StoryManufacturing
JL MAG says Baotou 20,000 t magnet plant structure is mostly built, targets 60,000 t/yr by end of 2027
JL MAG Rare-EarthHigh-performance NdFeB magnets
JL MAG told investors the main structure of its third Baotou plant, built for 20,000 t a year of high-performance magnets, is largely finished and equipment will be installed in batches, taking total capacity to 60,000 t a year by end-2027. First-half 2026 revenue rose 33% to 4.65B yuan and net profit 52% to 462M yuan. Robot and servo-motor magnet sales nearly doubled, and the company has put about 200M yuan into sites, equipment and staff for humanoid robot motor rotors.
- Baotou phase III: 20,000 t/yr; capacity to reach 60,000 t/yr by end of 2027.
- H1 2026 revenue 4.649B yuan (+32.6%); net profit 462M yuan (+51.6%).
- Gross margin 21.7%, up 5.3 points year on year.
- Robot and servo-motor revenue 261M yuan (+96%); EV and auto revenue 2.23B yuan (+33%).