Northern Rare Earth expects massive profit surge in Q1 2025

China Northern Rare Earth Group High-Tech (SSE:600111) anticipates a substantial surge in its first-quarter 2025 net profit, according to a preliminary announcement. The company expects net profit attributable to shareholders to range from CNY 425 million to CNY 435 million, a dramatic increase of between 716.49% and 735.70% compared to the same period in 2024. Net profit excluding non-recurring items is projected to be between CNY 429 million and CNY 439 million, which is an increase of between 11468.78% and 11738.45% from CNY 370.83 million in 2024. The company attributes the expected increase to favorable market conditions, including tighter upstream raw material supply, stimulus policies that supported demand, and rising prices for key rare earth products like praseodymium and neodymium. The company also cited improvements in operating efficiency, product mix optimization, and sales growth. While 2024 experienced challenges with fluctuating rare earth prices, the company maintained its leading position within the industry. Northern Rare Earth's board has issued a reminder to investors that the Q1 2025 figures are still preliminary and subject to final audit.