JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JL Mag Earnings: Revenue and Profit Exceed Forecasts; Margin in Line Amid Stable Rare-Earth Prices

Vincent Sun

Aug 21, 2026

JL Mag's second-quarter revenue grew 49% year on year despite lackluster downstream electric vehicle sales. Stable rare earth prices supported a 5-percentage-point increase in gross margin from a year ago, while margins remained stable quarter over quarter.

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JL Mag Rare-Earth Co Ltd Class A

JL Mag Earnings: Revenue and Profit Exceed Forecasts; Margin in Line Amid Stable Rare-Earth Prices

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