Zhitong Financial APP learned that Jinli permanent Magnet (06680) continued to rise, rising more than 10% in intraday trading. As of press time, it rose 6.05% to HK $22.80, with a turnover of HK $10.7109 million.

On the news side, Jinli permanent Magnet announced that on May 16, 2022, Jinli Baotou, a wholly owned subsidiary of the company, signed a "Strategic Cooperation Framework Agreement" with China Resources Power Holdings Northern Branch. The cooperation projects between the two sides include but are not limited to the following aspects: indemnificatory grid-connected centralized new energy projects; renewable energy alternative projects in industrial parks; new energy projects supporting thermal power flexibility transformation; decentralized wind power projects; permanent magnet motor transformation projects.