证券代码：600111 证券简称：北方稀土 公告编号：2024—057 中国北方稀土（集团）高科技股份有限公司 第八届董事会第四十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国北方稀土（集团）高科技股份有限公司（以下简称公司）于 2024 年 12 月 6 日以通讯表决方式召开了第八届董事会第四十七次会 议。会议应参会董事 14 人，实际参会董事 14 人。会议召开程序符 合《中华人民共和国公司法》、公司《章程》和《董事会议事规则》 的规定。 二、董事会会议审议情况 （一）通过《关于变更会计师事务所的议案》； 公司董事会审计委员会于本次董事会前召开会议，对本议案进行 了审议，全体委员一致同意本议案并提交本次董事会审议。 （二）通过《关于提请召开 2024 年第三次临时股东大会的议案》； 表决结果：同意 14 票，反对 0 票，弃权 0 票。 三、备查文件 （一）公司第八届董事会第四十七次会议决议； （二）公司董事会审计委员会 2024 年第八次会议决议。 特此公告 1 证券代码： ...

证券代码：600111 证券简称：北方稀土 公告编号：2024—059 中国北方稀土（集团）高科技股份有限公司 关于变更会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●拟聘任的会计师事务所名称：利安达会计师事务所（特殊普通 合伙，以下简称利安达）。 ●原聘任的会计师事务所名称：致同会计师事务所（特殊普通合 伙，以下简称致同所）。 ●变更会计师事务所的简要原因：根据财政部、国务院国资委、 证监会《国有企业、上市公司选聘会计师事务所管理办法》对上市公 司聘任同一会计师事务所的服务年限规定，中国北方稀土（集团）高 科技股份有限公司（以下简称公司）综合考虑未来经营发展和年度财 务报告及内部控制审计服务需求，拟变更会计师事务所。 本次变更不存在已委托原会计师事务所开展部分审计工作后解 聘情况。公司已就本次变更会计师事务所事项与前后任会计师事务所 进行了充分沟通，各方均已明确知悉本事项并确认无异议。前后任会 计师事务所将按照《中国注册会计师审计准则第1153号——前任注册 会计师和后任注册会计师的沟通 ...

证券代码：600111 证券简称：北方稀土 公告编号：2024-055 中国北方稀土（集团）高科技股份有限公司 第八届监事会第四十三次会议决议公告 本公司监事会及全体监事保证本公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 三、备查文件 公司第八届监事会第四十三次会议决议。 特此公告 中国北方稀土（集团）高科技股份有限公司 监 事 会 2024 年 11 月 22 日 中国北方稀土（集团）高科技股份有限公司（以下简称公司）于 2024 年 11 月 20 日下午以通讯表决方式召开了第八届监事会第四十 三次会议。会议应参会监事 6 人，实际参会监事 6 人。会议召开程序 符合《中华人民共和国公司法》、公司《章程》和《监事会议事规则》 的规定。 二、监事会会议审议情况 通过《关于投资参股组建内蒙古包钢鑫能源有限责任公司的关联 交易议案》； 表决结果：同意 6 票，反对 0 票，弃权 0 票。 ...

证券代码：600111 证券简称：北方稀土 公告编号：2024—056 ●本次交易属于公司董事会决策权限范围，无需提交公司股东大 会审议批准 ●公司本次投资不会对公司经营成果、财务状况产生重大影响， 1 证券代码：600111 证券简称：北方稀土 公告编号：2024—056 不存在损害非关联股东利益情形，不会产生同业竞争，不涉及公司管 理层变动、人员安置、土地租赁等情况。公司现与包钢（集团）公司 及其子公司发生能源类日常关联交易，本次投资完成后，公司将转为 与新公司发生。本次投资符合公司发展战略规划，符合公司及全体股 东利益，具有必要性和可行性，整体风险可控。 中国北方稀土（集团）高科技股份有限公司 关于投资参股组建内蒙古包钢鑫能源有限责任公司的 关联交易公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●中国北方稀土（集团）高科技股份有限公司（以下简称公司） 拟以实物资产及货币资金出资与公司控股股东包头钢铁（集团）有限 责任公司〔以下简称包钢（集团）公司〕、包钢（集团）公司控股子 公司内蒙古包钢钢联股份有限 ...

证券代码：600111 证券简称：北方稀土 公告编号：2024—054 中国北方稀土（集团）高科技股份有限公司 第八届董事会第四十六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国北方稀土（集团）高科技股份有限公司（以下简称公司）于 2024 年 11 月 20 日下午以通讯表决方式召开了第八届董事会第四十 六次会议。会议应参会董事 14 人，实际参会董事 14 人。会议召开程 序符合《中华人民共和国公司法》、公司《章程》和《董事会议事 规则》的规定。 二、董事会会议审议情况 三、备查文件 （一）公司第八届董事会第四十六次会议决议； 公司董事会战略与 ESG 委员会于本次董事会前召开会议，对本议 案进行了审议，关联委员刘培勋、瞿业栋、白宝生、张庆峰、吴永钢、 宋泠回避了表决，其他非关联委员一致同意本议案并提交本次董事会 审议。 公司独立董事于本次董事会前召开独立董事专门会议，对本议案 进行了审议，全体独立董事一致同意本议案并提交本次董事会审议。 表决结果：关联董事刘培勋、瞿业栋、张庆 ...

Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 21.56 billion CNY, a year-on-year decrease of 13.50% [4] - The net profit attributable to shareholders was 405 million CNY, down 70.64% year-on-year [4] - In Q3 2024, the company reported operating revenue of 8.57 billion CNY, a year-on-year increase of 1.54% and a quarter-on-quarter increase of 18.56% [4] - The net profit for Q3 was 360 million CNY, up 10.94% year-on-year and an increase of 367 million CNY quarter-on-quarter [4] Market Conditions - The rare earth market has shown weak performance due to lower-than-expected downstream demand [4] - Prices for major rare earth products have generally trended downward, but there has been a recovery in Q3 with steady price increases [4] - The price of lanthanum products decreased due to oversupply, while cerium products stabilized due to demand in magnetic materials [4] Production and Sales - In the first three quarters, the production of rare earth smelting and separation products increased by 12.95%, and rare earth metal products rose by 39.46% [6] - Sales of rare earth smelting and separation products grew by 20.45%, while rare earth metal product sales increased by 27.90% [6] - The overall capacity utilization rate is above 80% [10] Cost Management - The company has reduced processing costs by 5.35% compared to the previous year [8] - The financing cost of interest-bearing liabilities decreased by 15 basis points year-on-year [8] ESG Initiatives - The company has established a three-tier ESG management structure to enhance sustainability practices [12] - The ESG rating improved from "BBB" to "A" in the Wind ESG rating system, ranking 8th in the metals, non-metals, and mining industry [14] - The company received the "Five-Star Gold Award" for social responsibility from the China Manufacturing Industry [14] Future Outlook - The company is optimistic about the long-term demand for rare earths, driven by the recovery of the economy and supportive regulations [10] - The production capacity for magnetic materials is being enhanced through joint ventures and acquisitions [18] - The company is actively seeking partnerships to expand its presence in downstream applications [18]

Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 21.56 billion CNY, a year-on-year decrease of 13.50% [4] - The net profit attributable to shareholders was 4.05 billion CNY, down 70.64% year-on-year [4] - In Q3 2024, the company reported operating revenue of 8.57 billion CNY, an increase of 1.54% year-on-year and 18.56% quarter-on-quarter [4] - The net profit for Q3 2024 was 360 million CNY, up 10.94% year-on-year and an increase of 367 million CNY quarter-on-quarter [4] Market Conditions - The rare earth market has shown weak performance due to lower-than-expected downstream demand [4] - Prices for major rare earth products have generally trended downward, but there has been a recovery in Q3 2024 [4] - The price of praseodymium and neodymium products has stabilized due to increased downstream orders and controlled mining quotas [6] Production and Sales - In the first three quarters of 2024, the production of rare earth smelting and separation products increased by 12.95% year-on-year [6] - The production of rare earth metal products rose by 39.46%, and functional materials increased by 21.35% [6] - Sales of rare earth smelting and separation products grew by 20.45%, while metal products and functional materials saw increases of 27.90% and 19.65%, respectively [6] Cost Management and Efficiency - The company has focused on cost reduction and efficiency improvement, achieving a 5.35% reduction in processing costs compared to the previous year [8] - The company is implementing new technologies and processes to enhance production efficiency and reduce costs [8] ESG Initiatives - The company has established an ESG management framework to promote sustainable development and enhance corporate governance [24] - The company received an upgrade in its ESG rating from "BBB" to "A" and ranked 8th in the metals, non-metals, and mining industry [28] - The company aims to integrate ESG principles into its operational management to enhance value creation and investment appeal [28]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 21.56 billion yuan for the first three quarters of 2024, a year-on-year decrease of 13.50%, with a net profit attributable to shareholders of 405 million yuan, down 70.64% year-on-year. In Q3 2024, the revenue was 8.57 billion yuan, an increase of 18.56% quarter-on-quarter and 1.54% year-on-year, with a net profit of 360 million yuan, up 10.94% year-on-year [2] - The company achieved significant growth in production and sales across various product categories during the reporting period. The production of rare earth smelting and separation products increased by 12.95% year-on-year, rare earth metal products by 39.46%, and rare earth functional materials by 21.35%. Sales also saw substantial growth, with smelting and separation products up 20.45%, metal products up 27.90%, and functional materials up 19.65% [2] - Cost reduction and efficiency improvement measures have shown significant results, with manufacturing costs down 3.44% year-on-year after excluding the impact of auxiliary materials and energy price changes. The comprehensive financing cost of interest-bearing debt decreased by 15 basis points compared to the end of the previous year. Operational and maintenance costs for subsidiary equipment fell by 34.2% year-on-year [3] - The company is advancing its new generation of green mining and rare earth smelting separation upgrade projects, with the first phase completed and put into production on October 15, 2024, achieving industry-leading technology, equipment, environmental protection, and production capacity [3] - The company forecasts net profits attributable to shareholders of 1.03 billion yuan, 2.19 billion yuan, and 2.90 billion yuan for 2024, 2025, and 2026, respectively, corresponding to P/E ratios of 83, 39, and 29 [3] Financial Summary - For 2024, the company expects revenue of 31.49 billion yuan, a year-on-year decrease of 6.0%, with net profit attributable to shareholders projected at 1.03 billion yuan, down 56.5% year-on-year. The gross margin is expected to be 8.2% [4] - The company’s total assets are projected to reach 42.67 billion yuan by 2026, with total liabilities of 14.81 billion yuan [5] - The company’s earnings per share (EPS) for 2024 is estimated at 0.28 yuan, with P/E ratios expected to be 82.85 for 2024 and 38.93 for 2025 [6]

证券代码：600111 证券简称：北方稀土 公告编号：2024-053 中国北方稀土（集团）高科技股份有限公司 关于 2024 年第三季度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国北方稀土（集团）高科技股份有限公司（以下简称公司或北 方稀土）于 2024 年 10 月 26 日在《中国证券报》《上海证券报》《证券 时报》及上海证券交易所网站发布了《北方稀土关于召开 2024 年第三 季度业绩说明会的公告》。公司于 2024 年 11 月 6 日上午 10:00～11:00， 在上海证券交易所上证路演中心（http://roadshow.sseinfo.com）以 网络互动形式召开了本次说明会。公司董事、总经理、党委副书记瞿 业栋先生，独立董事李星国先生，董事、董事会秘书、首席合规官吴 永钢先生，董事、财务总监宋泠女士参加了本次说明会，就公司 2024 年第三季度经营成果及财务指标等情况与投资者进行互动交流，在信 息披露允许的范围内解答了投资者普遍关注的问题。现将本次说明会 投资者提问问题及答 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][13]. Core Views - The company reported a year-on-year revenue growth of 1.5% and a net profit growth of 10.9% in Q3 2024. For the first three quarters of 2024, the revenue was CNY 21.56 billion, down 13.5% year-on-year, and the net profit was CNY 405 million, down 70.64% year-on-year [1][5]. - The company has strengthened its cost advantages since Q4 2024, with procurement prices for rare earth concentrates significantly lower than market averages, enhancing profitability [1][11]. - The company has seen a steady increase in product listing prices over three consecutive months, positively influencing market sentiment and indicating a potential recovery in demand for rare earth materials [1][13]. Summary by Relevant Sections Financial Performance - In Q3 2024, the company achieved a revenue of CNY 8.57 billion, a year-on-year increase of 1.54% and a quarter-on-quarter increase of 18.56%. The net profit for the same period was CNY 360 million, up 10.94% year-on-year and up 5507.71% quarter-on-quarter [1][5]. - The company’s gross margin for Q1 2024 was 9.04%, down 3.40 percentage points year-on-year, while the net margin was 3.81%, down 2.45 percentage points year-on-year. In Q3 2024, the gross margin improved to 10.68%, up 0.57 percentage points year-on-year [6][9]. Production and Supply Chain - The company produced 0.42 million tons of rare earth oxides in Q3 2024, a year-on-year increase of 6.19%. The production of rare earth metals was 0.98 million tons, up 32.87% year-on-year, and magnetic materials production was 1.71 million tons, up 26.42% year-on-year [1][11]. - The company has a stable supply of rare earth resources from Baotou Steel, with procurement prices for rare earth concentrates significantly lower than market prices, further enhancing its cost structure [1][11]. Market Outlook - The company is positioned as a leader in the rare earth industry, with continuous growth in quotas and advantageous raw material procurement. The expected revenue for 2024-2026 is CNY 33.37 billion, CNY 36.36 billion, and CNY 40.23 billion, with net profits projected at CNY 957 million, CNY 1.97 billion, and CNY 2.89 billion respectively [1][13][14]. - The long-term outlook for the rare earth industry remains positive, driven by the increasing demand from sectors such as electric vehicles and renewable energy [1][13].