CNRE(SH:600111)2017-01-13 16:00Financial Performance - For the fiscal year 2016, the net profit attributable to shareholders is expected to decline by 70%-90% compared to the previous year[2] - In the previous year, the net profit attributable to shareholders was 325.7154 million yuan[3] - The earnings per share in the previous year was 0.090 yuan[3] Market Conditions - The decline in profit is primarily due to a prolonged downturn in the rare earth market, with prices of major rare earth products decreasing year-on-year[4] - Factors contributing to the price decline include insufficient demand and disorderly competition from illegally priced products[4] Cost Factors - Production costs have increased, further impacting the net profit during the reporting period[4] Cautionary Notes - The financial data provided is preliminary and subject to change upon the formal disclosure of the 2016 annual report[5] - Investors are advised to be cautious regarding investment risks based on the preliminary forecast[5]