JL MAG Rare-Earth (06680.HK): Expected Net Profit Growth of 31% to 51% for First Half

NewTimeSpace News: On July 1, 2026, JL MAG Rare-Earth (06680.HK) published its 2026 half-year performance forecast. Based on preliminary calculations by the finance department, the company estimates its net profit attributable to parent company shareholders for the first half of 2026 to fall between RMB 400 million and RMB 460 million, rising 31.17% to 50.84% year-on-year. Its non-recurring items-adjusted net profit is projected at RMB 368 million to RMB 428 million, up 57.26% to 82.90% year-on-year. The second-quarter attributable net profit is expected to reach RMB 207 million to RMB 267 million, a year-on-year growth of 43.48% to 85.02%.

The company stated that the profit growth is mainly driven by its continuously consolidated leading position in the new energy, energy conservation and environmental protection sectors, with total operating revenue anticipated to grow roughly 30% year-on-year. Revenue from new energy vehicles and auto components increased by around 30% year-on-year; revenue generated from robots and industrial servo motors surged approximately 90% year-on-year, with small-batch deliveries of motor rotor products for embodied robots already underway.

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