Core Viewpoint - The company, Jinli Permanent Magnet, is actively expanding its presence in the robotics sector through collaborations with international technology firms and strategic investments in key segments of the industry chain, focusing on the development and production of motor rotors for embodied robots [1] Group 1: Company Strategy - The company is collaborating with well-known international technology companies to develop and build production capacity for motor rotors used in embodied robots, with small batch products already delivered [1] - The company is also engaging in direct investments or participating in industry funds to strategically position itself in critical segments of the industry chain, aiming to accelerate industrial synergy and commercialization [1] Group 2: Product Development - Motor rotors are identified as one of the key components for embodied robots, which represents a shift from the traditional magnetic material business that primarily focuses on material delivery [1] - The rotor business is closer to the customer assembly end, with its value depending on processing precision, reliability, consistency, and the ability to deliver at scale, indicating potential for increased product added value and diversification of product structure [1] Group 3: Production Capacity - The company has developed an automated production line for embodied robot rotors based on downstream customer needs, with the scale production and profit contributions expected to gradually reflect the progress of downstream customer mass production [1]

Financial Performance - In 2025, the company achieved total revenue of RMB 7.718 billion, a year-on-year increase of 14.11%, and main business revenue of RMB 7.028 billion, up 19.00% [2] - Net profit attributable to shareholders reached RMB 706 million, a significant increase of 142.44%, while the net profit excluding share-based payment impacts was RMB 804 million, up 173.58% [2] - The comprehensive gross profit margin improved to 21.18%, up 10.05 percentage points from the previous year [2] Production and Sales - The company produced approximately 34,400 tons of magnetic materials in 2025, a year-on-year increase of 17.31%, and sold about 25,300 tons, up 21.25% [3] - The company maintained a leading position in the global market for new energy vehicles, energy-efficient variable frequency air conditioners, and wind power [3] Revenue Breakdown by Application - New Energy Vehicles: Revenue of RMB 3.941 billion, a 30.31% increase, with approximately 6.5 million new energy passenger vehicles sold [4] - Energy-efficient Variable Frequency Air Conditioners: Revenue of RMB 1.917 billion, a 12.66% increase, with around 9,600 units sold [4] - Wind Power: Revenue of RMB 488 million, a 3.57% increase, with an installed capacity of approximately 12 GW [4] - Robotics and Industrial Servos: Revenue of RMB 300 million, a 45.19% increase [4] - Consumer Electronics: Revenue of RMB 226 million, a 3.33% increase [4] Export Performance - The company reported overseas sales revenue of RMB 1.270 billion, a year-on-year increase of 3.92%, with exports to the U.S. reaching RMB 501 million, up 39.80% [9] Dividend Policy - Since its listing in 2018, the company has implemented cash dividends annually, with a cumulative amount exceeding RMB 1.47 billion and a payout ratio over 50% [10] - For 2025, the company plans to distribute a cash dividend of RMB 2.2 per 10 shares, totaling approximately RMB 302 million, with a cash dividend ratio of about 78% [10] Raw Material Supply and Recycling - The company has established a diversified rare earth resource guarantee system, with 72% of its raw material purchases coming from major suppliers [11] - In 2025, the company recycled 3,681 tons of rare earth raw materials, contributing to its supply chain stability [11] Financial Reserves - As of December 31, 2025, the company held cash reserves of RMB 3.357 billion and large deposits totaling RMB 1.432 billion [12]

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Motor Rotor, Permanent Magnet Motor, and Intelligent Device" to Zhuhai Gree Electric Appliances Inc. and Zhuhai Kaibang Motor Manufacturing Co., Ltd., with the announcement number CN110034619B and application date in May 2019 [1] - Zhuhai Gree Electric Appliances Inc., established in 1989, is primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 6,015.73 million RMB. The company has invested in 100 enterprises, participated in 5,000 bidding projects, and holds 5,000 trademark and patent records, along with 908 administrative licenses [1] - Zhuhai Kaibang Motor Manufacturing Co., Ltd., founded in 2003, focuses on other manufacturing sectors, with a registered capital of 82 million RMB. The company has invested in 3 enterprises, participated in 40 bidding projects, and possesses 1,902 patent records, in addition to 30 administrative licenses [1]

Core Viewpoint - The company reported a decline in net profit for Q3 2025 despite a slight increase in revenue, indicating ongoing pressure on its performance, particularly in the carbon fiber segment [1][3]. Financial Performance - For Q3 2025, the company achieved revenue of 7.85 billion, a year-on-year increase of 5.24%, while net profit was 1.45 billion, down 41.05% year-on-year [1]. - For the first three quarters of 2025, total revenue was 19.86 billion, up 4.40% year-on-year, but net profit fell to 4.15 billion, a decrease of 32.55% [1]. - The company’s various segments showed mixed results, with the energy new materials segment growing by 58.95% to 6.52 billion, while the fiber segment declined by 12.54% to 10.03 billion [1]. Product Development and Market Expansion - The company is actively developing new products and entering new markets, including civil aviation, low-altitude economy, and electromagnetic energy storage [2]. - New carbon fiber products, such as T1100 and TZ40S, have been successfully applied in UAVs and other high-end equipment [2]. - The company has launched high-performance prepregs for various applications, including consumer electronics and photovoltaic industries, achieving stable supply status [2]. Investment Rating - The investment rating remains "strongly recommended," with adjusted profit forecasts for 2025-2027, projecting net profits of 6.8 billion, 8.1 billion, and 9.4 billion respectively [3]. - The expected EPS for the same period is 0.82, 0.98, and 1.13, with corresponding PE ratios of 35.4, 29.7, and 25.7 [3].

Core Viewpoint - The stock of Jinli Permanent Magnet (金力永磁) has increased by over 6%, reflecting positive market sentiment driven by recovering procurement demand and limited downward price pressure on praseodymium and neodymium [1] Group 1: Market Dynamics - Huaxi Securities reports that the market procurement demand is recovering, and the downward price space for praseodymium and neodymium is limited [1] - The U.S. government is actively working to rebuild its rare earth industry, but global production of rare earth permanent magnets remains highly concentrated in China [1] - The overall scale of the rare earth industry chain in the U.S. and Western countries is significantly lower than that of China, with incomplete industry 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 trigger market expectations for supply-side tightening [1] Group 3: Company Developments - Jinli Permanent Magnet has upgraded its R&D department to focus on embodied robot motor rotors, which are expected to be a significant growth point for high-performance neodymium-iron-boron magnetic materials [1] - The company has made investments in specialized facilities, equipment, and professional teams to support this new business line, achieving initial scale production capabilities [1] - Small batch product deliveries are expected in the first half of 2025, with the robotics sector anticipated to become a key growth area for the company [1]

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]