稀土龙头股，收警示函

Core Viewpoint - Northern Rare Earth received a warning letter from the Inner Mongolia Securities Regulatory Bureau regarding non-operational fund occupation by its subsidiary, totaling 8.9485 million yuan [1] Summary by Relevant Sections Regulatory Action - The warning letter indicates that from February 2019 to December 2024, the subsidiary Baotou Steel Group Energy Conservation and Environmental Protection Technology Co., Ltd. issued salaries, benefits, and insurance payments amounting to 8.9485 million yuan to Inner Mongolia Baolan Environmental New Materials Co., Ltd., constituting non-operational fund occupation [1] - The Inner Mongolia Securities Regulatory Bureau decided to issue a warning letter as a regulatory measure, which will be recorded in the securities and futures market integrity file [1] Company Response - Northern Rare Earth emphasized the importance of the issues raised in the warning letter and committed to learning from the experience, enhancing internal management, and improving information disclosure quality to prevent similar incidents in the future [1] - The company stated that the administrative regulatory measures will not affect its normal business operations and will continue to comply with relevant laws and regulations regarding information disclosure [1] Market Reaction - Following the announcement, Northern Rare Earth's stock hit the daily limit, with a trading volume exceeding 21.4 billion yuan [1]