On October 17, Rising Nonferrous Metals (600259.SH) issued a preliminary earnings forecast for the first three quarters of 2025, projecting an increase in profit.

The company expects net profit attributable to shareholders of the publicly listed firm for the first three quarters of 2025 to be in the range of 100 million yuan to 130 million yuan, representing a YoY turnaround from losses to profits with an increase of 376 million yuan to 406 million yuan. It also forecasts net profit attributable to shareholders of the publicly listed firm after deducting non-recurring gains and losses for the first three quarters of 2025 to be between 121 million yuan and 151 million yuan, a YoY increase of 405 million yuan to 435 million yuan.

The announcement stated that the rare earth market generally experienced an upward trend during the first three quarters of 2025. The company seized market opportunities by expanding production scale at its separation enterprises, strengthened market analysis, coordinated enterprise management, enhanced synergy in upstream and downstream marketing operations, innovated marketing models, and adjusted its trade structure. As a result, both the production and sales volumes of rare earth smelting and separation as well as rare earth permanent magnets achieved varying degrees of growth, leading to the expected profits.