金力永磁2025年年度报告

江西金力永磁科技股份有限公司JL MAG RARE-EARTH CO., LTD. (A joint stock limited company incorporated in the People’sRepublic of China with limited liability)（於中華人民共和國註冊成立的股份有限公司）Stock Code 股份代號 : 6680 Contents Company Highlights2Definitions8Corporate Information17Chairman’s Statement22Financial Summary26Management Discussion and Analysis29Changes in Share Capital andShareholdings of Substantial Shareholders74Corporate Governance Report84Report of the Board of Directors117Profiles of Directors and Senior Management173Independent Auditor’s Report192Consolidated Statement of Profit or Loss200Consolidated Statement of Comprehensive Income201Consolidated Statement of Financial Position202Consolidated Statement of Changes in Equity205Consolidated Statement of Cash Flows207Notes to Financial Statements211 COMPANY HIGHLIGHTS 20242025 619.7264.00% 3,356.6768.6663.1 20181,470.550% COMPANY HIGHLIGHTS •3,0001 •20,000•20,000 •5,000 • COMPANY HIGHLIGHTS COMPANY HIGHLIGHTS 21.25%25,282 7,028.119.00% F o l l o w i n gi t s a c h i e v e m e n t o fr a n k i n gf i r s t g l o b a l l y i n b o t hproduction and sales volumes intheREPM industry in 2024,theCompanyachieved new recordhighs in its production and salesvolumes in 2025. 619.7264.00% Note: As at the end of the Reporting Period,the Company had cash and bank balancesof RMB3,356.6 million, large-amount depositcertificates due within one year of RMB768.6million and large-amount deposit certificatesdue in more than one year of RMB663.1million, representing a sound cash reserve. Note: Since its listing in 2018, the Company has consistently distributed cash dividendsin each fiscal year, with cumulative cash dividends paid exceeding RMB1,470.5 million,accounting for over 50% of the cumulative profit attributable to owners of the parent duringthe same period. COMPANY HIGHLIGHTS SUCCESSFULLY COMPLETED GROUP-BASED STRUCTURE TRANSFORMATION TheCompany has successfully completed its transformation from a listed entity with a single production baseinGanzhou into a group structure under which the parent company serves as a holding management platformwhile production base subsidiaries operate synergistically. This has enabled the scientific integration and efficientallocation of internal resources, thereby enhancing overall operational efficiency. • Existing Production Capacity:3,000 tonnes/year High-EndMagnetic Materials and 100 MillionSets/Units of Components • Existing Production Capacity:20,000 tonnes/year• Capacity Under Construction:20,000 tonnes/year Yinhai New Materials • Approved Production Capacity:5,000 tonnes/year forVarious Single RareEarth Compounds • Focusing on the Development ofHumanoid Robot Motor Rotors PRODUCTION CAPACITY EXPANSION PLAN Unit: (tonne) Note:The above production capacity planning does not represent the Company’s profit forecast. Its realization is subject to various factorsincluding changes in macroeconomic policies and market conditions, and involves uncertainties. Investors are advised to exercisecaution. Definitions H Hong Kong Special Administrative Region of the People’s Republic of China a person or persons or a company or companies which, to the best of ourdirectors’knowledge,information and belief,having made all reasonableenquiries, is independent of and not connected with (within the meaningof the Hong Kong Listing Rules) any of the directors, chief executive andsubstantial shareholders (within the meaning of the Hong Kong Listing Rules)of our Company, any of its subsidiaries or any of their respective associates(within the meaning of the Hong Kong Listing Rules) the capacity of wind turbines or power generators that have been completelyassembled, erected and commissioned, and started producing electricity Definitions Definitions the placing agreement entered into between the Company and the PlacingAgent on 19 December 2024 in respect of the Placing20241219 the prospectus of the Company dated 31 December 202120211231 rare earth elements (REEs) refer to a group of 17 elements, including thelanthanides in the periodic table lanthanum (La), cerium (Ce), praseodymium(Pr),neodymium(Nd),promethium(Pm),samarium(Sm),europium(Eu),gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er),thulium (Tm), ytterbium (Yb) and lutetium (Lu), along with scandium (Sc) andyttrium (Y), which share similar chemical properties. Based on atomic weightand physicochemical properties, REEs are classified into light, medium, andheavy rare earth elements. The first five elements are light rare earth and therest are medium and heavy rare earth. Due to their unique physicochemicalandchemical properties,REEs are widely used in new energy,newmaterials,energy conservation and environmental protection,aerospace,electronic information and other fields, and are indispensable elements inmodern industry (La)(Ce)(Pr)(Nd)(Pm)(Sm)(Eu)(Gd)(Tb)(Dy)(Ho)(Er)(Tm)(Yb)(Lu)(Sc)(Y)175 rareearth permanent magnets are a type of permanent magnet m