Identifiers
Operating jurisdiction
China (multiple plants: Ganzhou, Baotou, Mianyang); Vietnam (production base)
Sector classification
Pure-play NdFeB permanent magnet manufacturer; >95% of revenue from sintered and bonded NdFeB magnets. Sole sector applies.
Activity screen
Largest non-state-affiliated Chinese NdFeB magnet maker. A/H dual-listed: A-share primary on Shenzhen (300748) since 2018, H-share on HKEX (6680) since Jan 2022. Per methodology question 2: full-company shares × HKEX H-share USD-converted closing price for market cap; HKEX H-share line only for ADTV. H1 2025 revenue RMB 3.51B; FY25 management guidance RMB 8-9B. ~50% Q1 2025 revenue from new energy vehicles.
Primary REE elements
Nd, Pr, Dy, Tb (NdFeB sintered and bonded magnets for EV motors, wind turbines, energy-saving appliances)
Notes
A/H dual-listed. Total shares (A + H) outstanding used for market cap; multiplied by HKEX H-share USD-converted closing price per methodology question 2. ADTV computed on HKEX H-share line only.
Liquidity
- 30-day avg market cap (USD)
- $6.60B
- 90-day avg daily traded value (USD)
- $19.62M
Trailing windows ending at the April 30, 2026 calculation date (methodology §4.3).
Sources
https://www.jlmag.com.cn/en/ · HKEX filings · 2025 H1 and Q3 reports
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