JL Mag Guides 2026 First Three Quarters Net Profit Up 42.6%-55.2%

The standout is the mix, not the headline growth: robotics and industrial servo motor revenue roughly doubling, with humanoid robot motor rotors reaching small-batch delivery, points to rare-earth magnet demand shifting from legacy end markets toward automation and humanoid platforms. That matters because it ties a Chinese magnet supplier's earnings trajectory to the pace of humanoid commercialization rather than to conventional EV or consumer demand. Whether small-batch rotor delivery scales into volume orders, and whether that robotics revenue line keeps compounding at this rate, is the open question to watch.