HK Stock Market Move | JL Mag Rare-Earth (06680) opens more than 2% higher, expected to increase its net profit attributable to owners by 127% to 161% year-on-year in 2025.

Jl Mag Rare-Earth (06680) opened more than 2% higher, and as of the time of publication, it has risen by 2.3% to HK$20.48, with a trading volume of HK$1.876 million. In terms of news, Jl Mag Rare-Earth has announced that the group is expected to achieve a net profit attributable to shareholders of the listed company of RMB 660 million to RMB 760 million for the year ending December 31, 2025, an increase of 127% - 161% year-on-year. The announcement stated that the company's products are widely used in new energy vehicles and automotive components, energy-efficient variable frequency air conditioning, wind power generation, Siasun Robot&Automation and industrial servo motors, 3C, low-altitude aircraft, energy-efficient elevators and other fields, and have established long-term stable cooperative relationships with leading enterprises in various fields at home and abroad. This year, the company has delivered small batches of products in the field of Siasun Robot&Automation motor rotors and magnetic materials, and low-altitude aircraft.