作为国内稀土领域的重要企业，盛和资源主要产品包括稀土精矿、稀土氧化物、稀土盐、稀土金属、锆 英砂等，广泛应用于新能源、军工、电子信息等领域。公司经营活动遍及亚洲、美洲、欧洲、澳洲和非 洲，国际合作项目包括美国芒廷帕斯稀土矿、坦桑尼亚恩古拉稀土矿、格陵兰科瓦内湾稀土多金属矿 等。 从主要经营数据来看，公司今年第三季度稀土氧化物销售量为4340.89吨，同比增长9.50%；稀土稀有金 属销售量为5806.35吨，同比增长37.71%；锆英砂销售量为1.1万吨，同比增长18.31%；钛矿(含金红石) 销售量为2.64万吨，同比增长170%；稀土盐类销售量为2353.28吨，同比下降59.22%；稀土精矿(含独居 石)为3205.26吨，同比下降60.77%。 在业务扩张与项目推进方面，截至报告期末，公司全资子公司乐山盛和稀土有限公司年产1.5万吨高性 能稀土抛光粉项目一期工程按计划正常推进，已完成总进度的63%，预计将于2026年一季度末投产。 10月30日晚间，盛和资源（600392）披露2025年第三季度报告。公司前三季度实现营业收入104.56亿 元，同比增长26.87%；实现归母净利润7.88亿元，同比增长 ...

Core Viewpoint - The overall performance of companies in the rare earth industry is significantly improving, driven by rising market prices and effective management strategies. Group 1: Company Performance - Guangsheng Nonferrous (600259) expects a net profit attributable to shareholders of 100 million to 130 million yuan for the first three quarters of 2025, an increase of 376 million to 406 million yuan compared to the same period last year [1] - The company reported a total profit of -352 million yuan and a net profit attributable to shareholders of -276 million yuan in the same period last year [1] - The company focuses on rare earth mining, smelting separation, deep processing, and non-ferrous metal trading, aiming to build a complete rare earth industry chain [1] Group 2: Reasons for Performance Increase - Guangsheng Nonferrous attributes its performance increase to the overall rise in the rare earth market, scaling up production, and enhancing marketing strategies [2] - The company has also focused on managing loss-making enterprises and optimizing trade structures, leading to increased profitability [2] Group 3: Industry Trends - Shenghe Resources (600392) anticipates a net profit of 740 million to 820 million yuan for the first three quarters, representing a year-on-year increase of 696.82% to 782.96% [3] - The company has developed a complete industrial chain for rare earths and is benefiting from favorable market conditions and improved product pricing [3] - Northern Rare Earth (600111) expects a net profit of 1.51 billion to 1.57 billion yuan, reflecting a year-on-year increase of 272.54% to 287.34% [4]

受益于稀土价格的上涨，盛和资源三季度盈利大增。 10月14日晚，盛和资源发布业绩预告，公司预计前三季度归属上市公司股东的净利润为7.4亿元至8.2亿 元，较上年同期增加696.82%到782.96%，增速较半年报进一步拔高。 "受市场供需格局变化等因素影响，稀土主要产品市场需求整体向好、产品价格同比上涨。"盛和资源业 绩预告指出。 仅以中国稀土行业协会的稀土价格指数为例，今年7月、8月该指数便出现一轮明显上行，并于8月中旬 创下233点的年内新高，较2024年末上涨近43%。 稀土产品的种类较多，中国稀土行业协会平时追踪的主要产品便包括镧、铈、镨等十余种产品。 相比之下，上述协会开发的稀土价格指数，通过选用国内20多家稀土企业的实时交易数据，更能体现出 今年相关产品的整体运行情况。 上半年，该指数整体处于160点至180点区间震荡，直至7月开始迅速上涨，并在8月中旬升至233点附 近。 以上价格运行节奏，决定了盛和资源等稀土企业的业绩走势。 盛和资源，目前拥有稀土和锆钛两大主业，是国内少有的融南北（轻重）稀土业务于一体的稀土企业， 具体业务涵盖从选矿、冶炼分离到深加工的相对完整产业链，产品涉及稀土精矿、稀土氧 ...

记者丨董鹏 编辑丨张伟贤 受益于稀土价格的上涨，盛和资源三季度盈利大增。 10月14日晚，盛和资源发布业绩预告，公司预计前三季度归属上市公司股东的净利润为7.4亿元至8.2亿 元，较上年同期增加696.82%到782.96%，增速较半年报进一步拔高。 "受市场供需格局变化等因素影响，稀土主要产品市场需求整体向好、产品价格同比上涨。"盛和资源业 绩预告指出。 仅以中国稀土行业协会的稀土价格指数为例，今年7月、8月该指数便出现一轮明显上行，并于8月中旬 创下233点的年内新高，较2024年末上涨近43%。 所以，三季度也成为了目前盛和资源盈利最为丰厚的一个季度，而前三季度合计8亿元的净利润也已经 超过了多数机构预期。 21世纪经济报道记者注意到，除了民生证券邱祖学以外，其他卖方给出的公司全年盈利预期值普遍在7 亿至8亿元。 如今，随着盈利预期值的提前"达标"，接下来机构也可能会上调盛和资源的全年盈利预期。 稀土涨价驱动明显 相比之下，上述协会开发的稀土价格指数，通过选用国内20多家稀土企业的实时交易数据，更能体现出 今年相关产品的整体运行情况。 上半年，该指数整体处于160点至180点区间震荡，直至7月开始迅速上 ...

记者丨 董鹏 编辑丨张伟贤 受益于稀土价格的上涨，盛和资源三季度盈利大增。 10月14日晚，盛和资源发布业绩预告， 公司预计前三季度归属上市公司股东的净利润为7.4亿 元至8.2亿元，较上年同期增加696.82%到782.96%，增速较半年报进一步拔高。 "受市场供需格局变化等因素影响，稀土主要产品市场需求整体向好、产品价格同比上涨。" 盛和资源业绩预告指出。 仅以中国稀土行业协会的稀土价格指数为例，今年7月、8月该指数便出现一轮明显上行，并于 8月中旬创下233点的年内新高，较2024年末上涨近43%。 所以，三季度也成为了目前盛和资源盈利最为丰厚的一个季度，而前三季度合计8亿元的净利 润也已经超过了多数机构预期。 21世纪经济报道记者注意到，除了民生证券邱祖学以外，其他卖方给出的公司全年盈利预期值 普遍在7亿至8亿元。 如今，随着盈利预期值的提前"达标"，接下来机构也可能会上调盛和资源的全年盈利预期。 稀土涨价驱动明显 稀土产品的种类较多，中国稀土行业协会平时追踪的主要产品便包括镧、铈、镨等十余种产 品。 相比之下，上述协会开发的稀土价格指数，通过选用国内20多家稀土企业的实时交易数据，更 能体现出今年相 ...

受益于稀土价格的上涨，盛和资源（600392）三季度盈利大增。 10月14日晚，盛和资源发布业绩预告，公司预计前三季度归属上市公司股东的净利润为7.4亿元至8.2亿元，较上年同期增加696.82%到782.96%，增速较半年 报进一步拔高。 "受市场供需格局变化等因素影响，稀土主要产品市场需求整体向好、产品价格同比上涨。"盛和资源业绩预告指出。 仅以中国稀土行业协会的稀土价格指数为例，今年7月、8月该指数便出现一轮明显上行，并于8月中旬创下233点的年内新高，较2024年末上涨近43%。 所以，三季度也成为了目前盛和资源盈利最为丰厚的一个季度，而前三季度合计8亿元的净利润也已经超过了多数机构预期。 21世纪经济报道记者注意到，除了民生证券邱祖学以外，其他卖方给出的公司全年盈利预期值普遍在7亿至8亿元。 如今，随着盈利预期值的提前"达标"，接下来机构也可能会上调盛和资源的全年盈利预期。 稀土涨价驱动明显 稀土产品的种类较多，中国稀土行业协会平时追踪的主要产品便包括镧、铈、镨等十余种产品。 相比之下，上述协会开发的稀土价格指数，通过选用国内20多家稀土企业的实时交易数据，更能体现出今年相关产品的整体运行情况。 上 ...

Core Viewpoint - Shenghe Resources Holding Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by rising prices in the rare earth market and effective management strategies [2][3][4]. Financial Performance - The company achieved operating revenue of approximately 6.18 billion RMB, a year-on-year increase of 13.62% [2][3]. - Total profit reached approximately 446.14 million RMB, a substantial increase from a loss of 39.77 million RMB in the previous year [2][3]. - Net profit attributable to shareholders was approximately 376.91 million RMB, marking a 650.09% increase compared to a loss of 68.52 million RMB in the same period last year [2][3]. Business Operations - The company primarily engages in rare earth mining, smelting separation, metal processing, and zircon-titanium ore mining [4][5]. - Shenghe Resources has established a comprehensive industrial chain for rare earths, from mining to deep processing, with both domestic and international operations [4][5]. - The company is actively pursuing acquisitions, including the 100% stake in Peak Rare Earths, and has completed mergers with Jiangyin Jiahua and Zibo Jiahua [6][7]. Industry Context - Rare earths are critical strategic minerals with applications in various sectors, including new energy, materials, aerospace, and electronics [6][7]. - China remains the largest producer and exporter of rare earth materials globally, with increasing industry concentration due to the integration of domestic mining and smelting operations [6][7]. - The global demand for zircon and titanium is rising, particularly in high-end manufacturing sectors, while China continues to rely on imports for these resources [6][7]. Competitive Advantages - The company has developed a robust supply chain for rare earths and zircon-titanium, ensuring a steady supply for its downstream operations [8]. - Shenghe Resources has a strong focus on technological innovation, having secured 16 new patents and enhancing production processes to improve efficiency and product quality [8]. - The company emphasizes compliance and governance, having updated its corporate structure and operational guidelines to align with new regulations [8].

Core Viewpoint - The company, Shenghe Resources, has announced its 2024 annual profit distribution plan, proposing a cash dividend of RMB 1.00 per 10 shares, which totals approximately RMB 175.28 million, exceeding its net profit for the year, indicating a commitment to shareholder returns despite a decline in revenue and profit [3][17][81]. Company Overview - Shenghe Resources is engaged in the mining and processing of rare earth elements and zirconium-titanium resources, with a complete industrial chain from mining to deep processing [4][8][7]. - The company has significant operations in both domestic and international markets, including partnerships with companies in the United States and Australia for rare earth products [9][10]. Financial Performance - In 2024, the company reported a revenue of RMB 1,137.10 million, a decrease of 36.39% year-on-year, and a net profit of RMB 207.20 million, down 37.73% from the previous year [13][19]. - The proposed cash dividend of RMB 210.34 million for the year represents 101.52% of the net profit attributable to shareholders, highlighting a strategy to maintain shareholder returns despite financial challenges [3][17][81]. Business Segments - The company's main business segments include rare earth mining, smelting, and processing, as well as zirconium and titanium mining [4][7]. - Rare earth materials are increasingly important in various high-tech applications, and the company is positioned as a leading player in this strategic industry [4][6]. Governance and Decision-Making - The board of directors has approved the profit distribution plan and other significant resolutions during the recent board meeting, ensuring compliance with legal and regulatory requirements [19][76]. - The company emphasizes transparency and accountability in its operations, with all board members present for the decision-making process [1][19]. Future Outlook - The company plans to continue leveraging its strong position in the rare earth market while managing its financial resources effectively to ensure sustainable growth [4][8]. - The upcoming annual shareholder meeting will provide further insights into the company's strategic direction and performance [47][68].