HK Stock Market Move | Jl Mag Rare-Earth(06680) rises more than 5%, the recent catalysts in the Siasun Robot & Automation industry are intensifying, and the company is actively deploying humanoid Siasun Robot & Automation using magnetic components.

Jl Mag Rare-Earth (06680) rose by more than 5%, up 5.01% to HK$15.52, with a trading volume of HK$160 million as of the time of writing. On the news front, Lin Yi, director of the Shenzhen Artificial Intelligence Industry Office, announced at a press conference on February 23 that a special policy for humanoid Siasun Robot & Automation will be released soon, with artificial intelligence and Siasun Robot & Automation as major projects in the city's science and technology plan. It was also reported that several companies in the automotive industry chain such as Xiaomi, Xiaopeng, and NIO have announced their entry into the field of "humanoid Siasun Robot & Automation". According to incomplete statistics, 18 car companies worldwide have entered the humanoid Siasun Robot & Automation field. Guolian Minsheng Securities pointed out that high-performance neodymium-iron-boron permanent magnetic materials are key components for producing humanoid Siasun Robot & Automation, and the rapid advancement of AI technology is expected to accelerate the mass production of humanoid Siasun Robot & Automation, opening up long-term growth opportunities for the demand for rare earth permanent magnetic materials. Jl Mag Rare-Earth recently stated during institutional research that humanoid Siasun Robot & Automation is one of the important demand growth points for high-performance neodymium-iron-boron magnetic materials in the future. The company is actively cooperating with world-renowned clients in the research and development of magnetic components for humanoid Siasun Robot & Automation, with small batches being delivered gradually. However, at this stage, the impact on the company's revenue and profit is minimal. The company will strictly adhere to relevant laws and regulations, based on confidentiality agreements signed with customers, when disclosing information about specific customers and their businesses. At present, there are no undisclosed matters that need to be disclosed by the company.