稀土龙头盈利改善如期兑现，稀土产业双击迎来业绩催化，稀土ETF易方达(159715)低费率投资工具备受关注

Core Viewpoint - The rare earth industry is experiencing significant performance improvements, with leading companies reporting substantial revenue and profit growth in the first half of 2025, driven by rising demand and favorable market conditions [1] Company Performance - Northern Rare Earth reported a revenue of 18.866 billion yuan, a year-on-year increase of 45.24%, and a net profit of 931 million yuan, a dramatic increase of 1951.52% [1] - Jinchuan Group's net profit reached 433 million yuan, reflecting a year-on-year growth of 154.81% [1] - Ningbo Yunsheng achieved a net profit of 185 million yuan, marking a year-on-year increase of 179.83% [1] Industry Trends - The demand for rare earths is expected to rise during the "Golden September and Silver October" consumption peak, with inventory replenishment anticipated in the downstream sector [1] - Long-term trends indicate tighter supply due to capacity consolidation and increased demand from industries such as military and robotics, leading to a favorable supply-demand dynamic [1] - High smelting costs overseas are supporting price differentials, while U.S. acquisition prices are raising the price baseline, enhancing price increase expectations [1] Investment Approach - The E Fund Rare Earth ETF (159715) focuses on national strategic resources and global competitive supply chains, with a management and custody fee of 0.15% + 0.05% per year, significantly lower than similar products linked to the CSI Rare Earth Industry Index, making it a quality tool for capitalizing on rare earth market opportunities [1]