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Why Investors Shouldn't Be Surprised By China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) P/E
GTJA: "Rare earth small strengths" are hard to scale up, and the logic of "two new" strengthens the reversal.
The difficulty in increasing the output of rare earth "cockroaches", combined with the strengthening of the end market cycles by the "Two New" policies, has facilitated the second phase reversal of the rare earth magnetic materials Sector.
Northern Rare Earths: Northern Rare Earths 2024 Annual Performance Forecast
Northern rare earths 2024 annual performance forecast
Express News | China Northern Rare Earth Group High-Tech Sees 2024 Net Profit Down 54.4-59.9% Y/Y
China Northern Rare Earth (600111.SH): It is expected that the net income in 2024 will decrease by 54.41% to 59.9% year-on-year.
Gelonghui, January 22丨China Northern Rare Earth (600111.SH) announced that, according to preliminary estimates by the company's finance department, it is expected to achieve a net income attributable to the parent company's owners of 950 million yuan to 1080 million yuan for the fiscal year 2024. Compared to the same period last year (statutory disclosed data), this will decrease by 1290 million yuan to 1420 million yuan, representing a year-on-year decrease of 54.41% to 59.90%. It is also expected to achieve a net income attributable to the parent company's owners, excluding non-recurring gains and losses, of 820 million yuan to 950 million yuan for the fiscal year 2024, compared to the same period last year (statutory disclosed data.
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