[Breaking News: China Northern Rare Earth: H1 Net Profit 931 Million Yuan, Up 1951.52% YoY] On August 26, China Northern Rare Earth (600111) announced that in the first half of the year, it achieved a revenue of 18.866 billion yuan, up 45.24% YoY; net profit attributable to shareholders of the publicly listed firm was 931 million yuan, up 1951.52% YoY; and net profit after excluding non-recurring gains and losses was 897 million yuan, up 5644.93% YoY. The net cash flow from operating activities was 925 million yuan, surging 1251.81% YoY.

During the reporting period, the production of the company's rare earth smelting and separation products, rare earth metal products, and rare earth functional materials all reached record highs for the same period, with the production of rare earth metal products up 28.10% YoY and the production of rare earth functional materials up 16.65% YoY. Sales of rare earth lanthanum-cerium products and Pr-Nd products both hit record highs, with sales of rare earth metal products up 32.33% YoY and sales of rare earth functional materials up 17.93% YoY.