JL Mag Rare-Earth Co Ltd Class A
300748: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.YS | LOCK|%NJ>n | LOCK|HW#z#X |
JL Mag Earnings: Results In-Line; Stable Rare-Earth Prices Pointing to Favorable Margin Outlook
JL Mag’s first-quarter revenue grew 16% year on year despite lackluster downstream electric vehicle sales. Due to a sharp fluctuation in rare-earth prices during the period, gross margin narrowed 3 percentage points sequentially from the prior quarter.
