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

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	9.9B	7.7B	6.8B	6.7B	7.2B
Cost of Revenue	7.7B	6.1B	6.0B	5.6B	6.0B
Gross Profit	2.2B	1.6B	752.6M	1.1B	1.2B
Operating Expenses
R&D Expense	588.2M	505.7M	320.9M	353.9M	337.5M
SG&A Expense	148.1M	—	—	—	—
General & Admin Expense	226.9M	277.1M	168.9M	155.9M	147.7M
Selling & Marketing Expense	48.9M	71.3M	58.6M	35.1M	36.1M
Other Expenses	93.6M	—	—	—	—
Total Operating Expenses	1.1B	877.5M	535.8M	516.3M	392.1M
Cost and Expenses	8.8B	7.0B	6.5B	6.1B	6.4B
Operating Income (EBIT)	1.1B	795.0M	318.9M	618.8M	768.8M
Non-Operating
Interest Income	39.3M	—	—	—	—
Interest Expense	48.0M	—	—	—	—
Net Interest Income	(8.7M)	—	—	—	—
Other Non-Op Income/Expense	10.1M	—	—	—	—
Non-Operating Income (excl Interest)	48.4M	—	—	—	—
EBT (Pre-Tax Income)	1.1B	789.3M	314.9M	617.0M	766.7M
Income Tax Expense	114.5M	62.4M	20.8M	50.1M	62.1M
Bottom Line
Net Income	949.2M	705.6M	291.0M	563.7M	702.7M
Earnings from Cont. Ops	989.3M	726.9M	294.1M	566.9M	704.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	949.2M	705.6M	291.0M	563.7M	702.7M
Per Share
Basic EPS	CN¥0.69	CN¥0.52	CN¥0.22	CN¥0.42	CN¥0.53
Diluted EPS	CN¥0.68	CN¥0.52	CN¥0.22	CN¥0.42	CN¥0.52
Revenue Per Share	CN¥7.18	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	697.3M	1.0B	484.8M	761.7M	877.7M
D&A	68.1M	232.4M	165.8M	142.9M	108.9M
EBIT	629.2M	—	—	—	—

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 Sep 1, 2026