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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.
China Northern Rare Earth (600111.SH): In the first quarter of 2025, the trading price of rare earth concentrates will be adjusted to 18,618 yuan/ton, excluding tax.
On January 9, Gelonghui reported that China Northern Rare Earth (600111.SH) announced that, based on the pricing method for rare earth concentrates and the prices for rare earth oxides in the fourth quarter of 2024, it has been calculated and approved by the company's first general manager office meeting in 2025 that the trading price of rare earth concentrates in the first quarter of 2025 will be adjusted to 18,618 yuan/ton excluding tax (dry weight, REO=50%), and for every 1% increase or decrease in REO, the price will increase or decrease by 372.36 yuan/ton.
China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Big changes! China Northern Rare Earth cancels the listing price and adopts the real-time Quote from the Rare Earth Exchange. Is the Trade for rare earth prices based on the "Baotou Index" being put on the agenda?
① Starting from January 2025, China Northern Rare Earth will no longer publish listed prices, and future long-term contract prices will use the real-time Quote from the Rare Earth Exchange; ② The Rare Earth Exchange will collect prices, and the landscape of rare earth Quote merchants will undergo a "major reshuffle," and the related Trade prices of rare earth concentrates may also change; ③ China Northern Rare Earth adopting the Quote from the Rare Earth Exchange is more fundamentally aimed at creating a rare earth price trading "Baotou Index."
FaqnDeath99 : Very nice and thorough, thank you