事件：公司发布2025 年三季报，报告期内公司实现收入19.86 亿元，同比增长4.40%，归母净利润4.15 亿元，同比下降32.55%，扣非归母净利润3.76 亿元，同比下滑32.22%；其中25Q3 实现收入7.85 亿元， 同比增长5.24%，归母净利润1.45 亿元，同比下降41.05%，扣非归母净利润1.30 亿元，同比下降 43.45%，环比增长24.66%。 业绩持续承压，碳梁业务收入同比大幅增长。报告期内，受民用碳纤维价格低迷包头项目折旧摊销较大 及部分装备用碳纤维交付节奏的影响，公司业绩同比有所下滑。2025 年前三季度，公司拓展纤维板块 实现销售收入10.03 亿元，同比下降12.54%；能源新材料板块实现销售收入6.52 亿元， 同比增长 58.95%；通用新材料板块实现销售收入1.81 亿元，同比下降1.94%；复材科技板块实现销售收入0.60 亿 元，同比下降26.34%；精密机械板块实现销售收入0.67 亿元，同比增长4.40%；光晟科技板块实现销售 收入0.15 亿元，同比增长33.00%。 公司持续开发新产品，积极开拓民机、低空经济、电磁储能等新领域。公司新开发干喷湿纺工艺的 ...

金力永磁（300748）(06680)涨超6%，截至发稿，涨6.41%，报22.92港元，成交额4.15亿港元。 此外，金力永磁近期在机构调研时表示，具身机器人是未来高性能钕铁硼磁材及电机转子重要需求增长 点之一。公司将相关研发部门升级为具身机器人电机转子事业部，由公司首席执行官兼任该事业部的战 略统筹工作。目前公司根据客户的需求，已进行了包括项目专用厂房、专用设备及专业团队等多方面的 配套投入，初具一定的规模化量产能力。2025年上半年公司已有小批量产品的交付，机器人领域有望成 为公司未来重要的业务增长点之一。 消息面上，华西证券（002926）近日研报指出，市场采购需求回暖，镨钕价格下行空间有限。美国政府 积极重建本国稀土产业链，但短期看全球稀土永磁体生产仍高度集中于中国，且考虑到海外产能释放仍 需时间且我国新增产能规模，我国仍是全球唯一具备稀土全产业链各类产品生产能力的国家，且美西方 稀土产业链的整体规模远低于我国，其产业链均不完整并存在明显短板。且8月22日发布的《稀土开采 和稀土冶炼分离总量调控管理暂行办法》或引发市场对供给侧收紧的预期。 ...

Core Viewpoint - The market demand for rare earth materials is recovering, and the price of praseodymium and neodymium has limited downward potential, with China remaining the dominant player in the global rare earth supply chain [1] Group 1: Market Dynamics - The recent report from Huaxi Securities indicates a rebound in market procurement demand and limited downward price movement for praseodymium and neodymium [1] - The U.S. government is actively working to rebuild its domestic rare earth supply chain, but global production of rare earth permanent magnets remains highly concentrated in China [1] - The overall scale of the rare earth supply chain in the U.S. and Western countries is significantly lower than that of China, with incomplete supply chains and notable shortcomings [1] Group 2: Regulatory Environment - The interim measures for the total quantity control management of rare earth mining and separation, released on August 22, may lead to market expectations of supply-side tightening [1] Group 3: Company Developments - Jinli Permanent Magnet has upgraded its R&D department to focus on embodied robotics, which is expected to be a significant growth point for high-performance neodymium-iron-boron magnetic materials and motor rotors [1] - The company has made investments in specialized facilities, equipment, and teams to support this new business line, indicating a move towards scalable production capabilities [1] - Small batch product deliveries are expected in the first half of 2025, positioning the robotics sector as a key future growth area for the company [1]

Core Viewpoint - The company, Jinli Permanent Magnet (300748), identifies embodied robots as a significant growth point for high-performance neodymium-iron-boron magnets and motor rotors in the future [1] Group 1: Company Developments - The company has upgraded its R&D department to a dedicated division for embodied robot motor rotors, with the CEO overseeing strategic operations [1] - The company has made substantial investments in project-specific facilities, specialized equipment, and professional teams to support this initiative, achieving a certain level of scalable production capacity [1] - By the first half of 2025, the company plans to deliver small batches of products, positioning the robotics sector as a key future growth area [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 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。 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） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 做 出。 茲載列江西金力永磁科技股份有限公司於深圳證券交易所網站(www.szse.cn)刊 登 的 公 告 如 下，僅 供 參 閱。 证券代码：300748 证券简称：金力永磁 公告编号：2025-054 江西金力永磁科技股份有限公司 2025 年半年度报告摘要 承董事會命 江西金力永磁科技股份有限公司 董事長 蔡報貴 江 西，2025年8月19日 於 本 公 告 日 期，董 事 ...

Group 1 - The article highlights significant announcements in the stock market from Sunday to Thursday, including "suspensions and resumption of trading, shareholding changes, investment wins, acquisitions, performance reports, unlocks, and high transfers" [1] - Important announcements are marked in red to assist investors in identifying investment hotspots and preventing various black swan events, providing ample time for analysis and selection of suitable listed companies [1] Group 2 - A company is involved in the development of embodied robot motor rotors and has made small batch deliveries, while also focusing on the research of magnetic steel for low-altitude flying vehicles [1] - Another company is one of the first in Hong Kong to provide a virtual asset trading system, with a projected net profit increase of over 700% year-on-year in the first half of the year [1] - A military-related company has received approval for multiple complete equipment system export projects, focusing on drones, robotics, and chips [1]

Core Viewpoint - The company, Jinli Permanent Magnet, has successfully navigated the export control measures on medium and heavy rare earth materials by complying with national regulations and obtaining necessary export licenses for regions including the US, Europe, and Southeast Asia [2] Group 1: Export Performance - In Q1 2025, Jinli Permanent Magnet reported export sales revenue of 312 million yuan, accounting for 17.76% of total revenue, with sales to the US reaching 122 million yuan, representing 6.94% of total revenue [2] - The company does not engage in military-related businesses [2] Group 2: Compliance and Regulatory Environment - The Ministry of Commerce spokesperson emphasized China's responsible approach to reviewing export license applications for rare earth materials, ensuring compliance while considering the reasonable needs of other countries in civilian sectors [2] Group 3: Supply Chain and Partnerships - Jinli Permanent Magnet has established long-term strategic partnerships with major rare earth suppliers, including Northern Rare Earth Group and China Rare Earth Group, with purchases from these suppliers accounting for 63% of the company's total annual procurement in 2024 [2] Group 4: Sustainable Practices - The company prioritizes green recycling of rare earth materials, investing in the recycling company Yinhai New Materials, which has passed rigorous audits by SCS Global Services [3] - In 2024, Jinli Permanent Magnet utilized 2,575 tons of recycled rare earth materials, including waste magnet recovery, which constituted 30.4% of the total rare earth materials used [3]

Core Viewpoint - The company reported a decline in revenue and net profit for 2024, indicating challenges in the market due to overcapacity and increased competition in the carbon fiber industry [1][2]. Financial Performance - In 2024, the company achieved revenue of 2.45 billion yuan, a year-on-year decrease of 2.69%, and a net profit attributable to shareholders of 741 million yuan, down 15.12% [1]. - For Q4 2024, revenue was 548 million yuan, a significant decline of 28.96%, with net profit dropping 49.93% to 126 million yuan [1]. Segment Performance - The carbon fiber and fabric segment generated revenue of 1.45 billion yuan, down 12.91% year-on-year, accounting for 59.27% of total revenue [2]. - The T800 grade carbon fiber saw a revenue increase of 64.64% to 472 million yuan, while the T700 grade remained stable due to increased demand for T700 in equipment [2]. - Wind power carbon beam business experienced a recovery with revenue of 537 million yuan, up 25.81% year-on-year [2]. - The prepreg business generated 234 million yuan, down 12.86%, primarily due to intensified competition and price declines [2]. - The composite technology segment achieved revenue of 107 million yuan, up 15.6%, driven by growth in drone-related businesses [2]. - The precision machinery segment saw a significant increase in revenue of 89 million yuan, up 161.20% [2]. New Product Development - The company is actively developing new products and expanding into new fields such as civil aviation, low-altitude economy, and electromagnetic energy storage [4]. - New T1100 and T1100 grade carbon fibers have been developed to meet high-end equipment needs, with successful applications in drones and electric aircraft [4]. - The GW300 carbon fiber and flame-retardant prepreg have been approved for use in large aircraft, marking a significant milestone for the company [4]. - New high-performance prepregs for various applications, including 3C consumer electronics and photovoltaic industries, have been successfully developed and are in stable supply [4]. Production Capacity Expansion - The company successfully passed the equivalence verification for a certain model of carbon fiber production line, ensuring product performance consistency [5]. - The first phase of the 4000-ton high-performance carbon fiber production line in Inner Mongolia was completed and began production in mid-2024 [5].