China Rare Earth Nonferrous Metals Co.,Ltd. (600259.SH) has released its 2026 third quarter report, showing that in the first three quarters the company achieved operating revenue of RMB 3.685 billion, down 20.47% year on year.
Net profit attributable to shareholders of the listed company reached RMB 752 million, up 489.24% year on year.
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 725 million, up 360.06% year on year.
Basic earnings per share stood at RMB 2.23.
In the first three quarters, the main reasons for the year-on-year increase in net profit attributable to the parent company were as follows. First, the rare earth market overall rose in 2026, and the company strengthened market analysis and further coordinated procurement and sales across its rare earth business, steadily improving the performance of rare earth products and achieving expected profits. At the same time, it continued to strengthen the management of loss-making enterprises, and losses at those enterprises narrowed year on year. Second, the company's associate Dabaoshan Company maintained stable and high production, with production, sales volume and prices of copper, sulfur and tungsten products all achieving year-on-year growth, increasing the enterprise's profitability and raising the amount of investment income the company recognized under the equity method.
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