en.Wedoany.com Reported - On July 14, China Northern Rare Earth announced that it expects net profit attributable to the parent company for the first half of 2026 to be between RMB 1.980 billion and RMB 2.060 billion, representing a year-on-year increase of 112.74% to 121.33%.
In the first half of 2026, the company served the national rare earth resource strategy and fully implemented safety control requirements for the rare earth industry chain. Affected by factors such as supply constraints on the raw material side and sustained growth in downstream demand from multiple sources, rare earth product prices generally showed a strengthening trend with volatile movements. Focusing on its annual production and operation targets, Northern Rare Earth made comprehensive plans and implemented various measures, strengthening overall budget management, coordinating cost reduction, quality improvement, and efficiency enhancement, scientifically organizing production and scheduling, intensifying marketing operations, deepening reform and innovation, strengthening group management and risk control, promoting the deep integration of professional management, lean management, and 5S management with high quality, advancing key project construction, and accelerating the development of new quality productive forces through management and scientific research innovation, providing solid support and assurance for the company to achieve good operating results through strong industry chain value creation and core competitiveness.
The company scientifically refined its production organization and operations, with output of rare earth smelting and separation products, rare earth metal products, and new rare earth materials all reaching historical highs for the same period. The subsidiary Inner Mongolia Northern Rare Earth Magnetic Materials Co., Ltd. achieved operating revenue of approximately RMB 9.5 billion in the first half of the year, a year-on-year increase of about 107%, maintaining growth for three consecutive years. The first batch of 1,000 hydrogen-powered two-wheeled vehicles from the subsidiary Inner Mongolia Rare Earth Oko Hydrogen Storage Alloy Co., Ltd. was officially put into operation in Baotou City, with a cumulative safe mileage of 170,000 kilometers, demonstrating significant project demonstration results.
Northern Rare Earth adhered to internal and external benchmarking to tap into potential and strengthen refined management, with significant improvements in multiple economic and technical indicators. Targeted measures were implemented across various industrial sectors: the smelting and separation sector overcame new changes in production costs caused by rising raw material and auxiliary material prices, effectively controlled cost fluctuations, scientifically organized production and scheduling, and ensured new demands for product supply; the rare earth metal sector leveraged enhanced lean production concepts and utilized digital and intelligent means to further strengthen on-site process operation management, driving new breakthroughs in economic and technical indicators such as quality and material ratio; the new rare earth materials and application sector fully leveraged the advantages of new production capacity, precisely matched customer needs, and achieved new progress in promoting production through sales. Deepening industry chain synergy and linkage, the company solidified the foundation of downstream customer cooperation while ensuring stable product supply.
The company's key project construction was efficiently advanced, with continuous improvement in intelligence and informatization levels. Phase I of the rare earth green smelting and upgrading transformation project has been put into operation, with the production line fully connected, and Phase II construction progressing in an orderly manner. Projects such as mergers and acquisitions, joint ventures and cooperation, and capacity expansion and production increase in the rare earth metal, magnetic material alloy, magnet, and secondary resource utilization industry chains were accelerated. The secondary resource utilization project achieved volume growth and quality and efficiency improvement. The company's pace of digital and intelligent transformation accelerated, with continuous improvement in digital and intelligent levels.
