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JL MAG Rare-Earth Co., Ltd. Class H
(6680)
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Rating:60Neutral
Price Target:
HK$15.50
▼(-10.61% Downside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by solid recent financial performance (improving TTM margins and earnings with manageable current leverage) but held back by historically inconsistent free cash flow. Secondary headwinds are weak technical positioning versus longer-term moving averages and a high P/E multiple, partly offset by a moderate dividend yield.
Positive Factors
Improving Revenue and Margins
Recent top-line growth has been accompanied by stronger profitability, indicating improved operating execution rather than growth without earnings support. If these margins remain resilient, the company can generate more internal funding for research, capacity, and customer development over the next several quarters.
Negative Factors
Cyclical Revenue and Margin Volatility
The multi-year pattern shows that earnings are sensitive to end-market demand or pricing conditions, making recent improvement less predictable than a steady structural expansion. Such cyclicality can cause revenue, margins, and profit to retreat together during weaker industry periods, complicating planning and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Margins
Recent top-line growth has been accompanied by stronger profitability, indicating improved operating execution rather than growth without earnings support. If these margins remain resilient, the company can generate more internal funding for research, capacity, and customer development over the next several quarters.
Read all positive factors
JL MAG Rare-Earth Co., Ltd. Class H (6680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$34.80B
Dividend Yield3.85%
Average Volume (3M)1.61M
Price to Earnings (P/E)33.6
Beta (1Y)1.35
Revenue Growth46.41%
EPS Growth62.90%
CountryHK
Employees7,302
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.68
Shares Outstanding240,330,920
10 Day Avg. Volume2,029,005
30 Day Avg. Volume1,605,089
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)3.01
Price to Sales (P/S)3.03
P/FCF Ratio-217.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.85
Revenue Forecast (FY)HK$12.11B
JL MAG Rare-Earth Co., Ltd. Class H Business Overview & Revenue Model
Company Description
JL Mag Rare-Earth Co., Ltd. specializes in the research, development, manufacturing, and worldwide distribution of high-performance rare earth permanent magnetic materials. The company's primary offering consists of Neodymium Iron Boron (NdFeB) pe...
JL MAG Rare-Earth Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.86B | 7.51B | 6.76B | 6.69B | 8.30B | 4.90B |
| Gross Profit | 2.20B | 1.55B | 752.61M | 1.07B | 1.31B | 1.07B |
| EBITDA | 1.26B | 899.17M | 525.15M | 809.34M | 817.64M | 654.94M |
| Net Income | 946.37M | 687.34M | 291.04M | 563.69M | 702.69M | 453.07M |
Balance Sheet | ||||||
| Total Assets | 17.13B | 15.33B | 12.30B | 11.83B | 12.60B | 7.40B |
| Cash, Cash Equivalents and Short-Term Investments | 3.74B | 4.33B | 2.90B | 4.10B | 4.80B | 1.84B |
| Total Debt | 6.76B | 5.85B | 1.04B | 954.15M | 4.09B | 2.68B |
| Total Liabilities | 9.16B | 7.35B | 5.18B | 4.79B | 4.88B | 3.66B |
| Stockholders Equity | 7.83B | 7.56B | 7.02B | 7.02B | 7.62B | 3.63B |
Cash Flow | ||||||
| Free Cash Flow | 1.79B | -104.50M | -167.16M | 712.19M | -316.13M | -670.49M |
| Operating Cash Flow | 2.13B | 349.66M | 507.95M | 1.52B | 361.21M | 144.04M |
| Investing Cash Flow | -1.05B | -813.76M | -1.69B | -942.05M | -877.77M | -807.81M |
| Financing Cash Flow | -1.43B | 1.59B | 91.57M | -815.63M | 2.83B | 1.47B |
JL MAG Rare-Earth Co., Ltd. Class H Technical Analysis
Negative
17.34
Price Trends
15.41
Negative
16.30
Negative
18.31
Negative
Market Momentum
-0.31
Negative
41.60
Neutral
60.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6680, the sentiment is Negative. The current price of 17.34 is above the 20-day moving average (MA) of 14.57, above the 50-day MA of 15.41, and below the 200-day MA of 18.31, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 41.60 is Neutral, neither overbought nor oversold. The STOCH value of 60.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6680.
JL MAG Rare-Earth Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
HK:6680
JL MAG Rare-Earth Co., Ltd. Class H
14.08
-8.09
-36.50%
HK:0838
Eva Precision Industrial Holdings Limited
0.65
-0.48
-42.67%
HK:0976
Chiho Environmental Group Limited
0.43
0.00
0.00%
JL MAG Rare-Earth Co., Ltd. Class H Corporate Events
JL MAG Rare-Earth Publishes Unaudited Q3 2026 Report Under China Standards
Oct 27, 2026
JL MAG Rare-Earth Co., Ltd., a PRC-incorporated rare-earth materials producer listed in Hong Kong, has released its unaudited third-quarter report for 2026, prepared under China Accounting Standards for Business Enterprises. The company highlights...
JL MAG Rare-Earth Sets Board Meeting to Approve Third-Quarter Results
Oct 14, 2026
JL MAG Rare-Earth Co., Ltd. has scheduled a meeting of its board of directors for 27 October 2026 in Jiangxi, China. At this meeting, the board will consider and approve the unaudited third-quarter results for the nine months ended 30 September 20...
JL MAG Rare-Earth Projects Strong Profit Growth for First Three Quarters of 2026
Oct 13, 2026
JL MAG Rare-Earth Co., Ltd. has issued a preliminary estimate of its financial results for the nine months ended 30 September 2026, indicating a strong year-on-year improvement. Management expects net profit attributable to shareholders to rise to...
JL MAG Rare-Earth Cuts Bond Conversion Price After Interim Dividend
Sep 24, 2026
JL MAG Rare-Earth has approved an interim profit distribution for the six months ended 30 June 2026, paying RMB2.5 for every 10 shares to shareholders. In line with the bond terms, this capital distribution triggers an adjustment to the conversion...
JL MAG Rare-Earth Updates Interim Dividend and Tax Terms for H Shareholders
Sep 24, 2026
JL MAG Rare-Earth Co., Ltd. has updated details of its interim ordinary cash dividend for the six months ended 30 June 2026, confirming a distribution of RMB 2.5 per 10 shares, equivalent to HKD 2.905423 per 10 shares based on an exchange rate of ...
JL MAG Rare-Earth Shareholders Approve Interim Profit Distribution and Capital Use Change
Sep 24, 2026
JL MAG Rare-Earth Co., Ltd. reported that its second extraordinary general meeting of 2026 was duly convened in Ganzhou with proper regulatory oversight and validation of procedures. The meeting saw participation representing about 41.42% of the c...
JL MAG Rare-Earth Steps Up H-Share Buybacks as Board Cites Undervaluation
Sep 24, 2026
JL MAG Rare-Earth Co., Ltd. has repurchased 813,600 H shares on the open market, equal to about 0.06% of its total issued share capital, at an average price of roughly HK$15.66 per share. This latest buyback lifts the cumulative repurchases under ...
JL MAG Rare-Earth Controlling Shareholder Adjusts Share Pledges with CITIC Securities
Sep 21, 2026
JL MAG Rare-Earth Co., Ltd. disclosed that its controlling shareholder Jiangxi Ruide has pledged 20 million shares, representing 5.17% of its holdings and 1.45% of the company’s total share capital, to CITIC Securities for daily operational ...
JL MAG Rare-Earth updates interim dividend and tax arrangements for H shareholders
Sep 8, 2026
JL MAG Rare-Earth Co., Ltd. announced an updated interim cash dividend for the six months ended 30 June 2026, declaring RMB 2.5 per 10 shares for the financial year ending 31 December 2026. The update clarifies key dates for Hong Kong shareholders...
JL MAG Rare-Earth Sets EGM to Approve Interim Dividend and Bond Proceeds Change
Sep 8, 2026
JL MAG Rare-Earth Co., Ltd. has called its second extraordinary general meeting of 2026 for 24 September in Ganzhou, Jiangxi Province, to seek shareholder approval for its interim profit distribution plan and a proposed change in the use of procee...
JL MAG Rare-Earth Publishes Unaudited Interim Results for First Half of 2026
Aug 20, 2026
JL MAG Rare-Earth Co., Ltd. has released its unaudited interim results for the six months ended 30 June 2026, fulfilling its disclosure obligations under Hong Kong listing rules. The interim report details the company’s financial performance...
JL MAG Rare-Earth Declares Interim Cash Dividend for First Half of 2026
Aug 20, 2026
JL MAG Rare-Earth Co., Ltd. has declared an interim ordinary cash dividend of RMB 2.5 per 10 shares for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The payment date for the dividend has been set for 23 Novemb...
JL MAG Rare-Earth to Redirect Bond Proceeds Toward Debt and Raw Materials
Aug 20, 2026
JL MAG Rare-Earth has proposed reallocating U.S.$15 million of unutilized net proceeds from its previously issued H share convertible bonds, shifting funds from planned H share repurchases toward debt repayment and raw material procurement. Of the...
JL MAG Rare-Earth Updates Governance Team and Secures Extended Listing Rules Waiver
Aug 20, 2026
JL MAG Rare-Earth Co., Ltd. announced changes to its corporate governance team, with Ms. Zhang Xiao resigning as joint company secretary, authorized representative, and process agent in Hong Kong, effective 20 August 2026. She is succeeded by Mr. ...
JL MAG Rare-Earth Delays Board Meeting to Review Interim Results
Aug 11, 2026
JL MAG Rare-Earth Co., Ltd., a Hong Kong-listed Chinese rare-earth producer, has postponed its upcoming board meeting by one day due to directors’ scheduling constraints. The meeting, originally set for August 19, 2026, will now take place o...
JL MAG Rare-Earth Drops Planned Stake in Australia’s Hastings Technology Metals
Aug 7, 2026
JL MAG Rare-Earth Co., Ltd. has terminated a planned equity subscription in Australian-listed rare earth producer Hastings Technology Metals Limited after conditions precedent to the deal were not fulfilled. The previously announced transaction wo...
JL MAG Rare-Earth Sets August Board Meeting to Review Interim Results and Dividend
Aug 7, 2026
JL MAG Rare-Earth Co., Ltd. has scheduled a board meeting for August 19, 2026, to review and approve the interim results for the six months ended June 30, 2026, and to decide on the publication of those results. The board will also consider whethe...
JL MAG Rare-Earth Clarifies Board and Committee Structure
Jul 31, 2026
JL MAG Rare-Earth Co., Ltd. has announced the composition of its board of directors, led by chairman Cai Baogui and vice chairman Lyu Feng, along with executive, non-executive and independent non-executive members. The disclosure clarifies governa...
JL MAG Rare-Earth Shareholders Back Governance and Remuneration Changes at 2026 EGM
Jul 31, 2026
JL MAG Rare-Earth Co., Ltd., a dual-listed Chinese rare-earth materials producer, held its first extraordinary general meeting of 2026 in Ganzhou, Jiangxi, with shareholders representing about 42% of voting shares in attendance. The company mainta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.