Understanding the Market | JLMAG surged over 9% in the afternoon after the conclusion of the China-U.S. leaders' meeting, with the company's third-quarter results showing significant growth both year-on-year and quarter-on-quarter
JLMAG surged over 9% in the afternoon, and as of the time of writing, it rose 6.1% to HKD 24.66, with a transaction volume of HKD 670 million. On the news front, according to CCTV News, on October 30th local time, President Xi Jinping met with U.S. President Trump in Busan, South Korea. The meeting lasted about 1 hour and 40 minutes and concluded. Asian rare earth stocks widened their losses after Trump's speech, with Australia's Lynas stock price dropping by as much as 4.1%, Iluka down 3.5%, Arafura Rare Earths down 6.7%, Australian Strategic Materials down 6.8%, and Northern Minerals down 13%. In addition, Minsheng Securities released a research report stating that JLMAG achieved a net profit attributable to the parent company of 515 million yuan in the first three quarters of 2025, a year-on-year increase of 161.81%. In the third quarter alone, the company achieved a net profit attributable to the parent company of 210 million yuan, a year-on-year increase of 172.65% and a quarter-on-quarter increase of 45.75%, in line with the performance forecast. The company's net profit attributable to the parent company saw significant growth both year-on-year and quarter-on-quarter, mainly benefiting from the simultaneous increase in both volume and price of magnetic material products
According to Zhitong Finance APP, JLMAG (06680) surged over 9% in the afternoon, and as of the time of writing, it rose 6.1% to HKD 24.66, with a trading volume of HKD 670 million.
In terms of news, according to CCTV News, on October 30th local time, President Xi Jinping met with U.S. President Trump in Busan, South Korea. The meeting lasted about 1 hour and 40 minutes and concluded. Asian rare earth stocks widened their declines after Trump's speech, with Australia's Lynas falling 4.1%, Iluka down 3.5%, Arafura Rare Earths down 6.7%, Australian Strategic Materials down 6.8%, and Northern Minerals down 13%.
In addition, Minsheng Securities released a research report stating that JLMAG achieved a net profit attributable to the parent company of 515 million yuan in the first three quarters of 2025, a year-on-year increase of 161.81%. In the third quarter alone, the company achieved a net profit attributable to the parent company of 210 million yuan, a year-on-year increase of 172.65% and a quarter-on-quarter increase of 45.75%, in line with the performance forecast. The company's net profit attributable to the parent company saw significant growth both year-on-year and quarter-on-quarter in the third quarter, mainly due to the simultaneous increase in both volume and price of magnetic material products
