HKG:6680

Nomura Adjusts JL Mag Rare-Earth's Price Target to HK$26 From HK$27, Keeps at Buy

JL Mag Rare-Earth's H1 Profit Surges 52%

JL Mag Rare-Earth (HKG:6680, SHE:300748) reported an attributable net profit of 462.2 million yuan for the first half, up 52% from 305 million yuan a year earlier.Earnings per share stood at 0.33 yuan, compared with 0.22 yuan in the year-ago period, according to a Thursday filing with the Hong Kong Exchange.Revenue increased 33% year over year to 4.65 billion yuan for the six months ended June 30 from 3.51 billion yuan.

JL Mag Rare-Earth Terminates AU$7 Million Hastings Equity Subscription

JL Mag Rare-Earth (HKG:6680, SHE:300748) terminated plans to subscribe for shares in Australian rare-earth company Hastings Technology Metals (ASX:HAS) after conditions precedent to the deal were not fulfilled.The subscription involved 19.7 million Hastings shares at AU$0.36 each, for a total consideration of about AU$7.1 million, according to an Aug. 7 filing with the Hong Kong bourse.JL Mag said it had not made any payment to Hastings and the subscription terms had not taken effect.The termination is not expected to have a material impact on the company's operations, it said.

JL Mag Rare-Earth Forecasts Up to 85% Surge in Q2 Profit

JL Mag Rare-Earth (HKG:6680, SHE:300748) expects an attributable profit of 207.2 million yuan to 267.2 million yuan for the second quarter of 2026, up 43% to 85% from 144.4 million yuan a year prior.For the first half of 2026, attributable profit is expected to rise 31% to 51% to between 400 million yuan and 460 million yuan, according to a Wednesday filing.The magnet maker attributed the forecast mainly to a higher revenue and steady operational performance among other factors.

JL Mag Rare-Earth's Q1 2026 Profit Jumps 20%; Shares Down 3%

JL Mag Rare-Earth (HKG:6680, SHE:300748) booked 192.8 million yuan in attributable profit for the first quarter of 2026, up 20% from 160.5 million yuan a year earlier, according to preliminary results announced Wednesday.Shares of the magnet maker fell nearly 3% in morning trade Thursday.Basic earnings per share were 0.14 yuan, compared with 0.12 yuan in the prior year.Revenue rose 16% year on year to 2.04 billion yuan, figures from the preliminary data showed.