ZGXT(SZ:000831) Chang Jiang Shang Bao·2025-09-02 00:01Core Viewpoint - China Rare Earth's stock price has surged significantly, supported by strong financial performance and strategic resource integration efforts [2][4]. Financial Performance - In the first half of 2025, China Rare Earth achieved total revenue of 1.875 billion yuan, a year-on-year increase of 62.38% [4]. - The company reported a net profit attributable to shareholders of 162 million yuan and a net profit of 155 million yuan after deducting non-recurring items, marking a turnaround from losses [4]. - Revenue from rare earth oxides reached 1.191 billion yuan, up 85.99%, while revenue from rare earth metals and alloys was 674 million yuan, an increase of 37.42% [4]. Stock Performance - Since 2025, China Rare Earth's stock price has more than doubled, with a cumulative increase of over 110% this year [2][4]. - On September 1, 2025, the stock price reached a new high of 60.45 yuan per share, marking the highest level since its listing in 1998 [3]. Resource Integration - The company plans to absorb and merge its wholly-owned subsidiary, Zhongxi (Ganzhou) Rare Earth Co., to optimize internal resource management and improve operational efficiency [5]. - China Rare Earth Group, the controlling shareholder, is also engaged in external resource integration, including a recent agreement to acquire an 18.45% stake in Guangsheng Nonferrous Metals [6][7]. Strategic Positioning - China Rare Earth is positioned as a core platform for the China Rare Earth Group, focusing on resource integration and enhancing its competitive edge in the rare earth industry [7][8]. - The company holds the only ion-type rare earth mining rights in Hunan Province, with significant resource reserves, and is actively working on exploration and mining projects [8].