Grinm Advanced Materials forecasts 179-240% profit surge

Grinm Advanced Materials anticipates net profit of RMB 11,400 to RMB 13,900 million for the first half of 2025, marking a 179% to 240% increase year-on-year.

The growth is primarily attributed to wholly-owned subsidiary Grinm Golden, which forecasts net profit between RMB 13,700 and RMB 14,700 million due to over 50% growth in target material sales.

Additionally, holding subsidiary Grinm Rare Earth is expected to reduce its net loss by over RMB 3,600 million compared to the prior period.