en.Wedoany.com Reported - China Rare Earth (Hunan) Nonferrous Metals Co., Ltd. (referred to as "China Rare Earth Nonferrous") released its performance forecast for the first half of 2026 on July 13, 2026, expecting a net profit attributable to shareholders of the listed company of RMB 370 million to RMB 430 million, representing an increase of 10.35% to 493.11% compared to the same period last year. The company's net profit for the second quarter of 2026 is expected to be RMB 199 million to RMB 259 million, a sequential increase of 16% to 51%.
China Rare Earth Nonferrous is a core enterprise under China Rare Earth Group, a central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. It is primarily engaged in the mining, beneficiation, separation, smelting, and production and sales of rare earth functional materials, and is one of the key players in the heavy rare earth separation and processing sector in China. The company's products include high-value rare earth oxides such as praseodymium neodymium oxide, dysprosium oxide, and terbium oxide, as well as rare earth metals, which are widely used in downstream industries such as permanent magnet materials, catalytic materials, hydrogen storage materials, and new energy batteries.
The performance change is mainly attributed to shifts in the supply-demand dynamics of the rare earth industry in the first half of 2026, with year-on-year price increases for major rare earth products. By innovating an integrated business model, coordinating the procurement of rare earth raw materials for separation plants and the market sales of all products, and dynamically adjusting the product output structure based on market supply and demand changes, the company significantly enhanced the operational value of its rare earth core business. Additionally, notable progress was made in managing loss-making enterprises, and investment income from associated companies also increased.
The rare earth industry's prosperity continued to recover in the first half of 2026, with prices of major rare earth products such as praseodymium neodymium oxide steadily rising. Demand from emerging downstream sectors like new energy vehicles, wind power, and robotics maintained rapid growth. According to industry data, the average price of praseodymium neodymium oxide in the first half of 2026 increased by approximately 25% to 30% compared to the same period in 2025, while prices of heavy rare earth products such as dysprosium oxide and terbium oxide also rose in tandem. The combination of product price recovery and improved operational efficiency drove the substantial performance growth.
China Rare Earth Nonferrous stated that it will closely monitor fluctuations in rare earth product prices, flexibly adjust its business strategies, and ensure the stable operation of its core business. Due to uncertainties in the market environment, actual operating results may still vary, and investors should be mindful of related risks.
