Northern rare earth: net profit in the first three quarters increased by 21.56% year-on-year

On October 25, China's largest rare earth supplier, North China Rare Earth (Group) High-Tech Co., Ltd. (hereinafter referred to as “Northern Rare Earth”, 600111) released the third quarter report of 2019, and the company opened its business in the first three quarters. Revenue was 14.085 billion yuan, up 51.18% compared with the same period of last year (year-on-year); net profit attributable to shareholders of listed companies was 461 million yuan, up 21.56% year-on-year; basic earnings per share was 0.1269 yuan/share, up 22.02% year-on-year. According to the unaudited production and operation data disclosed at the same time, the rare earth oxides, rare earth metals, rare earth metals, magnetic materials, polishing materials and hydrogen storage materials produced by the northern rare earths in the third quarter were 5258.00 tons, 13,804.60 tons and 2721.81 tons, respectively. 6313.80 tons, 5575.02 tons, 421.39 tons; sales volume was 3347.48 tons, 11966.19 tons, 3324.14 tons, 6534.44 tons, 6139.49 tons, 473.83 tons; gross profit margins were 26.26%, 26.69%, 26.34%, 13.08%, 22.12%, 5.28%