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JL MAG Rare-Earth Co., Ltd. Class H
(6680)
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Rating:56Neutral
Price Target:
HK$17.00
▼(-1.96% Downside)
Action:Reiterated
Date:08/21/26
The score is driven by improving TTM operating results and a strong rebound in free cash flow, but is held back by materially higher leverage, a persistent downtrend (price below major moving averages with negative MACD), and a high P/E that leaves limited margin for error despite a moderate dividend yield.
Positive Factors
Improving revenue and profitability
Recent revenue growth and stronger operating profitability indicate improving demand and product economics. Healthy gross and net margins provide a more durable earnings base, although continued performance still depends on industry demand and pricing conditions.
Negative Factors
Materially higher leverage
The sharp increase in debt reduces financial flexibility and raises sensitivity to weaker demand, input-cost pressure or lower magnet prices. Higher financing obligations could constrain investment and shareholder returns if the operating rebound loses momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving revenue and profitability
Recent revenue growth and stronger operating profitability indicate improving demand and product economics. Healthy gross and net margins provide a more durable earnings base, although continued performance still depends on industry demand and pricing conditions.
Read all positive factors
JL MAG Rare-Earth Co., Ltd. Class H (6680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$38.11B
Dividend Yield2.67%
Average Volume (3M)2.88M
Price to Earnings (P/E)40.3
Beta (1Y)1.55
Revenue Growth32.98%
EPS Growth86.94%
CountryHK
Employees7,302
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.63
Shares Outstanding241,144,520
10 Day Avg. Volume2,102,313
30 Day Avg. Volume2,878,975
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 Target
HK$31.10Price Target Upside79.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.87
Revenue Forecast (FY)HK$12.17B
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...
How the Company Makes Money
JL MAG primarily makes money by selling rare-earth permanent magnet materials and magnet components to business customers. Revenue is generated from (1) product sales of NdFeB magnets (including high-performance grades) supplied to manufacturers a...
JL MAG Rare-Earth Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.81B | 7.51B | 6.76B | 6.69B | 8.30B | 4.90B |
| Gross Profit | 2.05B | 1.55B | 752.61M | 1.07B | 1.31B | 1.07B |
| EBITDA | 1.16B | 899.17M | 525.15M | 809.34M | 817.64M | 654.94M |
| Net Income | 858.87M | 687.34M | 291.04M | 563.69M | 702.69M | 453.07M |
Balance Sheet | ||||||
| Total Assets | 16.53B | 15.33B | 12.30B | 11.83B | 12.60B | 7.40B |
| Cash, Cash Equivalents and Short-Term Investments | 4.67B | 4.33B | 2.90B | 4.10B | 4.80B | 1.84B |
| Total Debt | 6.24B | 5.85B | 1.04B | 954.15M | 4.09B | 2.68B |
| Total Liabilities | 8.53B | 7.35B | 5.18B | 4.79B | 4.88B | 3.66B |
| Stockholders Equity | 7.81B | 7.56B | 7.02B | 7.02B | 7.62B | 3.63B |
Cash Flow | ||||||
| Free Cash Flow | 1.78B | -104.50M | -167.16M | 712.19M | -316.13M | -670.49M |
| Operating Cash Flow | 2.10B | 349.66M | 507.95M | 1.52B | 361.21M | 144.04M |
| Investing Cash Flow | -640.05M | -813.76M | -1.69B | -942.05M | -877.77M | -807.81M |
| Financing Cash Flow | 186.57M | 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
17.15
Negative
18.21
Negative
19.25
Negative
Market Momentum
-0.17
Positive
47.11
Neutral
29.17
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 16.99, above the 50-day MA of 17.15, and below the 200-day MA of 19.25, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 47.11 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 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
16.77
-5.59
-25.01%
HK:0838
Eva Precision Industrial Holdings Limited
0.75
-0.27
-26.46%
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 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...
JL MAG Rare-Earth Boosts Buyback to Signal Confidence in H Shares
Jul 17, 2026
JL MAG Rare-Earth Co., Ltd. announced that it has repurchased 2,723,200 H shares on the Hong Kong market, equal to about 0.20% of its total issued share capital. The buyback, executed on July 17, 2026 at an average price of roughly HK$16.27 per sh...
JL MAG Rare-Earth Calls 2026 EGM to Revise Board and Pay Rules
Jul 14, 2026
JL MAG Rare-Earth Co., Ltd., a PRC-incorporated rare-earth materials producer with H shares listed in Hong Kong, has a diversified board including executive, non-executive and independent non-executive directors overseeing its governance. The comp...
JL MAG Rare-Earth Moves to Strengthen Board with New Independent Director
Jul 10, 2026
JL MAG Rare-Earth Co., Ltd. has nominated Wang Yong as an independent non-executive director to fill the vacancy created by the resignation of Xu Feng and to maintain the required number of independent directors on its board. Subject to shareholde...
JL MAG forecasts sharp profit growth for first half of 2026
Jul 1, 2026
JL MAG Rare-Earth Co., Ltd., a Chinese producer of high-performance rare-earth permanent magnets, supplies critical magnetic materials to sectors including new energy vehicles, wind power and industrial automation. The company leverages its rare-e...
JL MAG Rare-Earth Announces Resignation of Independent Director Xu Feng
Jun 2, 2026
JL MAG Rare-Earth Co., Ltd. announced that independent non-executive director Xu Feng has tendered his resignation from the board and his roles on the nomination, strategy, and remuneration and appraisal committees due to other work arrangements. ...
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.