Jl Mag Rare-Earth Co.,Ltd.’s Net Profit Dropped 27.7% in First Three Quarters 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 497 million yuan in the first three quarters of 2023, down 27.7% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, down 3.1% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.