Co., Ltd [1][2] - The amount frozen is 7.1236 million yuan, which accounts for 0.35% of the company's latest audited net assets, indicating that the impact on the company's operations and fundraising projects is minimal [2][3] Group 2 - The company's wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd., has signed an investment agreement with the Baotou Rare Earth High-tech Industrial Development Zone Management Committee for a high-performance rare earth permanent magnet and component manufacturing and R&D project [4][6] - The total investment for the project is estimated at 85 million yuan, with the first phase requiring an investment of 21 million yuan, and the project is expected to be completed within 18 months [6][8] - The project aligns with national industrial policies and is expected to enhance the company's business scale and overall profitability, contributing positively to its long-term strategic goals [10]

Core Viewpoint - Tianhe Magnetic Materials (603072) announced plans to invest approximately 850 million yuan in a high-performance rare earth permanent magnet and component manufacturing and R&D project in Baotou City, which is expected to enhance the company's business scale and overall profitability [1] Investment Details - The project will be constructed in two phases, with the first phase requiring an investment of 210 million yuan. The second phase will commence based on market conditions after the first phase reaches production capacity [1] - The investment will be funded through the company's own and/or self-raised funds, and it does not constitute a related party transaction or a major asset restructuring as per the regulations [1] Strategic Implications - Upon completion, the project is anticipated to strengthen the company's market competitiveness and risk resistance, aligning with its long-term planning and strategic layout [1] - The company stated that this investment will not significantly impact its current production and operations, nor will it harm the interests of the listed company and its shareholders [1]

Core Viewpoint - The company is investing 850 million yuan in a high-performance rare earth permanent magnet project in Baotou, which aligns with national policies to develop rare earth bases and aims to enhance production capacity and profitability [1][2]. Group 1: Investment Agreement - The company’s wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd., signed an investment agreement with the Baotou High-tech Industrial Development Zone Management Committee [1]. - The total investment for the project is expected to be 850 million yuan, with the first phase requiring 210 million yuan [1]. - The project will be completed in two phases, with the first phase scheduled to be operational by March 2026 and the second phase contingent on market conditions [1]. Group 2: Project Details - The project will involve the construction of facilities for high-performance rare earth permanent magnets, including manufacturing plants, supporting infrastructure, and a research and development center [1]. - The construction area for the project is approximately 67 acres, with land provided by the management committee based on the project scale [1]. Group 3: Company Background - The company specializes in the research, production, and sales of high-performance rare earth permanent magnet materials, primarily sintered NdFeB magnets [2]. - The company has established a wholly-owned subsidiary, Baotou Tianhe, with a registered capital of 10 million yuan, to enhance its operational capabilities [2]. - In June, the company increased the capital of Baotou Tianhe by 90 million yuan to strengthen its financial and operational capacity [2].

Core Viewpoint - Tianhe Magnetic Materials (603072.SH) has signed an investment agreement for a high-performance rare earth permanent magnet project, indicating a strategic move to enhance its industrial layout and expand business scale [1] Group 1: Project Details - The project is to be developed by Tianhe's wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd., in collaboration with the Baotou Rare Earth High-tech Industrial Development Zone Management Committee [1] - The total investment for the project is estimated at 850 million yuan, with the first phase requiring an investment of 210 million yuan [1] - The project will involve the construction of facilities necessary for the manufacturing and research of high-performance rare earth permanent magnets and components, including a research and development center [1] Group 2: Timeline and Impact - The construction period for the project is set at 18 months [1] - Upon completion and production, the project is expected to significantly contribute to the expansion of the company's business scale [1]

Core Insights - Tianhe Magnetic Materials experienced a 5.15% decline in stock price on October 14, with a trading volume of 487 million yuan [1] - The company reported a total revenue of 940 million yuan for the first half of 2025, representing a year-on-year decrease of 25.80% [2] Financing and Trading Activity - On October 14, Tianhe Magnetic Materials had a financing buy-in amount of 47.11 million yuan and a net financing purchase of 7.71 million yuan [1] - The total financing and securities lending balance as of October 14 was 225 million yuan, accounting for 6.65% of the circulating market value [1] - The company had no shares repaid in securities lending on October 14, with a total of 400 shares sold, amounting to 20,400 yuan [1] Company Overview - Tianhe Magnetic Materials, established on May 22, 2008, is located in Baotou, Inner Mongolia, and specializes in the research, production, and sales of high-performance rare earth permanent magnetic materials [1] - The main revenue sources include sintered neodymium iron boron (46.99%), sintered samarium cobalt (0.51%), and other products [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders was 55,000, a decrease of 1.89% from the previous period [2] - The top three circulating shareholders include Southern CSI 1000 ETF, Huaxia CSI 1000 ETF, and Harvest CSI Rare Earth Industry ETF, all of which are new shareholders [3]

Group 1 - The core point of the news is the performance and market position of YSST, which saw a 5.09% increase in stock price, reaching 86.44 CNY per share, with a total market capitalization of 10.02 billion CNY [1] - YSST is located in Baotou, Inner Mongolia, and specializes in the research, production, and sales of rare earth permanent magnet materials, with its main business revenue composition being 50.02% from magnetic component application devices, 40.23% from single magnetic application devices, and 9.75% from other sources [1] - The trading volume for YSST was 256 million CNY, with a turnover rate of 10.51% [1] Group 2 - Among YSST's top ten circulating shareholders, Huaxia Fund's Huaxia CSI 1000 ETF (159845) entered the list in the second quarter, holding 190,800 shares, which is 0.66% of the circulating shares [2] - The Huaxia CSI 1000 ETF has a total scale of 38.227 billion CNY and has achieved a year-to-date return of 27.78%, ranking 2036 out of 4220 in its category [2] - The fund manager of Huaxia CSI 1000 ETF is Zhao Zongting, who has been in the position for 8 years and 182 days, with the fund's total asset scale reaching 389.148 billion CNY [3]

（ 在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） JL MAG RARE-EARTH CO., LTD. 江 西 金 力 永 磁 科 技 股 份 有 限 公 司 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。 （股 份 代 碼：06680） 2025年前三季度業績預增公告 本 公 告 乃 由 江 西 金 力 永 磁 科 技 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，「本 集 團」）根 據 香 港 法 例 第571章證券及期貨條例第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）及 上 市 規 則 第13.09 條及第13.10B條 而 作 出。 本公告所載本集團截至2025年9月30日 止 ...

Group 1 - The integrated application project for rare earth permanent magnet materials has officially commenced construction in Baotou High-tech Zone, currently in the foundational construction phase [2] - The company is steadily advancing all related work and expanding its technological reserves in the relevant fields to enhance its industrial layout and market competitiveness [2]