China Northern Rare Earth High-Tech (600111) H2 2025 earnings summary

Executive summary

• Achieved revenue of ¥42.56 billion, up 29.11% year-over-year; net profit attributable to shareholders reached ¥2.25 billion, up 124.17% year-over-year.

• Main products’ output and sales hit record highs; market share and industry position maintained at No.1.

• Completed major reforms, enhanced R&D, and advanced green, intelligent, and high-end transformation.

• Board proposes a cash dividend of ¥0.13 per share, totaling ¥469.96 million, representing 20.88% of net profit.

Financial highlights

• Operating income: ¥42.56 billion, up 29.11% year-over-year.

• Net profit attributable to shareholders: ¥2.25 billion, up 124.17% year-over-year.

• Gross margin for main rare earth products increased by 2.36 percentage points to 13.97%.

• Basic and diluted EPS: ¥0.6227, up 124.17% year-over-year.

• Net cash flow from operating activities: ¥1.11 billion, up 8.71% year-over-year.

Outlook and guidance

• 2026 revenue target set at over ¥44 billion, profit target at over ¥3.5 billion.

• Focus on expanding high-end, intelligent, and green production, and strengthening R&D and market competitiveness.

• Plans to accelerate digital transformation, optimize cost control, and enhance ESG management.