Industry Overview - The rare earth industry in China is experiencing a simultaneous increase in both volume and price, with exports reaching 5,493.9 tons in November 2025, a 24.4% year-on-year increase from 4,416 tons in November 2024 [1] - Cumulative exports from January to November 2025 totaled 58,193.1 tons, up 11.7% from 52,105 tons in the same period of 2024 [1] - The average export price for rare earths in November was $0.90 per ton, compared to $0.83 per ton in November of the previous year, indicating a significant increase [1] - Supply-side management measures for rare earth mining and separation have been implemented, ensuring long-term supply stability, while demand is driven by industries such as robotics, low-altitude economy, and military applications [1] Company Profile: Jintian Co., Ltd. - Jintian Co., Ltd. has over 20 years of experience in the magnetic materials business and has recently obtained a general export license for rare earth permanent magnets [2] - The company focuses on non-ferrous metal processing and has developed a diverse product matrix centered on copper and rare earth permanent magnet materials, making it one of the largest producers in China [2] - Jintian's subsidiary, Kedian Magnetics, is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, with an annual production capacity of 9,000 tons for rare earth permanent magnet materials [2] - The company is expanding its international presence through a newly established subsidiary in Germany to enhance its market share [2] Market Dynamics - The Chinese rare earth industry is entering a full-chain control era with the implementation of export controls on rare earth-related technologies [3] - Key companies such as Jintian, Jinli Permanent Magnet, and others have received approval for general export licenses for rare earth permanent magnets [3] - The combination of advanced copper materials and rare earth permanent magnets creates a unique industrial synergy, essential for high-efficiency applications in electric motors, wind power, and low-altitude economy sectors [4] Future Trends - The demand for high-end copper materials and rare earth magnetic materials is expected to grow significantly in emerging sectors such as humanoid robots and AI computing [5] - Jintian has successfully partnered with a leading domestic liquid cooling component manufacturer, indicating its proactive approach to emerging industry needs [5] - The company's comprehensive product structure and complete industrial chain allow it to provide critical material support across various high-tech sectors [6] - Jintian's competitive advantage lies in the deep synergy between advanced copper processing and rare earth permanent magnet materials, enabling efficient fulfillment of diverse customer needs [6]

Core Viewpoint - The Shanghai Composite Index surpassed 4100 points, reaching a ten-year high, driven by strong performances in AI applications, rare earths, commercial aerospace, and oil and gas sectors [1] Group 1: Market Performance - The AI application sector saw significant gains, with companies like Zhejiang Wenlian and Yidian Tianxia hitting the daily limit [1] - The rare earth permanent magnet sector was active, with Antai Technology and Xiamen Tungsten hitting the daily limit [1] - The commercial aerospace concept continued its upward trend, with over ten stocks including Xusheng Group and Guangqi Technology reaching the daily limit [1] - Oil and gas stocks performed well, with Intercontinental Oil and Gas hitting the daily limit [1] Group 2: ETF Performance - The CSI 2000 Enhanced ETF (159552) achieved a seven-day winning streak, with an intraday high of 2.13 yuan, marking a record since its listing [1] - According to data from Galaxy Securities Fund Research Center, as of January 2, the CSI 2000 Enhanced ETF (159552) had a one-year net value growth rate of 64.29%, ranking fifth among 33 similar enhanced index stock ETFs [1] Group 3: Investment Recommendations - CICC noted that the current global macro environment and trends in innovative industries remain favorable for growth styles, although valuations have increased after over a year of gains [1] - By 2026, the A-share market style may become more balanced due to the advancement of capacity reduction [1] - Three main investment themes are suggested: 1) Growth represented by computing power, optical modules, and cloud computing; 2) Growth opportunities from overseas expansion; 3) Cyclical reversal opportunities due to improving supply-demand issues or policy support [1]

Core Viewpoint - The article highlights a shift towards market-driven dynamics in the energy storage battery industry, with significant improvements in the lithium sector and emerging growth opportunities in energy storage due to economic factors [1] Group 1: Lithium Industry - The lithium industry has undergone a three-year adjustment period, leading to a rapid improvement in supply-demand fundamentals, with prices rebounding from a low of 60,000 yuan/ton to over 130,000 yuan/ton [1] - Supply disruptions are noted due to regulatory issues concerning the Yichun lithium mica mine, while demand from power batteries is establishing a solid foundation [1] Group 2: Cobalt Industry - The cobalt industry is significantly impacted by the Democratic Republic of Congo's quota policy, with the quota expected to be only 96,600 tons in 2025, a year-on-year decrease of 56% [1] - Shipping schedule issues may lead to a medium- to long-term shift towards a tight balance in supply and demand, potentially raising cobalt price levels [1] Group 3: Rare Earth Permanent Magnet Sector - The supply side of the rare earth permanent magnet sector is being optimized through the "Rare Earth Management Regulations" and the integration of major groups [1] - The demand for new energy vehicles has increased to 42%, with emerging applications such as energy-saving motors, humanoid robots, and eVTOLs opening up long-term growth opportunities [1] Group 4: Solid-State Battery Industry - The industrialization process of solid-state batteries is accelerating, with expectations to achieve small-scale vehicle installations by around 2027, further driving lithium battery demand [1] Group 5: ETF Performance - The ChiNext New Energy ETF (159387) tracked the Innovation Energy Index (399266), which saw a daily fluctuation of 20%, focusing on high-growth and technologically innovative companies in clean energy, new energy vehicles, and energy storage technologies [1]

Core Viewpoint - The company, Jinli Permanent Magnet, is expected to report a significant increase in net profit for the fiscal year 2025, with projections indicating a growth of 127% to 161% compared to the previous year, driven by technological innovation and market expansion efforts [3]. Financial Performance - The estimated net profit attributable to shareholders is projected to be between 660 million yuan and 760 million yuan, compared to 291.04 million yuan in the same period last year [3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between 580 million yuan and 680 million yuan, a substantial increase of 241% to 300% from 170.25 million yuan in the previous year [3]. Reasons for Performance Change - The company attributes the significant performance change to three main factors: 1. A commitment to technological innovation, leading to record-high product sales and solidifying its position as a leader in the global rare earth permanent magnet industry [3]. 2. An estimated impact of approximately 80 million yuan from non-recurring gains and losses on net profit during the reporting period [2]. 3. Costs related to stock incentive plans and convertible bond issuance amounting to about 110 million yuan, affecting financial expenses [2]. Market Position and Strategy - The company has maintained a robust operational strategy amidst increasing industry competition, focusing on market expansion, organizational optimization, and efficient management of raw material inventory [3]. - Its products are widely used across various sectors, including electric vehicles, energy-efficient air conditioning, wind power generation, robotics, and more, with established long-term partnerships with leading companies in these fields [3].

Group 1 - The market showed a strong performance with the commercial aerospace sector leading the gains, alongside non-ferrous metals, AI, cultural media, and rare earth permanent magnets [1] - As of 10:10 AM, the CSI A500 index rose by 0.7%, with stocks such as Meiyuan Health, Aerospace Electronics, and Liou Co. hitting the daily limit [1] - The Consumer Price Index (CPI) increased by 0.2% month-on-month in December, reversing a 0.1% decline in November, and showed a year-on-year increase of 0.8%. The core CPI, excluding food and energy, rose by 1.2% year-on-year [1] Group 2 - The Producer Price Index (PPI) saw a month-on-month increase, with the growth rate expanding by 0.1 percentage points compared to November, while the year-on-year decline narrowed by 0.3 percentage points [1] - The recovery in CPI and PPI data supports the trend of economic stabilization in China, providing a fundamental basis for the capital market [1] - CICC forecasts that the A-share market will continue its upward trend into 2026, with the importance of fundamentals increasing after a period of valuation correction [1] Group 3 - The CSI A500 index consists of 500 stocks with large market capitalization and good liquidity, focusing on leading companies across various industries while balancing market representation and industry diversity [2] - The index has a high proportion of emerging industries such as information technology, achieving a dual drive of "core assets" and "new productive forces" [2]

人民财讯1月9日电，稀土永磁板块震荡拉升，安泰科技涨停，中科磁业、金力永磁、厦门钨业、九菱科 技、中稀有色等跟涨。 ...

南方财经1月9日电，稀土永磁板块异动走高，安泰科技涨停，中科磁业、惠同新材、银河磁体、金力永 磁、中科三环等纷纷走高。 ...

Core Viewpoint - The company, Jinli Permanent Magnet (金力永磁), expects to achieve a net profit attributable to shareholders of RMB 660 million to RMB 760 million for the fiscal year ending December 31, 2025, representing a year-on-year growth of 127% to 161% [1] Group 1: Financial Performance - The anticipated net profit for 2025 is between RMB 660 million and RMB 760 million, indicating significant growth compared to the previous year [1] - Non-recurring gains and losses are expected to impact net profit by approximately RMB 80 million [1] Group 2: Business Strategy and Operations - The company emphasizes that "technological innovation is the lifeblood of the enterprise" and plans to increase investment in R&D to drive development [1] - The company achieved record high production and sales volumes, reinforcing its leading position in the global rare earth permanent magnet industry [1] - In response to intensified industry competition, the management adheres to a prudent and compliant operational approach while actively expanding the market [1] Group 3: Product Applications and Partnerships - The company's products are widely used in various sectors, including new energy vehicles, energy-efficient variable frequency air conditioners, wind power generation, robotics, industrial servo motors, 3C, low-altitude aircraft, and energy-saving elevators [1] - The company has established long-term stable partnerships with leading enterprises in various fields [1] - Small batch deliveries of products related to robotic motor rotors and low-altitude aircraft have already been made during the reporting period [1] Group 4: Financial Costs - The company incurred approximately RMB 110 million in expenses related to A-share and H-share equity incentives and H-share convertible bond issuance, which includes share-based payment and financial costs [1]

Group 1 - The company expects a net profit attributable to shareholders of RMB 660 million to RMB 760 million for the year ending December 31, 2025, representing a year-on-year growth of 127% to 161% [1] - The company emphasizes that "technological innovation is the lifeblood of the enterprise" and plans to increase investment in R&D to drive development [1] - The company achieved record high product output and sales, further solidifying its position as a leader in the global rare earth permanent magnet industry [1] Group 2 - In response to increasing industry competition, the management adheres to a prudent and compliant operational approach while actively expanding the market [1] - The company has established long-term stable partnerships with leading enterprises in various fields, including new energy vehicles, energy-efficient air conditioning, wind power generation, and robotics [1] - The company has begun small-scale deliveries of products in the fields of robotic motor rotors and low-altitude aircraft [1] Group 3 - The estimated impact of non-recurring gains and losses on net profit is approximately RMB 80 million [1] - Due to A-share and H-share equity incentives and the issuance of H-share convertible bonds, related share-based payment expenses and financial costs total approximately RMB 110 million [1]

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 （在中華人民共和國註冊成立的股份有限公司） （股份代碼：06680） 2025年年度業績預告 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12月31日止十二個月（「本報告期」）的主要財務數 據為本公司財務部門初步測算的結果，未經審計機構審計，最終數據以本公司 2025年年度報告中披露的數據為準，提請投資者注意投資風險。 1 二、與會計師事務所溝通情況 本次業績預告相關數據未經會計師事務所審計，本公司已就業績預告有關事 項與年報審計會計師事務所進行了預溝通，本公司與會計師事務所在 ...