China Northern Rare Earth High-Tech (600111) H2 2024 earnings summary
Event summary combining transcript, slides, and related documents.
H2 2024 earnings summary
17 Dec, 2025Executive summary
Revenue for 2024 was RMB 32.97 billion, down 1.58% year-over-year; net profit attributable to shareholders fell 57.64% to RMB 1.00 billion.
Operating profit decreased 40.91% and total profit dropped 41.34% compared to the previous year.
Despite lower profits, main product output and sales reached new highs, and the company maintained a leading position in the rare earth industry.
Financial highlights
Operating income: RMB 32.97 billion, down 1.58% year-over-year.
Net profit attributable to shareholders: RMB 1.00 billion, down 57.64% year-over-year.
Basic EPS: RMB 0.2778, down 57.64% year-over-year.
Total assets at year-end: RMB 45.38 billion, up 12.06% from the start of the year.
Net assets per share: RMB 6.21, up 3.76% year-over-year.
Outlook and guidance
Focus on high-quality development, digital and green transformation, and strengthening ESG management.
Continued investment in R&D and performance management to support long-term growth.
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