Metals News
Net profit of northern rare earths in the first half of 2019 increased by 22.18 per cent year on year at 266 million
Aug 27,2019
Source:Chinese rare earths
The content below was translated by Tencent automatically for reference.

SMM News: recently, China Northern rare Earth (Group) High-tech Co., Ltd. released the 2019 semi-annual report that the company achieved operating income of 8.519 billion yuan, an increase of 49.62% over the same period last year; net profit attributable to shareholders of listed companies was 266 million yuan, an increase of 22.18% over the same period last year.

During the reporting period, the company steadily promoted the construction project: the construction of rare earth medical industrial base was basically completed and is expected to have the conditions for use by the end of the year; the SCR catalyst powder demonstration line project was completed and the equipment unit was debugged. Speed up the promotion of joint venture and cooperation projects: joint venture to establish Northern rare Earth Pingyuan mg-Al (Inner Mongolia) Alloy Co., Ltd., to achieve a breakthrough in mg-Al alloy industry; speed up the promotion of Seagate environmental denitrification catalyst products; actively promote the operation of the new company of diesel vehicle exhaust catalyst project; rare earth medical industry base superconducting magnetic resonance project and medical imaging cloud platform project has completed the registration of the new company. The company also actively promotes the preliminary work of the Baiyunebo rare earth concentrate green environmental protection smelting new process industrialization test project, and selects the joint venture and cooperation targets in the rare earth smelting separation, rare earth alloy, rare earth permanent magnet motor, non-ferrous metals and rare earth catalytic materials and other industrial fields, advance the preliminary work in an orderly manner.

It is understood that North China rare Earth (Group) High-tech Co., Ltd. has a complete industrial chain of rare earth mineral processing, smelting, functional materials, deep processing and application products, and is a cross-regional, cross-ownership, multi-field high-tech enterprise group.

[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum

The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!

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