Chiang Northern Rare Earth (Group) Hi-tech Co announced on July 9 that the company is expected to achieve a net profit attributable to the parent company's shareholders of 900 million ($125.55 million) to 960 million yuan in the first half of 2025, a year-on-year increase of 1,882.54 percent to 2,014.71 percent. The net profit after deducting non-recurring gains and losses is expected to reach 880 million to 940 million yuan, an increase of 5538.33 percent to 5922.76 percent year-on-year.

As a leading enterprise in the rare earth industry, China Northern Rare Earth (Group) Hi-tech Co seized the favorable conditions for market stabilization and improvement in the first half of the year. Anchoring the annual production and operation targets, it overcame difficulties and made vigorous progress, accelerating the construction of a new development pattern, and demonstrating new achievements in the construction of the "two rare earth bases", achieving new results in high-quality development.

The company has established a complete industrial chain for rare earth smelting separation, functional materials, and terminal applications. It has coordinated efforts in various aspects of production and operation management, strengthened comprehensive budget management, reduced costs, improved quality and efficiency, and promoted scientific research and management innovation, laying a solid foundation for significant growth in operating performance and leading the sustainable and high-quality development of the rare earth industry.