JL Mag Rare-Earth (SHE:300748) expects attributable profit to surge 151% to 180% to between 300 million yuan and 350 million yuan in the first half from 119.7 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.

The rare-earths company attributed the forecast to its focus on new energy and energy-saving protection field, among others, the filing said.

Operating income is also expected to rise 4% to 5% to about 3.5 billion yuan, the filing said.