JL Mag Rare-Earth Forecasts 42.6%-55.2% Profit Growth, Robotics Revenue Doubles

Shanghai Securities News reported that JL Mag Rare-Earth released its earnings forecast for the first three quarters of 2026 after market close on October 13. The company expects net profit attributable to shareholders of 735 million to 800 million yuan, a year-on-year increase of 42.59% to 55.20%.

After deducting non-recurring gains and losses, net profit is projected at 659 million to 724 million yuan, up 53.22% to 68.33%. This higher growth rate indicates a significant improvement in core profitability. The midpoints of the ranges are approximately 767.5 million yuan and 691.5 million yuan, respectively.

Additionally, revenue from the company's robotics-related business doubled year-on-year, becoming a key driver of growth. As a leading rare-earth permanent magnet materials producer, JL Mag is benefiting from the rapid development of the robotics industry. The forecast underscores the growing contribution of robotics to the company's performance, as industry expansion drives demand for high-performance magnets. The company's strong performance highlights its strategic position in the advanced materials sector.