JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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JL Mag Earnings: Revenue In Line, but Stronger Margin Led to Profit Beat

JL Mag’s second-quarter revenue declined 4% year over year due to government export control measures on rare earth products. However, amid stable rare earth prices during the period, gross margin gained another 1.4 percentage points sequentially from the prior quarter.

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