Zhenghai Magnetic Materials: The net profit in the third quarter rose by 189.72% year-on-year, mainly due to the rise in rare earth prices.

Jin10 data reported on October 26, Zhenghai Magnetic Materials announced that the company's operating income for the third quarter of 2025 was 1.916 billion yuan, a year-on-year rise of 50.76%, and the net profit attributable to shareholders of the listed company was 115 million yuan, a year-on-year rise of 189.72%. From the beginning of the year to the end of the reporting period, the operating income was 4.973 billion yuan, a year-on-year rise of 30.54%, and the net profit attributable to shareholders of the listed company was 228 million yuan, a year-on-year rise of 20.46%. This was mainly due to the increase in sales volume of the main business during the reporting period; the rise in rare earth prices.