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: Results Largely in Line; Stable Rare Earth Prices Support Margin Outlook

Vincent Sun

Oct 28, 2026

JL Mag’s third-quarter revenue grew 56% year on year despite lackluster downstream electric vehicle sales. Gross margin was down 4 percentage points from a year ago but remained stable sequentially.

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JL Mag Rare-Earth Co Ltd Class A

JL Mag Earnings: Results Largely in Line; Stable Rare Earth Prices Support Margin Outlook

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