Jinli Permanent Magnet announced on the evening of January 20 that the company plans to invest in the construction of a “green intelligent manufacturing project with an annual output of 20,000 tons of high-performance rare earth permanent magnet materials” through its wholly-owned subsidiary Jinli Permanent Magnet Technology Co., Ltd. The total planned investment of the project is 1.05 billion yuan. The construction period of the project is 2 years. After completion, the company will have an annual production capacity of 60,000 tons of high-performance rare earth permanent magnet materials. The company released a performance forecast on the same day. The net profit due to mother is expected to be 271 million yuan to 327 million yuan in 2024, a year-on-year decrease of 42% to 52%.

Zhitongcaijing · 01/20 11:49
Jinli Permanent Magnet announced on the evening of January 20 that the company plans to invest in the construction of a “green intelligent manufacturing project with an annual output of 20,000 tons of high-performance rare earth permanent magnet materials” through its wholly-owned subsidiary Jinli Permanent Magnet Technology Co., Ltd. The total planned investment of the project is 1.05 billion yuan. The construction period of the project is 2 years. After completion, the company will have an annual production capacity of 60,000 tons of high-performance rare earth permanent magnet materials. The company released a performance forecast on the same day. Net profit due to mother is expected to be 271 million yuan to 327 million yuan in 2024, a year-on-year decrease of 42% to 52%.