证券日报网讯三川智慧（300066）9月24日在互动平台回答投资者提问时表示，公司控股子公司天和永 磁主要从事稀土资源回收利用业务，主要产品包括氧化镨钕、氧化镝、氧化铽、氧化钆、氧化钬等稀土 氧化物，这些产品都在国内市场销售，没有出口。 ...

Core Viewpoint - The recent export controls on rare earth elements by China have led to a significant increase in the prices of rare earth permanent magnets and related stocks, indicating a shift from previously low prices to a more favorable market environment for domestic companies [3][5][6]. Group 1: Export Controls and Market Impact - In April, China implemented export controls on seven types of medium and heavy rare earth elements, which has caused concerns among overseas companies about supply shortages [4][5]. - The average price index for rare earths increased from 167.5 points in January to 183.7 points by June 10, with specific products like praseodymium-neodymium oxide seeing a price rise from 40.72 million yuan/ton to a range of 45.0-47.0 million yuan/ton [7]. - The A-share market for rare earth permanent magnet stocks has seen a significant rise, with the index increasing from 2325.20 points on June 3 to 2617.68 points on June 11, reflecting a weekly growth of 6.21% [8]. Group 2: Company Performance and Stock Movements - Companies like Jiuzhou Jiuling Technology and Zhongke Magnetic Industry have reached record stock prices, with Jiuzhou's stock hitting 79.56 yuan/share, a 30% increase [8]. - Mining and smelting companies, such as Guangsheng Nonferrous Metals and Northern Rare Earth, also experienced stock price increases, indicating a broad market response to the export controls [9]. - The shift in the rare earth market has allowed companies to move away from previously low pricing strategies, with the industry now focusing on high-quality development and strategic resource management [9][10]. Group 3: Future Industry Outlook - The demand for rare earth permanent magnets is expected to grow due to their essential role in various industries, including electric vehicles and renewable energy [10][11]. - The global market for magnetic materials is projected to maintain a steady growth rate of around 5% annually, driven by advancements in electronics, communication, and automotive sectors [10]. - Analysts suggest that the current export controls may lead to increased profit margins for companies in the rare earth sector, as well as a second growth curve driven by emerging demands [11].

Group 1: Financial Performance - The company achieved profitability in Q1 2025 due to a rebound in certain rare earth product prices and strategic adjustments in sales, resulting in a year-on-year increase in operating profit [2][3] - The overall trend for rare earth product prices in Q1 2025 showed an upward movement, contrasting with a rapid decline in the first quarter of 2024 [3] Group 2: Market Outlook - Rare earth product prices are influenced by supply and demand dynamics, with expectations of increased demand from major global powers as applications expand [3] - The company maintains a cautiously optimistic outlook on the mid to long-term market trends for rare earths, supported by the implementation of the "Rare Earth Management Regulations" [3] Group 3: Strategic Focus - The company is focused on strengthening its position in the rare earth industry, with plans for resource expansion and potential downstream integration, subject to disclosure standards [3][4] - A comprehensive market value management system has been established to enhance investor relations and maximize shareholder value [3] Group 4: Competitive Landscape - The actual controller, China Rare Earth Group, is fulfilling its commitment to avoid competition within the same industry, while the company actively collaborates on resolving competitive issues [4][5] - The company is exploring opportunities for mergers and acquisitions to enhance its market position and operational efficiency [5] Group 5: Product Portfolio - The company's main products include rare earth minerals and oxides, specifically mixed rare earth carbonates and various oxides such as terbium and dysprosium [5]