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北方稀土收到警示函

Core Viewpoint - China Northern Rare Earth Group High-Tech Co., Ltd. received a warning letter from the Inner Mongolia Securities Regulatory Bureau regarding non-operating fund occupation by a subsidiary, which was not disclosed as required [1][4]. Group 1: Regulatory Actions - The warning letter indicates that from February 2019 to December 2024, the subsidiary Baotou Steel Group Energy Conservation and Environmental Protection Technology Co., Ltd. disbursed a total of 8.9485 million yuan for salaries, benefits, and insurance for Baolan Environmental Protection Co., Ltd. [4] - The total amount of 8.9485 million yuan was fully repaid by Baolan Environmental Protection Co., Ltd. by December 31, 2024 [4]. 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 similar incidents in the future [5]. - The administrative regulatory measures will not affect the company's normal business operations [5]. Group 3: Market Reaction - On October 13, the rare earth sector in the A-share market saw significant gains, with China Northern Rare Earth's stock hitting the daily limit, achieving a trading volume of approximately 21.5 billion yuan, the highest among all stocks on that day [5]. - As of the market close on the same day, the total market capitalization of China Northern Rare Earth reached 208.7 billion yuan [5].