JL MAG Expects Net Profit to Rise 42.59%-55.20% in First Three Quarters

JL MAG Rare-Earth Co. has announced its preliminary earnings forecast for the first three quarters of 2026. The company expects net profit attributable to shareholders to range from 735 million to 800 million yuan, compared with 515 million yuan in the same period last year, representing year-on-year growth of 42.59% to 55.20%. Non-GAAP net profit is projected at 659 million to 724 million yuan, up 53.22% to 68.33%.

For the third quarter alone, net profit attributable to shareholders is estimated at 273 million to 338 million yuan, a year-on-year increase of 29.58% to 60.45%. Non-GAAP net profit is expected to be 260 million to 325 million yuan, up 32.83% to 65.97%.

Revenue for the first three quarters grew approximately 40% year-on-year. By segment, revenue from new energy vehicles and auto parts increased about 40%, while revenue from robotics and industrial servo motors surged about 100%. The company also achieved small-batch deliveries of motor rotors for embodied robots.

The small-batch delivery of embodied robot motor rotors marks JL MAG's successful entry into the embodied intelligence supply chain. As the humanoid robot industry accelerates, the company is poised to benefit from sustained growth in this sector.