China rare earth: first quarter net profit 72.62 million yuan, year-on-year turnaround
2025-04-27 08:25:53
On April 27th, China Rare Earth released the 2025 Quarter 1 report, with operating income of 728 million yuan, an increase of 141.32% year-on-year; the net profit attributable to shareholders of listed companies was 72.6181 million yuan, a year-on-year turnaround. The prices of some products in the rare earth market rebounded, the company adjusted its sales strategy, and its operating income increased. On the same day, the company released the 2024 annual report, and the company's operating income was 3.027 billion yuan, a decrease of 24.09% year-on-year; the net loss was 287 million yuan. Mainly due to the company's accounting standards. The amount of reserve for inventory price decline increased compared with the same period of the previous year and the impact of the larger amount.
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