China Rare Earth Resources And Technology (000831) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 6.52% YoY to RMB2.657bn; net profit attributable to shareholders increased 112.37% to RMB408.1m.

• Q3 revenue increased 63.19% YoY to RMB1.011bn, and attributable net profit rose 461.73% to RMB171.2m.

Financial highlights

• 9M operating revenue was RMB2.657bn, up 6.52% YoY; operating costs fell 6.36% to RMB2.004bn.

• 9M attributable net profit was RMB408.1m, up 112.37%; adjusted net profit was RMB410.7m, up 123.07% YoY.

• Q3 attributable net profit was RMB171.2m, up 461.73% YoY; adjusted net profit was RMB170.3m, up 477.12%.

• 9M income tax expense increased 203.50% YoY to RMB114.7m, reflecting higher profit.

Segment performance

• Rare-earth metal product sales volume declined YoY; changes in procurement, sales strategy, product mix and trade-business layout contributed to lower operating costs.

• Sales efforts targeting hard-to-sell and slow-moving products increased, alongside higher prices for some rare-earth products.