Jinli Permanent Magnet's 2025 revenue hits a record high, with a net profit of 706 million yuan, a year-on-year increase of 142.44%.

Jinli Permanent Magnet ( 300748 ) Released its 2025 Annual Report on March 25. During the reporting period, the company achieved a total operating revenue of 7.72B yuan, with main business revenue of 7.03B yuan, representing year-on-year increases of 14.11% and 19.00%, respectively, both hitting record highs; net profit reached 706 million yuan, up 142.44% year-over-year; net profit excluding non-recurring gains and losses was 620 million yuan, a 264% increase.

Jinli Permanent Magnet is a high-tech enterprise integrating R&D, production, and sales of high-performance neodymium-iron-boron permanent magnetic materials, magnetic components, embodied robot motor rotors, and comprehensive utilization of rare earth recycling. After becoming the world’s leading company in rare earth permanent magnet material production and sales in 2024, the company’s magnetic material product output and sales hit new highs in 2025. During the reporting period, the company produced approximately 34.4k tons of magnetic material blanks, a 17.31% increase; sold about 25.3k tons of finished magnetic products, a 21.25% increase.

Currently, Jinli Permanent Magnet has five factories in Ganzhou, Baotou, and Ningbo, with high-performance rare earth permanent magnet capacity reaching 40k tons per year, and multiple single rare earth compound recycling approved capacity of 5,000 tons per year. In January 2025, the company proposed to invest in and build the Baotou Phase III “Annual Production of 20k Tons of High-Performance Rare Earth Permanent Magnet Green Intelligent Manufacturing Project,” which officially broke ground within the year. Some main parts of the project have already passed acceptance, and capacity will be gradually released in batches. It is expected that by the end of 2027, the company’s magnetic material capacity could reach 60k tons per year.

Embodied robots are one of the future key growth points for high-performance neodymium-iron-boron magnetic materials and motor rotors. According to the announcement, the company is actively deploying in the robotics field, collaborating with internationally renowned technology companies to develop embodied robot motor rotors and build capacity, with small batch product deliveries; simultaneously, through direct investments or participation in industry funds, strategically layout key links in the relevant industry chain to accelerate industrial synergy and commercialization. During the reporting period, the company developed and established automated production lines for embodied robot rotors based on downstream customer needs, with large-scale production and profitability gradually reflecting as downstream production progresses.

As an early player in the industry to deploy rare earth recycling, Jinli Permanent Magnet currently holds a 51% stake in Yinhai New Materials. Relying on the group’s manufacturing system, the magnetic sludge, scraps, and other recyclable materials generated during production at various factories can be stably supplied to Yinhai New Materials for recycling and processing, ensuring their production needs are met and providing strong support for the company’s raw material supply. By 2025, the company had recycled a total of 3,681 tons of rare earth raw materials. Yinhai New Materials has achieved operational income and profit contributions. During the reporting period, it realized operating revenue of 195 million yuan and net profit of 50.5 million yuan.

Since its listing in 2018, Jinli Permanent Magnet has implemented annual cash dividends, with a total cash dividend payout exceeding 1.47 billion yuan and a cumulative dividend payout ratio over 50%. For 2025, the company plans to distribute a cash dividend of 2.2 yuan (tax included) per 10 shares to all shareholders, with an estimated total dividend of 302 million yuan. The total cash dividends for the first half and full year of 2025 amounted to 550 million yuan, a 103% increase year-over-year, with a cash dividend payout ratio of about 78%.

Based on firm confidence in the company’s long-term development prospects and high recognition of its value, Jinli Permanent Magnet repurchased approximately 3.67 million A-shares during the reporting period, with a total repurchase amount of about 142 million yuan, which has been fully canceled to further optimize the capital structure. The company continues to optimize its incentive system to achieve shared value creation with employees. During the reporting period, the company performed well in domestic and international capital markets. The closing prices of its A-shares and H-shares at the end of 2025 increased by over 94% and 146%, respectively, compared to the beginning of the year, fully reflecting global investors’ confidence in the company’s value, strategic path, and future growth.