JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JL Mag Earnings: Revenue Missed, but Encouraging Sequential Gross Margin Recovery

Vincent Sun

Oct 25, 2024

JL Mag reported 2% revenue growth year over year in the third quarter. Due to a prolonged price drop in various rare-earth materials—hence increasing price pressure for the company’s rare-earth magnet products—gross margin trended down 6 percentage points from last year.

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JL Mag Rare-Earth Co Ltd Class A

JL Mag Earnings: Revenue Missed, but Encouraging Sequential Gross Margin Recovery

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