北方稀土(600111) - 2024 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 950 million and 1.08 billion yuan, a decrease of 1.29 billion to 1.42 billion yuan compared to the same period last year, representing a year-on-year decline of 54.41% to 59.90%[2] - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 820 million and 950 million yuan, down by 1.37 billion to 1.5 billion yuan year-on-year, reflecting a decrease of 59.10% to 64.71%[4] - The total profit for the previous year was 3.1321 billion yuan, with a net profit attributable to shareholders of the parent company of 2.37074 billion yuan[5] Production and Operational Developments - The company anticipates a 1.63% year-on-year increase in the production of rare earth smelting and separation products, a 20.78% increase in rare earth metal production, and a 10.42% increase in magnetic material product output for 2024[7] - The company has implemented measures to optimize its operational model, resulting in a 5.1% reduction in processing costs per ton of rare earth[7] - The company is advancing key construction projects and industry chain mergers and acquisitions, including the establishment of a new company for high-performance neodymium-iron-boron magnetic materials[7] - The company aims to enhance its high-quality development and become a world-class leader in the rare earth industry through innovation and transformation initiatives[7] Market Conditions and Risks - The average price of major rare earth products, represented by praseodymium and neodymium, is expected to decline due to weak global economic growth and insufficient downstream demand[6] - The company emphasizes the importance of risk management and has stated that there are no significant uncertainties affecting the accuracy of this earnings forecast[10] Financial Reporting - The financial data provided is preliminary and subject to final audit, with the official report to be disclosed later[11]