Jl Mag Rare-Earth Co.,Ltd.’s Net Profit Rose 55.3% in 2022

Jl Mag Rare-Earth Co.,Ltd. (江西金力永磁科技股份有限公司) (300748.SZ) reported a net profit of 704.6 million yuan in 2022, up 55.3% year-on-year.

Meanwhile, the company posted 7.2 billion yuan in revenue, up 75.6% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.