行业有望持续爆发，盛和资源拟超7亿元重金揽入海外亏损稀土公司

Core Viewpoint - The rare earth industry is experiencing a significant recovery, leading to improved performance for rare earth listed companies, including Shenghe Resources, which plans to acquire 100% of Peak Rare Earths Limited for over 700 million RMB [1][2]. Company Summary - Shenghe Resources' subsidiary, Ganzhou Chenguang Rare Earth New Materials Co., Ltd., intends to acquire Peak Rare Earths Limited for 1.58 billion AUD, approximately 742.6 million RMB [2]. - Peak Rare Earths Limited has not generated revenue in 2023 and 2024, with total losses exceeding 100 million RMB over the two years [2]. - The acquisition aims to expedite the development of the Ngualla rare earth project in Tanzania, which has a reserve of 18.5 million tons and an average grade of 4.8% [4]. Financial Performance - Shenghe Resources reported a significant recovery in Q1 2023, with revenue of 2.992 billion RMB, a year-on-year increase of 3.66%, and a net profit of 168 million RMB, up 178.09% [5]. - Despite the recovery, the company's revenue and profit are expected to decline in 2024, with projected revenue of 11.371 billion RMB, down 36.39%, and a net profit of 207 million RMB, down 37.73% [5]. Industry Outlook - Analysts suggest that the rare earth industry, particularly medium and heavy rare earths, is entering a bull market cycle, with expectations of explosive growth in the performance of rare earth listed companies over the next two to five years [6]. - The price of rare earth products has shown an upward trend, with the price of praseodymium and neodymium oxide increasing by 11.3% from January to March 2025 [5]. Stock Performance - Following the acquisition announcement, Shenghe Resources' stock price surged, reaching a high of 13.12 RMB per share, with a monthly increase of 24.01% [7]. - The company previously experienced significant stock price fluctuations, with net profits of 1.076 billion RMB and 1.593 billion RMB in 2021 and 2022, respectively, reflecting substantial growth [7][8].