JLMAG (06680) rose over 3% following its profit forecast upgrade. As of press time, the stock was up 1.3% to HK$26.32 with trading turnover of HK$77.83 million.

On the news front, JLMAG announced on October 9 that the group expects its net profit attributable to shareholders for the first three quarters of 2025 (January-September 2025) to reach RMB 505-550 million, representing a year-on-year increase of 157%-179%. For the third quarter alone, net profit attributable to shareholders is expected to be RMB 200-245 million, up 159%-217% year-on-year.

During the first three quarters of 2025, amid intensifying industry competition, the company's management maintained a prudent and compliant business strategy while actively expanding markets. Through technological innovation, organizational optimization, and lean management, the company continuously improved operational efficiency and profitability. Additionally, the company proactively addressed rare earth raw material price volatility risks through flexible inventory strategy adjustments and other measures, with its delivery capabilities receiving full recognition from domestic and international customers, further consolidating operational stability and sustainability.

As of now, the company has sufficient orders in hand for the fourth quarter.