中国稀土和北方稀土三季报出炉，前三季度业绩大增

Core Viewpoint - The financial reports for the third quarter of 2025 from China Rare Earth and Northern Rare Earth show significant growth in performance, indicating a strong recovery in the rare earth industry [1][2]. Group 1: Company Performance - China Rare Earth reported a revenue of 2.494 billion yuan for the first three quarters, a year-on-year increase of 27.73%, with a net profit attributable to shareholders of 192 million yuan, up 194.67% year-on-year [2][3]. - Northern Rare Earth achieved a cumulative revenue of 30.292 billion yuan for the first three quarters, representing a year-on-year growth of 40.50%, with a net profit of 1.541 billion yuan, a substantial increase of 280.27% [5]. - In the third quarter alone, Northern Rare Earth recorded a revenue of 11.425 billion yuan, a year-on-year increase of 33.32%, and a net profit of 610 million yuan, up 69.48% year-on-year [5]. Group 2: Market Trends - The rare earth market is showing signs of recovery, with the rare earth price index from the China Rare Earth Industry Association rising significantly in July and August, reaching a peak of 233.2 points in mid-August, a nearly 43% increase compared to the end of 2024 [9]. - Despite challenges from international trade factors, stable domestic demand is providing strong support for the rare earth market, leading to increased activity compared to the same period last year [11]. - The strategic importance of the rare earth industry is expected to strengthen further due to supply concentration and demand structure upgrades, driven by the global green transition and the dual carbon goals [11]. Group 3: Stock Performance - As of October 29, 2025, Northern Rare Earth's stock price has increased by 144.51% year-to-date, leading the rare earth sector, while other companies like Shenghe Resources and Guangsheng Nonferrous have also seen their stock prices double [12][13]. - China Rare Earth's stock price is nearing a doubling as well, reflecting the overall positive sentiment in the rare earth sector [12].