CNRE(SH:600111) 智通财经网·2025-10-13 13:04Core Viewpoint - The company, Northern Rare Earth (600111.SH), received a warning letter from the Inner Mongolia Securities Regulatory Bureau due to non-compliance with regulations regarding related party transactions and information disclosure [1][2]. Group 1: Regulatory Findings - From February 2019 to December 2024, the company's subsidiary, Baotou Steel Group Energy Conservation and Environmental Protection Technology Co., Ltd., disbursed a total of 8.9485 million yuan in wages, benefits, and insurance fees to Inner Mongolia Baolan Environmental New Materials Co., Ltd. [1] - Of the total amount, 5.8761 million yuan was incurred after the subsidiary was acquired from the controlling shareholder in June 2021 [1]. - By December 31, 2024, Baolan Environmental had fully repaid the total amount of 8.9485 million yuan [1]. Group 2: Violations and Consequences - The actions of the company were found to be inconsistent with the requirements outlined in the "Notice on Regulating the Fund Transactions between Listed Companies and Related Parties" (2017 revision) and violated the "Management Measures for Information Disclosure of Listed Companies" [2]. - As a result, the Inner Mongolia Securities Regulatory Bureau decided to issue a warning letter to the company, which will be recorded in the securities and futures market integrity archive [2].