Northern Rare Earth profit soars over 700% in Q1 2025

China Northern Rare Earth Group High-Tech (SSE:600111) announced its first-quarter 2025 performance, highlighting a surge in profitability. Operating revenue reached CNY 9.28 billion, a 61.19% increase year-over-year, while net profit attributable to shareholders skyrocketed by 727.3% to CNY 430 million. Excluding non-recurring items, net profit was CNY 430 million, reflecting a staggering 11622.98% increase. The company reported significant production and sales volume growth across key product categories, including rare earth oxides, salts, and metals. The company cited strategic adjustments in production, enhanced sales strategies, and favorable market pricing for rare earth products as key drivers of the strong performance. Northern Rare Earth remains optimistic about the industry's future, emphasizing its commitment to innovation and high-quality development.