The A-share rare earth permanent magnet sector experienced a surge, with Yunsheng hitting the daily limit, JLMAG rising over 10%, and Zhong Ke San Huan, Rnm, Earth-Panda, Galaxy Magnets, and Zhong Ke Magnetic Materials all climbing sharply

Zhong Ke San Huan Co., Ltd. released its performance for the first three quarters, with a net profit attributable to the parent company of 90.3291 million yuan, a year-on-year increase of 314.80%

According to the Zhitong Finance APP, Zhong Ke San Huan Co., Ltd. released its third-quarter report for 2025. In the first three quarters, the company achieved operating revenue of 4.85 billion yuan, a year-on-year decrease of 2.65%. The net profit attributable to shareholders of the listed company was 90.3291 million yuan, a year-on-year increase of 314.80%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 63.6282 million yuan, a year-on-year increase of 202.47%

Zhong Ke San Huan Co., Ltd. issued a profit warning, expecting a net profit attributable to shareholders of 80 million to 100 million yuan in the first three quarters, turning losses into profits

According to the Zhitong Finance APP, Zhong Ke San Huan Co., Ltd. disclosed its performance forecast for the first three quarters of 2025. The company expects a net profit attributable to shareholders of the listed company to be between 80 million yuan and 100 million yuan, turning a profit compared to the same period last year; the net profit after deducting non-recurring gains and losses is expected to be between 60 million yuan and 80 million yuan

Zhong Ke San Huan Co., Ltd.: The holding subsidiary received a government subsidy of 15.99 million yuan

Zhong Ke San Huan's holding subsidiary received a total of 15.99 million yuan in government subsidies, of which Ningbo Keningda Industrial Co., Ltd. and its subsidiaries received 3 million yuan, and Ningbo San Huan Magnetic Acoustics Trade Co., Ltd. and its subsidiaries received 8.01 million yuan and 1.98 million yuan. These subsidies are cash grants related to revenue, accounting for 133.16% of the company's most recent audited net profit

CICC: In July, the export of magnetic materials significantly recovered, and domestic praseodymium and neodymium prices are expected to rise further

CICC released a research report stating that in July, China's rare earth magnet exports reached 5,577 tons, a year-on-year increase of 6% and a month-on-month increase of 75%, exceeding the average level of the same period in the past three years by 10%. As of August 20, the domestic praseodymium-neodymium oxide price was 624,000 yuan/ton, up 57% from the beginning of the year. With the arrival of the demand peak season and improved export demand, domestic praseodymium-neodymium prices are expected to rise further