JLMAG(SZ:300748)2024-05-15 14:48Financial Performance - In Q1 2024, the company achieved a revenue of 1.536 billion CNY, a decrease of 6.93% compared to the same period last year [2] - The company is facing challenges due to declining rare earth material prices and intensified industry competition [2] Production Capacity and Utilization - The production capacity utilization rate exceeded 90% in Q1 2024 [3] - New capacity projects, including a 3,000 tons/year high-end magnetic material base in Ningbo, are under construction, with a total planned capacity of 40,000 tons by 2025 [3] Market Demand and Clientele - Orders and demand from major clients in the new energy vehicle and automotive parts sectors remain stable [2] - The company's products are utilized by five of the top ten global wind turbine manufacturers and all top ten global electric vehicle manufacturers for drive motors [3] Competitive Advantages - The company has established long-term strategic partnerships with major rare earth suppliers [3] - It possesses strong product delivery capabilities and a mature management team that actively optimizes business layout [3] - The company is recognized for its leading ESG initiatives, supporting carbon neutrality [3] Project Developments - The company is progressing with a new project in Mexico, aiming for an annual production capacity of 1 million magnetic component sets [3]