JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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JL Mag Earnings: Results In-Line; Stable Rare-Earth Prices Pointing to Favorable Margin Outlook

JL Mag’s first-quarter revenue grew 16% year on year despite lackluster downstream electric vehicle sales. Due to a sharp fluctuation in rare-earth prices during the period, gross margin narrowed 3 percentage points sequentially from the prior quarter.

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