JL MAG forecasts H1 2026 profit up 31-51% as robot and servo-motor magnet sales jump about 90%

JL MAG Rare-Earth/High-performance NdFeB magnets

JL MAG guided first-half 2026 net profit of 400-460M yuan, up 31-51% on a year earlier, on revenue about 30% higher. Sales of magnets for robots and industrial servo motors grew about 90%, the fastest of any market, and small batches of humanoid robot motor rotors had started shipping. It said construction of 20,000 t of new capacity was on schedule.

• H1 2026 net profit guidance: 400-460M yuan.
• NEV and auto parts revenue up about 30%; robots and servo motors up about 90%.
• About 121M yuan of new share-based payment costs weighed on profit.
• Neodymium-praseodymium metal was 905,000 yuan/t on June 30, up 23% since end-2025.