JL Mag Rare-Earth Co Ltd Class A

300748: XSHE (CHN)
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JL Mag Earnings: Revenue Missed, but Stronger Margin Recovery Leads to In-Line Profit

JL Mag’s third-quarter revenue grew 13% year over year, driven mainly by sales volume. Together with mildly increasing rare earth prices during the period, gross margin gained 8 percentage points sequentially from the prior quarter.

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