JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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JL Mag Earnings: Revenue in Line and Profit Beat on Stronger Margin Recovery

JL Mag’s first-quarter revenue grew by 14% year over year to CNY 1.8 billion, due to higher sales volume that offset soft selling prices dampened by a decline in rare earth prices. Gross margin further improved by 1.4 percentage points sequentially from the prior quarter.

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