JLMAG(SZ:300748)2024-11-12 11:47Group 1: Company Performance - In the first three quarters of 2024, the company achieved a revenue of 5.014 billion yuan, remaining stable compared to the same period last year [2] - The company's production capacity utilization exceeded 90%, with a year-on-year increase of approximately 40% in the production and sales of high-performance magnetic materials [3] - The net profit attributable to shareholders for the first three quarters was 197 million yuan [2] Group 2: Raw Material Supply and Costs - The average price of rare earth materials, specifically metal praseodymium-neodymium, decreased by approximately 28.69% from 666,400 yuan per ton in 2023 to 475,200 yuan per ton in 2024 [2] - The company utilized 1,848 tons of recycled rare earth materials in 2023, accounting for 29.39% of the total rare earth materials used [2] - The company maintains stable long-term relationships with major domestic rare earth suppliers and prioritizes green recycling of rare earth materials [2] Group 3: Profitability and Margins - The gross profit margin for the first three quarters of 2024 was 10.03%, with a third-quarter margin of 12.81%, reflecting a 5.3 percentage point increase from the second quarter [3] - The improvement in profitability is attributed to ongoing R&D investments and the execution of locked-price orders during periods of high raw material prices [3] Group 4: Business Development in Robotics - The company is actively collaborating with well-known clients in the humanoid robot sector, focusing on the development of magnetic components, although the current impact on revenue and profitability is minimal [2]