Northern Rare Earth forecasts significant profit increase for first half
China Northern Rare Earth Group High-Tech (SSE:600111) projects a significant increase in its net profit attributable to the parent company for the first half of 2025. The company estimates net profits to range between CNY 90,000 to CNY 96,000,000, a substantial rise of CNY 85,500 to CNY 91,500,000 compared to the same period last year. This represents a year-on-year increase of 1882.54% to 2014.71%. Net profit attributable to the parent company after deduction of non-recurring gains and losses is estimated to be between CNY 88,000 and CNY 94,000,000, representing a year-on-year increase of 5538.33% to 5922.76% from the prior year. The surge in profits is attributed to several factors, including optimized production management, increased market demand, and effective cost control measures.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when China Northern Rare Earth Group High-Tech publishes news
Free account required • Unsubscribe anytime