请务必阅读正文之后的免责声明及其项下所有内容 北方稀土（600111.SH） 优于大市 稀土价格筑底，利润短期承压 上半年公司归母净利润同比下滑95.7%。公司2024年上半年实现营收129.90 亿元，同比-21.19%；实现归母净利润 0.45 亿元，同比-95.70%；实现扣非 归母净利润 0.16 亿元，同比-98.46%。单二季度来看，公司实现营收 72.28 亿元，同比-0.33%，环比+25.45%；实现归母净利润-0.07 亿元，同比-104.96%， 环比-112.79%；实现扣非归母净利润0.12亿元，同比-90.59%，环比+220.88%。 公司业绩下滑主要由于镨钕等稀土产品价格下滑所致，2024Q2 氧化镨钕含税 均价为 37.64 万元/吨，同比-22%，环比+4%。 开采指标增速明显放缓。随着稀土需求增长，全国稀土总量控制指标也在持 续增长，公司作为行业龙头，依托白云鄂博矿优质资源，配额有序增长。2024 年公司获得开采总量控制指标 18.87 万吨，同比+5.6%；总指标占比为 69.9%。 2024 年上半年，公司生产稀土氧化物 0.72 万吨，同比-23.83%；稀土金属 ...

Financial Performance - The company's operating revenue for the first half of the year was ¥12,989,826,200.11, a decrease of 21.19% compared to the same period last year [21]. - The net profit attributable to shareholders was ¥45,396,198.39, reflecting a significant decline of 95.70% year-over-year [21]. - The net profit after deducting non-recurring gains and losses was ¥15,607,465.06, down 98.46% from the previous year [21]. - The net cash flow from operating activities was ¥68,455,223.57, a decrease of 92.07% compared to the same period last year [21]. - The basic earnings per share decreased to ¥0.0126, down 95.70% from ¥0.2921 in the same period last year [22]. - The weighted average return on equity dropped to 0.21%, a decrease of 4.97 percentage points year-over-year [22]. - The overall performance of the rare earth market remains weak due to insufficient downstream demand, despite a steady increase in supply [44]. - The company reported a total import of rare earth products valued at $937 million, a decrease of 29.02% year-on-year, while exports reached 61,400 tons, an increase of 17.40% year-on-year, with total export value approximately $1.978 billion [55]. - The company reported a significant increase in the export of rare earth compounds, which rose by 12.80% in volume and 79.00% in value compared to the previous year [55]. - The company's overall revenue for the first half of 2024 was CNY 722,710,338.33, with an operating profit of CNY 86,889,876.78 and a net profit of CNY 74,334,587.30 [100]. Operational Highlights - The report period covers from January 1, 2024, to June 30, 2024 [12]. - The company continues to focus on producing a wide range of rare earth products, including 11 major categories and over 100 varieties [26]. - The company is committed to integrating research and development with production to improve technological capabilities and operational efficiency [31]. - The company is leveraging its resource advantages to optimize production processes and enhance product quality [31]. - The company achieved a year-on-year increase in production of rare earth smelting and separation products by 17.53%, rare earth metal products by 43.17%, and rare earth functional materials by approximately 25.71%, all reaching historical highs for the same period [66]. - The sales volume of rare earth smelting and separation products increased by 30.64%, rare earth metal products by 23.51%, and rare earth functional materials by 24.84% year-on-year [68]. - The production volume of rare earth oxides decreased by 23.83% year-on-year to 7,178.54 tons, while sales volume increased by 69.61% to 17,424.27 tons [103]. - The production volume of rare earth metals increased by 43.17% year-on-year to 18,819.55 tons, with sales volume rising by 23.51% to 16,925.25 tons [103]. - The production volume of rare earth salts increased by 18.40% year-on-year to 72,099.62 tons, with sales volume up by 22.32% to 44,558.51 tons [103]. - The production volume of magnetic materials rose by 32.35% year-on-year to 27,849.29 tons, with sales volume increasing by 32.45% to 27,709.31 tons [103]. - The company reported a significant increase in the production volume of hydrogen storage materials by 9.36% to 986.03 tons, with sales volume up by 17.84% to 954.97 tons [103]. Market Conditions - The average price of lanthanum oxide decreased by 36.61% year-on-year, from 6.31 CNY/kg in 2023 to 4.00 CNY/kg in 2024 [49]. - The average price of cerium oxide remained relatively stable, with a slight decrease of 0.15% year-on-year, from 6.73 CNY/kg in 2023 to 6.72 CNY/kg in 2024 [49]. - The average prices of major rare earth oxides in China for the first half of 2024 showed significant declines, with prices for praseodymium oxide down by 31.83% and neodymium oxide down by 35.63% compared to the same period in 2023 [50]. - The CRE index, which reflects the operational status of rare earth companies, showed a downward trend in the first half of 2024 compared to the same period in 2023, indicating challenges in the market [53]. - The implementation of government policies aimed at promoting the consumption of new energy vehicles and energy-saving appliances is expected to boost demand in the rare earth sector [51]. - The overall market for rare earth products is expected to stabilize and recover in the short term due to favorable policies and improved industry order [52]. Environmental and Sustainability Efforts - The company is focusing on green and sustainable development, aligning with national policies to enhance resource utilization efficiency and reduce environmental impact [36]. - The newly established rare earth EPD platform aims to improve the international competitiveness of rare earth products by providing reliable pathways for green international trade [36]. - The company has achieved zero industrial wastewater discharge in its subsidiaries located in Inner Mongolia Autonomous Region [118]. - The company has implemented a new MVR environmental protection facility for treating ammonium sulfate wastewater, enhancing treatment capacity [125]. - All key pollutant discharge units have stable operation of their "three wastes" treatment facilities, ensuring compliance with environmental regulations [124]. - The company has publicly disclosed monitoring results for soil and groundwater as part of its environmental responsibility [122]. - The company completed the environmental acceptance of the radioactive waste disposal project related to rare earth smelting [127]. - The company has established a carbon emission accounting system and launched the first carbon emission accounting platform in the rare earth industry [136]. - The company’s subsidiaries have been recognized as "green factories" at the autonomous region level [136]. - The company has implemented a self-monitoring plan for environmental protection, detailing pollutant generation, treatment, and monitoring indicators [131]. Governance and Compliance - The company has not faced any violations of decision-making procedures regarding external guarantees [5]. - The company’s legal representatives and accounting personnel have confirmed the authenticity and accuracy of the financial report [4]. - The company has maintained a good integrity status during the reporting period, with no significant debts due that were unpaid [144]. - There were no major litigation or arbitration matters during the reporting period [144]. - The company confirmed that there were no violations or penalties involving its directors, supervisors, senior management, or controlling shareholders during the reporting period [144]. - The company plans to enhance its ESG management system in response to new regulatory requirements, integrating ESG factors into governance and strategic planning [35]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [132]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 484,275 [164]. - The largest shareholder, Baotou Steel (Group) Co., Ltd., held 1.3317 billion shares, accounting for 36.84% of the total shares, with 334.5 million shares pledged [166]. - The top ten unrestricted shareholders include Baotou Steel Group with 1,331,700,569 shares, accounting for 36.84% of total shares [171]. - The second largest shareholder, Jiaxin Limited, holds 156,469,020 shares, representing 4.41% [171]. - The total shares held by Hong Kong Central Clearing Limited amount to 100,529,383, which is 2.26% of total shares [171]. Financial Position - The company's total assets at the end of the reporting period were CNY 41,000,000,000, with a notable increase in accounts receivable financing, which rose by 39.84% to CNY 1,920,578,476.18 [82]. - The company's total liabilities increased to CNY 14,263,903,387.23 from CNY 13,595,363,180.43, which is an increase of about 4.91% [198]. - The company's short-term borrowings rose to CNY 2,527,714,172.83, compared to CNY 2,011,838,127.01, reflecting an increase of approximately 25.54% [198]. - The total equity attributable to shareholders decreased to CNY 21,496,850,926.74 from CNY 21,619,357,642.66, a decline of about 0.57% [198]. - The company's cash and cash equivalents increased to CNY 5,811,269,094.82 from CNY 5,301,969,716.12, representing a growth of approximately 9.56% [195]. - Accounts receivable rose to CNY 4,004,341,340.00, up from CNY 3,501,582,827.24, marking an increase of around 14.31% [195].

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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信 息披露》等规定，现将中国北方稀土（集团）高科技股份有限公司（以 下简称公司）2024 年第二季度（4-6 月）及半年度（1-6 月）主要经 营数据披露如下： 2024 年半年度（1-6 月）主要经营数据： | 项目 | 生产量（吨） | 生产量同比变 动比例（%） | 销售量（吨） | 销售量同比变 动比例（%） | | --- | --- | --- | --- | --- | | 稀土氧化物 | 7,178.54 | -23.83 | 17,424.27 | 69.61 | | 稀土盐类 | 72,099.62 | 18.40 | 44,558.51 | 22.32 | | 稀土金属 | 18,819.55 | 43.17 | 16,925.25 | 23.51 | | 磁性材料 | 27,849.29 | 32.35 | 27,709.31 | 32.45 | | 抛光材料 | 12,393.27 | 14.20 ...

公司名称：包钢集团财务有限责任公司 成立日期：2011 年 1 月 28 日经原中国银行业监督管理委员会(银 监复〔2011〕32 号)批准成立。 包钢集团财务有限责任公司风险持续评估报告 根据中国证监会《关于规范上市公司与企业集团财务公司业务往 来的通知》（证监发〔2022〕48号）、国家金融监督管理总局《企业 集团财务公司管理办法》（以下简称《管理办法》）、《上海证券交 易所上市公司自律监管指引第5号——交易与关联交易》及中国北方 稀土（集团）高科技股份有限公司（以下简称公司）内部控制制度等 规定，公司通过查验包钢集团财务有限责任公司（以下简称财务公司） 的《金融许可证》《营业执照》等资料，并审阅了财务公司2024年半 年度资产负债表、利润表等经营资料，对财务公司的经营资质、业务 和风险状况进行了评估。具体情况报告如下： 一、财务公司概况 （一）财务公司基本信息 企业性质：其他有限责任公司 法定代表人：邢立广 注册资本：人民币 18 亿元 注册地址：内蒙古自治区包头市稀土开发区黄河大街83 号810 室 经营范围：企业集团财务公司服务。（依法须经批准的项目，经 相关部门批准后方可开展经营活动，具体经营项目 ...

证券代码：600111 证券简称：北方稀土 公告编号：2024-045 重要内容提示： 公司于 2024 年 8 月 30 日发布了 2024 年半年度报告，为便于广 大投资者更全面深入地了解公司 2024 年半年度经营成果、财务状况 等信息，公司定于 2024 年 9 月 10 日（星期二）上午 10:00～11:30 召开 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会将以视频结合网络互动形式召开，公司将就2024 年半年度经营成果及财务指标等情况与投资者进行沟通交流，在信息 披露允许的范围内解答投资者普遍关注的问题。 中国北方稀土(集团)高科技股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 会议召开时间：2024 年 9 月 10 日（星期二）上午 10:00～11:30 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com） 会议召开方式：上证路演中心视频直播 ...

证券代码： 600111 证券简称：北方稀土 中国北方稀土（集团）高科技股份有限公 司 投资者关系活动记录表 编号：2024-013 R 机构投资者调研 R 个人投资者调研 R 分析师会议 R 现场参观 投资者关系 □媒体采访 □业绩说明会 活动类别 □新闻发布会 □路演活动 □其他 华夏基金、南方基金、国泰基金、中金公司、中信建 投、国泰君安证券、华泰证券、广发证券、中国银河 参会单位 证券、浙商证券、海通证券、海通国际证券、长江证 券、国金证券、中泰证券、东方证券、光大证券、招 商证券等 时间 2024 年 8 月 9 日 地点及形式 公司现场座谈交流及调研参观 公司 接待人员 公司董事、董事会秘书、首席合规官吴永钢 投资者关系 问：公司向包钢股份采购稀土精矿的定价机制是 活动主要内 什么？ PAGE \* MERGEFORMAT6 证券代码： 600111 证券简称：北方稀土 容 答：定价机制按照公司 2023 年第一次临时股东 大会通过的《关于稀土精矿日常关联交易定价机制暨 2022 年度执行及 2023 年度预计的议案》执行，即 自 2023 年 4 月 1 日起，在稀土精矿定价公式不变的 情况下， ...

证券代码：600111 证券简称：北方稀土 公告编号：2024—040 中国北方稀土（集团）高科技股份有限公司 第八届董事会第四十三次会议决议公告 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 8 月 16 日以通讯表决方式召开了第八届董事会第四十三次会 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 通过《关于公司经理层成员 2023 年度年薪及 2020-2023 年任期 激励兑现方案的议案》； 为进一步完善公司法人治理结构，加强和规范公司经理层成员薪 酬管理，科学、客观、公正、规范地评价公司经理层成员经营业绩， 建立和完善有效的激励与约束机制，充分调动经理层成员的工作积极 性和创造性，促进公司持续、健康、高质量发展，根据公司《章程》 《落实董事会职权实施方案》《经理层成员薪酬管理办法》等规定， 公司拟定经理层 ...

一、监事会会议召开情况 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 8 月 16 日以通讯表决方式召开了第八届监事会第四十次 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 证券代码：600111 证券简称：北方稀土 公告编号：2024-041 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。 公司第八届监事会第四十次会议决议。 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 8 月 17 日 通过《关于公司经理层成员 2023 年度年薪及 2020-2023 年任期 激励兑现方案的议案》； 表决结果：同意 6 票，反对 0 票，弃权 0 票。 三、备查文件 ...

证券代码： 600111 证券简称：北方稀土 中国北方稀土（集团）高科技股份有限公 司 投资者关系活动记录表 编号：2024-012 □机构投资者调研 £个人投资者调研 □分析师会议 □现场参观 投资者关系 □媒体采访 R 业绩说明会 活动类别 □新闻发布会 □路演活动 □其他 参会单位 投资者网上提问 时间 2024 年 8 月 9 日 15:00-17:00 公司参加"内蒙古辖区上市公司 2024 年投资者网上 集体接待日活动"，通过全景网"投资者关系互动平 地点及形式 台"（https://ir.p5w.net）采用网络远程文字互动 方式召开业绩说明会 董事、总经理、党委副书记瞿业栋 公司接待人 董事、董事会秘书、首席合规官吴永钢 员 董事、财务总监宋泠 投资者关系 问：如何理解包钢（集团）公司党委书记、董事 活动主要内 长孟繁英提出的"推动北方稀土建设成为国家现代产 PAGE \* MERGEFORMAT7 证券代码： 600111 证券简称：北方稀土 容 业链龙头企业"？公司控制权是否存在由地方向国控 转移的可能？ 答：尊敬的投资者您好，感谢您对公司的关注。 党的二十届三中全会提出进一步全面深化改革 ...

Dividend Policy and Shareholder Returns - The company has distributed cash dividends 21 times since its listing, totaling CNY 5.419 billion, leading the industry in dividend levels among rare earth companies [2] - From 2012 to 2021, cumulative dividends reached CNY 3.775 billion, with an annual dividend payout ratio exceeding 30% [2] - The dividend payout ratio for 2022 and 2023 was below 30% of net profit due to retained earnings for green smelting upgrade projects [2] Production and Sales Performance - In the first half of 2024, the company expects a production increase of approximately 18% for rare earth refining and separation products, 16% for rare earth metals, and 11% for rare earth functional materials [4] - The sales volume of major rare earth products also saw significant year-on-year growth [4] Market and Pricing Outlook - Rare earth prices have been on a downward trend in the first half of 2024, but fluctuations are expected to be minor due to market maturity [4] - Future rare earth prices will depend on supply and demand dynamics, particularly influenced by economic growth and downstream consumption [4] Regulatory Impact - The newly released "Rare Earth Management Regulations" aim to regulate the industry, prevent over-extraction, and promote sustainable development [3][4] - The regulations are expected to enhance the stability of the rare earth supply chain and stimulate innovation within the industry [4] Strategic Initiatives - The company is focused on building "two rare earth bases" and enhancing production capabilities through new technologies and materials [5] - Efforts are being made to optimize the industrial layout and extend the supply chain to improve competitiveness and market share [5] Value Creation and Market Management - The company emphasizes value creation as the foundation of market management, focusing on governance, information disclosure, and investor relations [6] - Through capital operations and project investments, the company aims to enhance overall operational quality and value creation [6] Green Technology Development - The company is advancing its green smelting upgrade project, with significant progress reported in construction and installation phases [6][7] - The development of low-speed, high-torque rare earth permanent magnet drive motor systems is expected to yield over 20% energy savings [8][9]