China Northern Rare Earth (Group) High-Tech Co., Ltd. (600111.SH) has issued an announcement stating that the company expects to achieve a net profit attributable to owners of the parent company of 3.62 billion yuan to 3.68 billion yuan for the first three quarters of 2026, representing a year-on-year increase of 134.95% to 138.84%.
During the January-September period of 2026, the company served the national rare earth resource strategy and the construction of a new energy system, and fully implemented the safety control requirements for the rare earth industrial chain. Affected by a combination of factors including supply constraints on the raw material side of the market and the release of demand from multiple downstream sectors such as new energy and high-end equipment, prices of major rare earth products generally showed a high-level fluctuation trend.
The company closely adhered to its annual production and operation targets, coordinated and pushed forward various operational tasks, strengthened comprehensive budget management, and deepened cost reduction, quality improvement, and efficiency enhancement. It strengthened marketing operations and scientifically organized production scheduling. It reinforced group management and risk prevention and control, deepened reform and innovation, and integrated the advancement of sustainable development, compliance, lean management, safety, and other management work. It accelerated the construction of key projects, cultivated new quality productive forces through technological innovation, and the coordinated advantages of the entire industrial chain continued to be unleashed, strongly supporting the company's significant year-on-year growth in operating performance for the first three quarters.
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