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China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Sheds CN¥2.0b, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
Q2 turns from profit to loss, China Northern Rare Earth: It is expected that Q3 earnings will improve slightly compared to the previous quarter | Direct hit on the earnings conference
1. In the first half of this year, China Northern Rare Earth's revenue and total profit only achieved 30.21% and 7.77% of the annual plan, respectively, with a year-on-year loss in Q2 compared to profit. 2. The company revealed that since the third quarter of this year, there has been a noticeable improvement in downstream consumer sector orders compared to the second quarter, with a simultaneous increase in sales of main products. 3. In the later period, as the market situation improves, the signs of impairment of the company's products will gradually diminish, and it is expected that the gross margin will improve month-on-month in the third quarter.
Hong Kong stocks unusual movement: jl mag rare-earth (06680) rose more than 3% in the afternoon, and China Northern Rare Earth raised the listing price. It is expected that the supply and demand of the industry will improve significantly in the second hal
jl mag rare-earth (06680) rose more than 3% in the afternoon, as of the time of publication, up 3.13%, at 5.28 Hong Kong dollars, with a turnover of 1.0792 million Hong Kong dollars.
The price of China Northern Rare Earth has been raised by nearly 5% on the listed price! The expected improvement in the supply and demand situation in the industry is expected to bring the price of praseodymium-neodymium oxide back to 0.44 million yuan/t
① PrNd oxide has reached the price of 0.4 million yuan/ton again, coupled with the slowing growth of the second batch of rare earth indicators this year, the rare earth industry is regaining confidence; ② In September, the listing price of several rare earth products in Northern Rare Earth increased by nearly 5% month-on-month, which is also the second time this year that the company's listing price has been "high"; ③ Analysts believe that the future rare earth prices are expected to stabilize, and it is expected that this wave of rare earth price increases will reach about 0.44 million yuan/ton.
China Northern Rare Earth's Rare Earth Oxide Sales Rise in H1, Q2 Despite Output Drop
Full text of the 2024 Semi-Annual Report on Northern Rare Earths
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