Huahong Technology: Net profit in the first three quarters increased by 7111% year-on-year, and the comprehensive utilization of rare earth resources business has a good momentum of development, resulting in a significant improvement in profits compared with the same period of the previous year
2025-10-29 10:53:07
On October 29th, Huahong Technology released the third quarter report of 2025. The third quarter revenue was 2.302 billion yuan, an increase of 70.39% year-on-year; the net profit was 117 million yuan, an increase of 23211.89% year-on-year. The revenue in the first three quarters was 5.461 billion yuan, an increase of 34.94% year-on-year; the net profit was 197 million yuan, an increase of 7110.70% year-on-year. The substantial increase in performance was mainly affected by factors such as national policies, market supply and demand and international trade. The market prices of major rare earth products in China stabilized and rebounded. The company's rare earth resources comprehensive utilization business has a good momentum of development, and its income has improved significantly compared with
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