600111 China Northern Rare Earth
- 19.80
- -0.36-1.79%
China Northern Rare Earth News
Northern Rare Earths (600111): The listed price of praseodymium rose for the first time in nearly 8 months, and downstream demand continued to recover
Event: On May 6, 2024, the official website of Northern Rare Earth published the May rare earth product listing price. Comment: The price of lanthanum and persimmon remained flat month-on-month, and the listed price of praseodymium rose for the first time in nearly 8 months. The prices of lanthanum oxide and cerium oxide in May were 0, respectively
China Northern Rare Earth (Group) High-TechLtd's (SHSE:600111) 15% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
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Express News | Northern Rare Earths: China Innovation Center and Hydrogen Storage Battery Company jointly hosted a rare earth solid state hydrogen storage device promotion conference
The rare earth permanent magnet sector soared in the short term, with Galaxy Magnets, Zhongke Magnetic, Northern Rare Earths, and Earth Bear showing the highest gains.
The rare earth permanent magnet sector soared in the short term, with Galaxy Magnets, Zhongke Magnetic, Northern Rare Earths, and Earth Bear showing the highest gains.
Guojin Securities: Northern Rare Earth (600111.SH) raised its listing price for the first time in half a year to increase industry confidence
Since the price of neodymium oxide peaked and fell in early 2022, the overall listing price of rare earths in the North has declined or remained flat. It only rebounded in September-October '23; this increase is the first time since November '23, which is of great significance in boosting industry confidence.
Changes in Hong Kong stocks | China's rare earths (00769) rose more than 4%, and the listing price increase in northern rare earths is expected to boost industry confidence
The Zhitong Finance App learned that China's rare earths (00769) rose by more than 4%. As of press release, it had risen 4.23% to HK$0.37, with a turnover of HK$1.023,000. According to the news, Northern Rare Earth recently announced the listing prices of rare earth products for May 2024, and the prices of many rare earth products have risen month-on-month. Among them, praseodymium oxide reported 393,200 yuan/ton, up 7.52% from April 2024; neodymium oxide reported 401,500 yuan/ton, up 7.35% from April 2024; and praseodymium metal reported 488,000 yuan/ton, up 7.25 month-on-month from April 2024
The small metal sector fluctuated strongly. The Yunnan germanium industry rose or stopped, China Tungsten Hi-Tech rose more than 5%, and Huaxi Nonferrous, Hanrui Cobalt, and Northern Rare Earths followed suit.
The small metal sector fluctuated strongly. The Yunnan germanium industry rose or stopped, China Tungsten Hi-Tech rose more than 5%, and Huaxi Nonferrous, Hanrui Cobalt, and Northern Rare Earths followed suit.
The rare earth permanent magnet sector began to rise. Galaxy Magnets rose more than 5%, while Northern Rare Earths, Earthbear, Shenghe Resources, China Rare Earths, and Zhongke Magnetic have followed suit.
The rare earth permanent magnet sector began to rise. Galaxy Magnets rose more than 5%, while Northern Rare Earths, Earthbear, Shenghe Resources, China Rare Earths, and Zhongke Magnetic have followed suit.
Northern Rare Earths (600111) 2023 Annual Report and 2024 Quarterly Report Review: Continued target increases and waiting for rare earth prices to pick up to drive profit improvement
Incident: The company's net profit to mother in 2023 was 2.37 billion yuan, -60.4% year-on-year, after deducting non-net profit of 2.32 billion yuan, -62.6% year on year; the company's net profit to mother in the first quarter of 2024 was 52 million yuan, year-on-year
Express News | Northern Rare Earth Magnetic Materials Company set a record for the highest production and sales in a single month in April
Northern Rare Earth (600111): 24Q1 performance is under pressure, and the company's profit inflection point can be expected
Net profit attributable to mother decreased by -94.35% year on year in 24Q1. Maintaining increased holdings, the rating company achieved revenue of 5.762 billion yuan (yoy -37.59%, qoq -32.80%) in Q1 of 2024, and net profit of 5
Express News | Northern rare earths: net profit for the first quarter of 2024 fell 94.35% year on year
Northern Rare Earth (600111): Current industry performance plummeted in Q1, focus on the company's volume in the second half of the year
Core view: Q1 net profit of 52 million yuan to mother. According to the company's quarterly report, 24Q1 achieved operating income of 5.762 billion yuan, a year-on-year decrease of 37.59% and a month-on-month decrease of 32.80%; net profit to mother of 0.5
Northern rare earths: Recently, the rare earth market price has risen by about 10%, and the company's upstream raw materials industry production line is producing at full capacity
At the 2023 Shanghai Main Board Traditional Industry Group Performance Briefing held this afternoon, Qu Yedong, general manager of Northern Rare Earths, said in response to investors' questions, “Due to market supply and demand, product prices in the rare earth market have recently rebounded at a low level, fluctuating slightly upward, with an increase of around 10%. In addition to new production lines under construction or commissioning, the company's upstream raw materials industry production lines are at full capacity. The downstream functional materials industry is affected by market factors, and the capacity utilization rate is lower than that of the raw materials industry.”
Express News | Northern Rare Earths established a renewable resources subsidiary with 100 million yuan
Northern Rare Earths (600111): Falling rare earth prices dragged down performance, year-on-year improvement in asset impairment losses throughout the year
Incident: The company achieved operating income of 33.497 billion yuan in 2023, a year-on-year decrease of 10.1%; realized net profit attributable to shareholders of listed companies of 2,371 billion yuan, a year-on-year decrease of 60.38%. Distribution per 10 shares
Research Report Nuggets丨Huatai Securities: Maintaining the “gain” rating of rare earths in the North, rare earth prices are picking up
Gelonghui, April 19 | Huatai Securities Research Report indicates that the 23-year performance of Northern Rare Earth (600111.SH) is under pressure, and rare earth prices are picking up, maintaining an “increase” rating and target price of 20.25 yuan. Net profit returned to mother in '23 was 2,371 billion yuan, YOY -60.38%. The sharp decline in profit was mainly due to the drop in rare earth prices in '23. As the growth rate of rare earth issuance indicators slowed in '24, the relationship between supply and demand improved. The company accelerated the construction of downstream production capacity for rare earth permanent magnets, and achieved an integrated layout. The company simultaneously expanded the production capacity layout on the raw material side and the downstream magnetic material side. According to the company announcement, the company purchased sparingly in 24Q2
Northern Rare Earths (600111): Under pressure from 23-year performance, rare earth prices are picking up
Net profit to mother decreased by 60.38% year on year in '23. Maintaining increased holdings, rating companies achieved operating income of 33.497 billion yuan, yoy -10.10% in '23; net profit to mother of 2,371 billion yuan, yoy-60.
Northern Rare Earth (600111): Benefiting from rising prices, net profit to mother increased by 205% in Q4
Core view: Q4 net profit to mother increased by 205%. According to the company's annual report, in '23, the company achieved revenue of 33.5 billion yuan, a decrease of 10%, and net profit of 2.4 billion yuan to mother (performance forecast range of 21.7-2.33 billion yuan).
Express News | Northern rare earths: net profit of 2.37 billion yuan in 2023 fell 60.38% year on year
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