The rapid expansion of new energy vehicles, industrial motors, humanoid robots, wind power, and the low-altitude economy is fueling sustained demand from downstream markets, creating fresh growth space for the rare earth industry. Capitalizing on these opportunities, China Northern Rare Earth(Group)High-Tech Co.,Ltd. (600111.SH), commonly known as 北方稀土, is leveraging its resource advantages, comprehensive supply chain layout, and integrated management systems to build a full-element, full-category, and full-chain rare earth industrial system. This strategy is accelerating the extension of rare earth resources into high-end new materials and end-use applications.
In the first half of 2026, the company reported operating revenue of 25.799 billion yuan, a year-on-year increase of 36.75%, and total profits of 2.98 billion yuan, up 94.37%. Net profit attributable to shareholders reached 2.053 billion yuan, surging 120.46% year-on-year. Both revenue and profit ranked first in the industry, underscoring the resilience and core competitiveness of this sector leader.
In recent years, 北方稀土 has anchored its strategy to national priorities, focusing on emerging tracks such as new energy, high-end equipment, and artificial intelligence. The company is driving the high-value utilization of all rare earth elements and categories, pushing the industry toward higher-value downstream applications. Based on its resource characteristics and industrial layout, it has established end-use applications including magnetic materials for rare earth permanent magnet motors and hydrogen storage materials for hydrogen-powered two-wheelers. Its rare earth magnetic material production capacity ranks among the top globally, and its hydrogen storage material sales and production volumes lead domestically. Products cover wind power permanent magnet components, supporting magnetic materials for new energy vehicles, and hydrogen storage alloys for energy storage, helping transform China's rare earth advantages from resource-based to industry-based.
The company is advancing an innovation-driven development strategy, deploying innovation chains around its industrial chain. It is tackling key technologies in green smelting, high-end magnetic materials, hydrogen storage equipment, and permanent magnet motors. An incubation system spanning research, pilot testing, and industrialization is converting laboratory results into mass-produced new energy market products. Smelting recovery rates continue to improve, and several new materials and equipment are now independently controllable.
The company independently developed a new high-capacity La-Y-Ni hydrogen storage alloy, achieving breakthroughs in both storage capacity and cycle life. Its rare earth flame retardant modifier has completed industrial-scale breakthroughs, expanding rare earth applications in new energy auxiliary additives. In high-efficiency energy-saving equipment, it completed full-process independent manufacturing of 2.2kW and 1.1kW rare earth permanent magnet motors, suitable for wind power equipment, industrial energy conservation, and new energy systems. Demonstrations in hydrogen energy have produced tangible results, with the first 1,000 "稀小氢" rare earth hydrogen-powered two-wheelers now in commercial pilot operation, accumulating valuable experience for commercializing solid-state hydrogen storage.
Beyond current operations, 北方稀土 is proactively positioning for future frontiers. The company applied for and hosted a national senior training program on "Applications of Rare Earth New Materials and Products in Embodied Intelligence and Low-Altitude Economy." The program focuses on leveraging rare earth materials in these sectors, innovating material development paradigms, and advancing digital and intelligent R&D. Participants exchanged insights on the latest domestic and international research findings, intelligent design methods for rare earth materials, development platforms, and typical applications, pooling intellectual resources to secure a position in future industries.
Additionally, the foundation-laying ceremony for a high-level rare earth science and technology innovation platform project was held. This project involves a systematic upgrade of existing research infrastructure at the Baotou Research Institute of Rare Earths, enhancing basic research, key technology development, and result commercialization capabilities. The goal is to establish a national-level rare earth science and technology hub, providing solid platform support for breakthroughs and industrial transformation.
Synergy between talent cultivation and platform construction creates an innovation ecosystem where frontier R&D integrates deeply with industrial application. This positions the company strongly to seize future emerging industry opportunities and cultivate new quality productive forces. Looking ahead, 北方稀土 will continue deepening its engagement in new energy, hydrogen energy storage, embodied intelligence, and other emerging sectors. By organizing research around all elements and categories, it aims to enrich the supply of high-end rare earth materials and terminal products, refine its complete industry chain, and consolidate its role as a world-class rare earth leader and main force in building the "Two Rare Earth Bases."
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