CNRE-北方稀土Q1净利润暴增七倍，产销双双创新高

Core Viewpoint - The company has reported significant growth in Q1 2025, driven by rising rare earth prices and reduced raw material costs, leading to a remarkable increase in profit margins [1][2]. Financial Performance - Q1 revenue reached 9.29 billion yuan, a year-on-year increase of 61.19% [4]. - Net profit attributable to shareholders was 430.63 million yuan, soaring 727.30% compared to the same period last year [4]. - The net profit excluding non-recurring items was 434.72 million yuan, reflecting an astonishing growth of 11,622.98% year-on-year [4]. - The net cash flow from operating activities improved significantly to 410.13 million yuan, compared to a negative 151.26 million yuan in the previous year, marking a 371.14% increase [3]. Sales and Production - The company achieved record high sales volumes in Q1, with rare earth oxide sales reaching 10,558.42 tons, up 57.61% year-on-year [2]. - Sales of rare earth salts were 32,090.78 tons, an increase of 52.95% [2]. - Rare earth metal sales grew by 46.55% to 11,329.94 tons, while magnetic materials sales rose by 46.63% to 16,166.09 tons [2]. Cost Management - The company's operating costs increased by 54.98%, which was lower than the revenue growth rate of 61.19%, indicating effective cost control [2]. Strategic Initiatives - The company has implemented several strategic measures, including optimizing long-term customer agreements and enhancing pricing mechanisms to improve market influence [5]. - In Q1, the company applied for 63 patents, including 51 invention patents, and introduced new processes and products [5]. - The company is advancing its green smelting upgrade project and is focused on increasing project startup rates to foster new growth points [5]. Shareholder Activity - The controlling shareholder, Baotou Steel (Group) Co., Ltd., increased its stake in the company by acquiring 43,099,222 shares, representing 1.19% of the total share capital, with a total investment of approximately 999 million yuan [5].