Northern rare earths: net profit rose 21.56% in the first three quarters from a year earlier

SMM: on October 25, China Northern rare Earth (Group) High-tech Co., Ltd. ("Northern rare Earth", 600111), China's largest rare earth supplier, released a report for the third quarter of 2019. The company's operating income in the first three quarters was 14.085 billion yuan, an increase of 51.18% compared with the same period last year. The net profit attributable to shareholders of listed companies was 461 million yuan, an increase of 21.56% over the same period last year. Basic earnings per share were 0.1269 yuan per share, an increase of 22.02 percent over the same period last year.

According to the unaudited production and operation data disclosed at the same time, the production of rare earth oxides, rare earth salts, rare earth metals, magnetic materials, polishing materials and hydrogen storage materials in the third quarter was 5258.00 tons, 13804.60 tons, 2721.81 tons, 6313.80 tons, 5575.02 tons and 421.39 tons respectively, and the sales volume was 3473.48 tons, 11966.19 tons, 3324.14 tons, 6535.44 tons, 6139.49 tons and 473.83 tons, respectively. The gross profit margins were 26.26%, 26.69%, 26.34%, 13.08%, 22.12% and 5.28%, respectively.

"Click to sign up for a thousand people event in China's non-ferrous metals industry.

Share the China Nonferrous Metals Industry Annual meeting registration link to the circle of friends or WeChat group of more than 100 people, and send screenshots to the WeChat account below to get the right to view "SMM Metal Breakfast" for one year (the original price is 300 yuan / year).

Scan QR code plus WeChat