In 2024, Northern Rare Earth achieved operating revenue of 32.966 billion yuan, a year-on-year decrease of 1.58%; net profit attributable to the parent company was 1.004 billion yuan, a year-on-year decrease of 57.64%; net profit after deducting non-recurring items was 901 million yuan, a year-on-year decrease of 61.12%; basic earnings per share was 0.28 yuan, a year-on-year decrease of 57.64%. At the end of the reporting period, the total assets were 45.381 billion yuan, a year-on-year increase of 12.06%; the net assets attributable to the parent company were 22.432 billion yuan, a year-on-year increase of 3.76%.

In 2024, affected by market supply and demand factors such as weak global economic growth and lower-than-expected growth in downstream demand, the prices of major rare earth products represented by praseodymium-neodymium rare earth products generally showed a volatile downward trend. The average price decreased year-on-year, and the overall performance of the rare earth market was weak. According to the statistics of CTIA GROUP LTD, in 2024, the price of praseodymium oxide in China decreased by approximately 9.57%, the price of neodymium oxide decreased by approximately 10.99%; the price of praseodymium-neodymium oxide decreased by approximately 11.11%, the price of praseodymium-neodymium metal decreased by approximately 8.89%, the price of terbium oxide decreased by approximately 26.45%, the price of dysprosium oxide decreased by approximately 36.86%, and the price of dysprosium-iron alloy decreased by approximately 35.71%.

Facing the unfavorable market situation of the decline in rare earth product prices, Northern Rare Earth has made overall plans and implemented comprehensive measures at all levels and in all links of production and operation around the annual production and operation targets. It has aimed at the goals, overcome difficulties and forged ahead, striving to reduce the impact of unfavorable factors on the company, and achieved new results in high-quality development.

The production and sales volume of Northern Rare Earth's main products reached new highs; although the revenue and profit decreased year-on-year, its operating performance remained at the leading level in the rare earth industry; the capacity utilization rate and market share were further increased; the processing cost per ton of rare earth decreased by 5.1% year-on-year; key construction projects and industrial chain mergers and acquisitions were orderly promoted, and the first phase of the new-generation green mining, separation and smelting and upgrading project of rare earth green smelting invested and constructed by the company was completed and put into operation; it has accelerated the transformation and upgrading towards high-end, digital intelligence and green development, deepened reform and innovation, promoted the improvement of management such as ESG, increased investment in research and development, optimized the scientific research system and mechanism, strengthened performance assessment and risk prevention and control, accelerated the construction of the "Two Rare Earth Bases", made overall plans and implemented comprehensive measures to continuously improve the quality and efficiency of the company's high-quality development, laying a solid foundation for acting as the main force in the construction of the "Two Rare Earth Bases", completing the closing work of the "14th Five-Year Plan" period, and building itself into a world-class leading enterprise in the rare earth industry.

如您對相關產品感興趣或想銷售您的產品，請聯系我們：