Sou Hu Cai Jing·2025-10-13 13:18Core Viewpoint - Northern Rare Earth (600111) received a warning letter from the Inner Mongolia Securities Regulatory Bureau due to non-compliance with information disclosure regulations regarding non-operating fund occupation by a subsidiary [1][2] Group 1: Regulatory Actions - The warning letter was issued for the period from February 2019 to December 2024, during which the subsidiary, Baotou Steel Group Energy Conservation and Environmental Protection Technology Co., Ltd., disbursed a total of 8.9485 million yuan in wages and benefits to Baolan Environmental Protection Co., Ltd. [1] - The actions were deemed a violation of the regulations concerning transactions with related parties and the management of information disclosure [1][2] Group 2: Company Response - The company acknowledged the issues raised in the warning letter and committed to improving internal management and information disclosure quality to prevent future occurrences [2] Group 3: Financial Performance Outlook - Northern Rare Earth projected a significant increase in net profit for the first three quarters of 2025, estimating a profit of 1.51 billion to 1.57 billion yuan, representing a year-on-year increase of 272.54% to 287.34% [3] - The company also expects a net profit of 1.33 billion to 1.39 billion yuan after excluding non-recurring gains and losses, indicating a year-on-year increase of 399.90% to 422.46% [3] Group 4: Market Reaction - On October 13, Northern Rare Earth shares hit the daily limit, closing at 57.73 yuan per share, an increase of 5.25 yuan, or 10% [4]