JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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JL Mag Earnings: Revenue and Profit In Line; Stronger Gross Margin Recovery

JL Mag’s fourth-quarter revenue edged up 7% year over year to CNY 1.7 billion. The mild revenue growth was mainly driven by sales volume, while product selling prices remained lackluster due to a decline in rare-earth prices. Gross margin recovered 1.5 percentage points from the prior quarter.

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