JL MAG Rare-Earth Co., Ltd. (300748.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	8.8B	7.7B	6.8B	6.7B	7.2B
Cost of Revenue	6.8B	6.1B	6.0B	5.6B	6.0B
Gross Profit	2.1B	1.6B	752.6M	1.1B	1.2B
Operating Expenses
R&D Expense	579.9M	505.7M	320.9M	353.9M	337.5M
SG&A Expense	39.9M	—	—	—	—
General & Admin Expense	301.3M	277.1M	168.9M	155.9M	147.7M
Selling & Marketing Expense	61.9M	71.3M	58.6M	35.1M	36.1M
Other Expenses	70.6M	—	—	—	—
Total Operating Expenses	1.1B	877.5M	535.8M	516.3M	392.1M
Cost and Expenses	7.9B	7.0B	6.5B	6.1B	6.4B
Operating Income (EBIT)	987.3M	795.0M	318.9M	618.8M	768.8M
Non-Operating
Interest Income	22.0M	—	—	—	—
Interest Expense	26.1M	—	—	—	—
Net Interest Income	(4.1M)	—	—	—	—
Other Non-Op Income/Expense	4.9M	—	—	—	—
Non-Operating Income (excl Interest)	48.4M	—	—	—	—
EBT (Pre-Tax Income)	984.0M	789.3M	314.9M	617.0M	766.7M
Income Tax Expense	104.5M	62.4M	20.8M	50.1M	62.1M
Bottom Line
Net Income	861.7M	705.6M	291.0M	563.7M	702.7M
Earnings from Cont. Ops	879.4M	726.9M	294.1M	566.9M	704.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	861.7M	705.6M	291.0M	563.7M	702.7M
Per Share
Basic EPS	CN¥0.64	CN¥0.52	CN¥0.22	CN¥0.42	CN¥0.53
Diluted EPS	CN¥0.63	CN¥0.52	CN¥0.22	CN¥0.42	CN¥0.52
Revenue Per Share	CN¥6.45	CN¥5.69	CN¥5.11	CN¥4.98	CN¥5.40
Shares
Basic Shares Outstanding	1.4B	1.4B	1.3B	1.3B	1.3B
Diluted Shares Outstanding	1.4B	1.4B	1.3B	1.3B	1.3B
Profitability Metrics
EBITDA	360.7M	1.0B	484.8M	761.7M	877.7M
D&A	68.1M	232.4M	165.8M	142.9M	108.9M
EBIT	292.7M	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026