Jl Mag Rare-Earth (300748.SZ) has issued a profit warning, expecting annual net profit to be between 2.71 billion yuan and 3.27 billion yuan, a decrease of 42% to 52% year-on-year.

Jl Mag Rare-Earth (300748.SZ) released its 2024 annual performance forecast, with the company expecting a net profit attributable to shareholders of the listed company of 271 million to 327 million yuan, a year-on-year decrease of 42% to 52%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be 161 million to 217 million yuan, a year-on-year decrease of 56% to 67%.