CNRE(SH:600111) Zheng Quan Shi Bao Wang·2026-01-16 11:00Core Viewpoint - Northern Rare Earth expects a significant increase in net profit for 2025, projecting a rise of 116.67% to 134.60% year-on-year, driven by a recovery in rare earth prices and strategic operational improvements [1] Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 2.176 billion to 2.356 billion yuan for 2025, with a non-GAAP net profit of 1.96 billion to 2.14 billion yuan, reflecting a year-on-year increase of 117.46% to 137.43% [1] - The recovery in domestic rare earth prices has been notable, with prices for neodymium oxide and neodymium metal increasing by 27.4% and 27% respectively, while terbium oxide and terbium metal saw increases of 17.2% and 16.5% [1] Group 2: Operational Strategy - The company is committed to green development and has implemented a unified production model to enhance operational efficiency, focusing on product structure adjustment and technological upgrades [2] - Northern Rare Earth has successfully reduced costs across all processes, achieving significant cost savings while optimizing its marketing system and innovating marketing strategies [2] Group 3: Industry Development - The company is advancing its green mining and refining projects, with the first phase of the new generation rare earth green refining upgrade project completed and the second phase underway [3] - Several projects, including the production of magnetic materials and resource recycling, are progressing efficiently, enhancing production efficiency and consolidating core competitive advantages [3] Group 4: Market Dynamics - On January 9, the company announced an increase in the transaction price of rare earth concentrates, with a 2.4% rise expected in the first quarter of 2026 compared to the fourth quarter of 2025, indicating a cumulative increase of 60% since the third quarter of 2024 [4]