Jl Mag Rare-Earth Co.,Ltd.’s Net Profit Rose 9% in First Quarter of 2023

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 178.8 million yuan in the first quarter of 2023, up 9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 9.4% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.