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Key takeaways: 1、JL Mag said its profit rose 90% to 100% in the first three quarters of the year, translating to roughly 70% profit growth in the third quarter 2、The rare earth company’s growth from sales to the NEV sector is slowing, though it could get a boost from a recent extension of an expiring Chinese tax credit Are new energy vehicle (NEV) sales finally peaking in China, the world’s largest market for green cars, trucks and buses? The answer appears to be yes, at least based on a new profit alert from JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ), the world’s leading maker of rare earth magnetic materials used in NEVs, as well as wind turbines and certain types of air conditioners. In the usual manner, the company has issued what on the surface looks like quite an upbeat report, saying its revenue rose between 70% and 90% in the first three quarters of the year compared with the year-ago period. Meanwhile, its profit rose by an even headier 90% to 100%, accordin
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