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Jinnuo Permanent Magnet: Subsidiary Plans to Invest No More Than 20.8 Million Yuan in Industry Fund
Radar Finance | Feng Xiuyu (Writer) | Li Yihui (Editor)
On March 17, JINLI Permanent Magnet (300748) announced that its wholly owned subsidiary, JINLI Ningbo Investment, plans to invest up to 20.8 million RMB in Tianjin Chuangneng Venture Capital Partnership (Limited Partnership). The fund’s committed scale is 62.5 million RMB, focusing on equity investments in fields related to the company’s industrial chain.
This investment will help improve the company’s industrial layout and enhance overall competitiveness. It will not have an adverse impact on the company’s financial condition or operating results.
According to Tianyancha, JINLI Permanent Magnet was established on August 19, 2008, with a registered capital of approximately 1.3721 billion RMB. The legal representative is Cai Baogui, and the registered address is in the Industrial Park of the Economic and Technological Development Zone, Ganzhou City, Jiangxi Province. Its main business involves the research, production, and sales of high-performance neodymium-iron-boron permanent magnetic materials and magnetic components.
Currently, the company’s chairman is Cai Baogui, the secretary is Lai Xunlong, with 6,639 employees. The actual controllers are Cai Baogui, Hu Zhibin, and Li Xinong.
The company has stakes in 18 subsidiaries, including Jiangxi Jincheng Permanent Magnet New Materials Co., Ltd., JL MAG MEXICO, S.A. DE C.V., JL MAG Rare-Earth (Korea) Co., Ltd., JL MAG GREEN TECH (HONG KONG) CO., LTD., JL MAG RARE-EARTH (HONG KONG) CO., LIMITED, among others.
In terms of performance, the company’s revenue for 2022, 2023, and 2024 was approximately 7.165 billion RMB, 6.688 billion RMB, and 6.763 billion RMB, respectively, with year-over-year growth rates of 75.61%, -6.66%, and 1.13%. Net profit attributable to shareholders was about 703 million RMB, 564 million RMB, and 291 million RMB, with YoY growth rates of 55.09%, -19.78%, and -48.37%. During the same period, the company’s asset-liability ratio was 39.51%, 40.49%, and 42.12%.
Regarding risks, Tianyancha data shows the company has 70 internal Tianyan risks, 31 surrounding risks, 69 historical risks, and 196 early warning risks.