据计算，Q4预计净亏损756万元-4956万元。第四季度净利润分析师一致预测为1.9亿，业绩低于预期。 格隆汇1月26日丨中国稀土(000831.SZ)发布2025年年度业绩预告，预计归属于上市公司股东的净利润为 1.43亿元至1.85亿元，上年同期为亏损2.87亿元，同比扭亏为盈。上半年，稀土市场行情整体上涨，公 司强化市场研判，调整营销策略，把握采销节奏，实现销售同比增长，有效提升经营创效水平。同时根 据会计准则要求对部分计提的存货跌价准备予以冲回，对上半年利润产生一定正向影响。但下半年，受 市场环境、供需调节等因素影响，部分中重稀土产品价格下行，特别是进入第四季度中重稀土产品价格 下跌明显。根据会计准则要求，第四季度计提存货跌价准备金额环比增加，冲减了公司部分利润。 ...

上半年，稀土市场行情整体上涨，公司强化市场研判，调整营销策略，把握采销节奏，实现销售同比增 长，有效提升经营创效水平。同时根据会计准则要求对部分计提的存货跌价准备予以冲回，对上半年利 润产生一定正向影响。但下半年，受市场环境、供需调节等因素影响，部分中重稀土产品价格下行，特 别是进入第四季度中重稀土产品价格下跌明显。根据会计准则要求，第四季度计提存货跌价准备金额环 比增加，冲减了公司部分利润。 中国稀土（000831）(000831.SZ)披露2025年年度业绩预告，公司预计归属于上市公司股东的净利润1.43 亿元至1.85亿元，同比扭亏为盈;扣除非经常性损益后的净利润1.33亿元至1.72亿元。 ...

智通财经APP讯，中国稀土(000831.SZ)披露2025年年度业绩预告，公司预计归属于上市公司股东的净利 润1.43亿元至1.85亿元，同比扭亏为盈;扣除非经常性损益后的净利润1.33亿元至1.72亿元。 上半年，稀土市场行情整体上涨，公司强化市场研判，调整营销策略，把握采销节奏，实现销售同比增 长，有效提升经营创效水平。同时根据会计准则要求对部分计提的存货跌价准备予以冲回，对上半年利 润产生一定正向影响。但下半年，受市场环境、供需调节等因素影响，部分中重稀土产品价格下行，特 别是进入第四季度中重稀土产品价格下跌明显。根据会计准则要求，第四季度计提存货跌价准备金额环 比增加，冲减了公司部分利润。 ...

格隆汇1月26日丨中国稀土(000831.SZ)发布2025年年度业绩预告，预计归属于上市公司股东的净利润为 1.43亿元至1.85亿元，上年同期为亏损2.87亿元，同比扭亏为盈。上半年，稀土市场行情整体上涨，公 司强化市场研判，调整营销策略，把握采销节奏，实现销售同比增长，有效提升经营创效水平。同时根 据会计准则要求对部分计提的存货跌价准备予以冲回，对上半年利润产生一定正向影响。但下半年，受 市场环境、供需调节等因素影响，部分中重稀土产品价格下行，特别是进入第四季度中重稀土产品价格 下跌明显。根据会计准则要求，第四季度计提存货跌价准备金额环比增加，冲减了公司部分利润。 ...

每经AI快讯，1月26日，中国稀土公告，预计2025年年度净利润为1.43亿元至1.85亿元，上年同期 为-2.87亿元。2025年是公司在高质量发展的征程上迈出坚实步伐的一年。上半年，稀土市场行情整体 上涨，公司强化市场研判，调整营销策略，把握采销节奏，实现销售同比增长，有效提升经营创效水 平。同时根据会计准则要求对部分计提的存货跌价准备予以冲回，对上半年利润产生一定正向影响。但 下半年，受市场环境、供需调节等因素影响，部分中重稀土产品价格下行，特别是进入第四季度中重稀 土产品价格下跌明显。根据会计准则要求，第四季度计提存货跌价准备金额环比增加，冲减了公司部分 利润。 （文章来源：每日经济新闻） ...

中国稀土公告，预计2025年年度净利润为1.43亿元至1.85亿元，上年同期为-2.87亿元。2025年是公司在 高质量发展的征程上迈出坚实步伐的一年。上半年，稀土市场行情整体上涨，公司强化市场研判，调整 营销策略，把握采销节奏，实现销售同比增长，有效提升经营创效水平。同时根据会计准则要求对部分 计提的存货跌价准备予以冲回，对上半年利润产生一定正向影响。但下半年，受市场环境、供需调节等 因素影响，部分中重稀土产品价格下行，特别是进入第四季度中重稀土产品价格下跌明显。根据会计准 则要求，第四季度计提存货跌价准备金额环比增加，冲减了公司部分利润。 ...

（一）业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告情况： 证券代码：000831 证券简称：中国稀土 公告编号：2026-001 中国稀土集团资源科技股份有限公司 2025 年年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 单位：万元 项 目 本报告期 上年同期 归属于上市公司股东的 净利润 14,262.02 ～ 18,462.02 -28,690.71 扣除非经常性损益后的 净利润 13,304.21 ～ 17,204.21 -14,469.94 基本每股收益（元/股） 0.1344 ～ 0.1740 -0.2704 备金额环比增加，冲减了公司部分利润。总体而言，报告期内，公司聚焦年度 发展目标，有效应对各种冲击挑战，积极主动作为，全力以赴稳增长、提效益、 促创新，生产经营总体稳中有进，各项工作扎实有序推进。 一是向生产经营要效益。全面推动生产工艺和生产过程优化升级，推进技 改升级项目，加大自动化、数智化改造力度，通过精细化管理和全流程对标管 控生产成本和管理成本，有效实 ...

CITI'S TAKE We hosted a rare earth 2026 outlook call today with Ms. Yang Jiawen, senior rare earth analyst at SMM. Our takeaways: China's rare earth supply discipline has become structural following the extension of smelting and separation quotas to imported ores from 2025. While the loss of US-origin supply has been fully offset through Africa imports and rising recycling, PrNd remains structurally tight. Demand visibility remains solid, supported by NEVs, export license normalization, and early 15th FYP p ...

Investment Rating - The industry rating is "Recommended" [3] Core Views - Short-term raw material supply tightness is expected to support nickel prices, with LME nickel spot price reaching $18,630 per ton, up 5.70% from January 16 [1] - The cobalt market is anticipated to see continued price increases due to structural supply tightness, with electrolytic cobalt priced at 438,000 yuan per ton, down 3.74% from January 16 [2][5] - Domestic antimony supply remains tight, providing price support, with antimony ingot prices at 160,500 yuan per ton [6] - Lithium carbonate prices are expected to continue rising, with a market average of 171,100 yuan per ton, up 8.36% from January 16 [8][19] - Supply uncertainties in the rare earth market are expected to support prices, with significant global supply concentration in China [10][20] - Tin prices are supported by overseas supply uncertainties, with LME tin prices at $54,200 per ton, up 9.66% from January 16 [11][21] - Tungsten market supply-demand imbalance is notable, with white tungsten concentrate prices at 535,500 yuan per ton, up 5.93% from January 16 [13][22] - Uranium supply tightness is expected to persist, with global uranium prices at $63.51 per pound [14][15] Summary by Sections Nickel and Cobalt Industry Update - Nickel prices are supported by supply constraints, with Indonesia's nickel mining production quota expected to be reduced to 250-260 million tons [1][16] - Cobalt supply is projected to tighten further, with Congo's export quotas confirmed to extend into 2026 [2][17] Antimony Industry Update - Antimony supply remains tight, with domestic prices expected to rise due to export restrictions and seasonal supply issues [6][18] Lithium Industry Update - Lithium carbonate prices are expected to remain strong due to demand support and supply uncertainties, particularly regarding the recovery of key lithium mines [8][19] Rare Earth Industry Update - The rare earth market is facing supply tightening due to export bans and geopolitical factors, with China maintaining a dominant position [10][20] Tin Industry Update - Tin prices are supported by uncertainties in overseas supply, particularly from Myanmar and Congo [11][21] Tungsten Industry Update - The tungsten market is experiencing a supply-demand imbalance, with prices expected to rise due to limited new supply [13][22] Uranium Industry Update - Uranium prices are supported by ongoing supply tightness and geopolitical factors affecting production [14][15]

Group 1: Copper - The LME copper price increased by 0.25% to $12,840.0 per ton, while the Shanghai copper price rose by 0.57% to ¥101,300 per ton [1] - Copper concentrate processing fees fell to -$49.79 per ton, and national copper inventory increased by 2.9% week-on-week, with a year-on-year increase of 203,000 tons [1][13] - The operating rate of copper cable enterprises increased by 2.72 percentage points to 58.71%, with a year-on-year increase of 15.87% [1][13] Group 2: Aluminum - The LME aluminum price rose by 0.29% to $3,137.5 per ton, and the Shanghai aluminum price increased by 1.53% to ¥24,300 per ton [2][14] - The operating rate of domestic aluminum processing enterprises fell by 6.3 percentage points to 51.1% due to the upcoming Spring Festival [2][14] - Electrolytic aluminum ingot inventory decreased by 6,000 tons to 743,000 tons [2][14] Group 3: Gold - COMEX gold price increased by 6.88% to $4,938.4 per ounce, with SPDR gold holdings rising by 4.86 tons to 1,079.66 tons [3][15] - Geopolitical risks have led to a strong fluctuation in the gold market [3][15] - The 10-year TIPS yield decreased by 0.07 percentage points to 1.95% [3][15] Group 4: Rare Earths - The price of praseodymium and neodymium oxide decreased by 0.25% to ¥672,700 per ton [4][36] - December exports of rare earth permanent magnets increased by 7% year-on-year, indicating a recovery in exports [4][36] - The rare earth sector is expected to see upward price momentum due to supply constraints and favorable export conditions [4][36] Group 5: Tungsten - Tungsten prices increased by 5.54% this week, supported by tight supply conditions [4][38] - The establishment of a $2.5 billion "strategic resilience reserve" in the U.S. may elevate tungsten's priority [4][38] - The price of ammonium paratungstate rose by 6.06% to ¥790,500 per ton [4][38] Group 6: Tin - Tin prices increased by 2.19% to ¥423,700 per ton, with inventory rising by 1.79% to 9,720 tons [4][38] - Supply from Indonesia and Myanmar remains below expectations, supporting an upward price trend [4][38] - The demand outlook is positive due to recovery in semiconductor and photovoltaic sectors [4][38] Group 7: Lithium - The average price of lithium carbonate rose by 0.8% to ¥159,500 per ton, while lithium hydroxide increased by 2.0% to ¥156,900 per ton [4][63] - Lithium production decreased slightly, with total output at 22,200 tons, down by 40 tons [4][63] - The market is experiencing strong demand, with signs of pre-holiday stocking [4][63] Group 8: Cobalt - Cobalt prices decreased by 3.7% to ¥437,000 per ton, while cobalt intermediate prices increased by 1.5% to $25.75 per pound [5][65] - Supply tightness is expected to persist, with domestic prices showing upward momentum [5][65] - The market structure remains tight due to limited liquidity and long transportation cycles [5][65]