Shenghe Resources Holding Co.,Ltd. (ASX: 600392) has announced a projected substantial rise in its first-half net profit attributable to shareholders.
The company forecasts its net profit for the six-month period ending June 2026 to be in the range of 800 million to 930 million yuan.
This represents a significant year-on-year increase of between 112.25% and 146.75%.
The company attributes this strong performance to favorable market conditions within the rare earths sector.
Influenced by supportive industry policies and robust downstream demand, the market for key rare earth products has shown overall improvement.
The average selling prices for these products have risen considerably compared to the previous year.
By capitalizing on these market opportunities, optimizing its production and sales structure, and enhancing management efficiency and cost control, the company has successfully driven a major upturn in its financial results.
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