Jl Mag Rare-Earth Co.,Ltd.’s Net Profit Dropped 28% in First Half 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 334 million yuan in the first half of 2023, down 28% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 3.8% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.4%.