China Northern Rare Earth Forecasts 112.74%-121.33% Net Profit Growth in H1 2026 Driven by Strong Prices and Efficiency

Published: Jul 30, 2026 17:46

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China Northern Rare Earth (600111.SH) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be 1.98 billion yuan to 2.06 billion yuan, up 112.74% to 121.33% YoY. It also expects its net profit attributable to shareholders after deducting non-recurring gains and losses for the first half of 2026 to be 1.99 billion yuan to 2.07 billion yuan, an increase of 1.09 billion yuan to 1.173 billion yuan compared with the same period last year (as per legally disclosed data), up 121.90% to 130.82% YoY. The performance change was mainly driven by stronger rare earth product prices, the company’s scientific production scheduling and planning, cost reduction and efficiency improvement, record-high production of rare earth smelting and separation, metals and new materials for the same period, and revenue growth of subsidiaries such as magnetic materials.

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