China Northern Rare Earth Reports Strong First-Half Profit Surge of 120%

Stock News08-19

China Northern Rare Earth (Group) High-Tech Co., Ltd. (600111.SH) has announced its financial results for the first half of 2026, revealing a substantial increase in profitability.

During the reporting period, the company achieved operating revenue of RMB 25.799 billion, marking a year-on-year growth of 36.75%.

Net profit attributable to shareholders of the listed company reached RMB 2.053 billion, representing a significant surge of 120.46% compared to the same period last year.

Furthermore, net profit attributable to shareholders, excluding non-recurring gains and losses, stood at RMB 2.051 billion, up 128.79% year-on-year.

Basic earnings per share for the period were reported at RMB 0.5679.

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