JL Mag Rare-Earth Co Ltd Class A
300748: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CNY 6.60 | Ldcxx | Dknzhfw |
Prominent High-Performance REPM Leader JL Mag Riding on Vehicle Electrification Trend
Business Strategy and Outlook
JL Mag Rare-Earth is the world’s largest producer of high-performance rare earth permanent magnets, or REPMs, according to Frost & Sullivan. The company started producing high-performance NdFeB PMs used for wind turbines in 2010; for energy-saving variable-frequency air-conditioners, or VFACs, in 2011; and for new energy vehicles, or NEVs, in 2012. Its major customers included all of the top 10 players in the global NEV sector by sales volume, four of the top five players in the global wind power sector by newly added installed capacity, and the top two household air-conditioner producers by production volume in China.