In 2025, Northern Rare Earth achieved a revenue of RMB 42.563 billion, a year-on-year increase of 29.11%; total profit amounted to RMB 3.384 billion, a year-on-year increase of 84.20%; net profit attributable to the parent company was RMB 2.251 billion, a year-on-year increase of 124.17%; net profit attributable to the parent company after non-recurring gains and losses was RMB 2.056 billion, a year-on-year increase of 128.10%; basic earnings per share were RMB 0.62, a year-on-year increase of 124.17%; at the end of the reporting period, total assets amounted to RMB 48.128 billion, a year-on-year increase of 6.05%; equity attributable to the parent company reached RMB 24.661 billion, a year-on-year increase of 9.94%.
Northern Rare Earth adheres to the concept of green development and the quality philosophy of "user first, brand supreme," scientifically organizing production and scheduling, strengthening the coordination between research, production, and sales. The company promotes product structure adjustments and process technology upgrades, enriches product categories to meet differentiated market demands, and conducts multi-dimensional benchmarking to drive cost reduction across the entire process, with further reductions in the total cost of processing. The systematic cost reduction has shown significant results. With market demand as the guide, the company optimizes its marketing system, innovates marketing strategies, and intensifies market development efforts. For the first time in recent years, the annual sales of lanthanum and cerium products exceeded production, and inventory consumption of these products was significantly improved. The production and sales of the company's main products increased by varying degrees compared to the previous year, providing energy-saving and carbon-reducing rare earth material choices for the development of industries such as new energy.
Northern Rare Earth continues to strengthen its industrial foundation, fully consolidating its scale advantages, and accelerates the construction of key projects as well as the transformation and upgrading towards high-end, intelligent, green, and integrated industries. The first phase of the rare earth green smelting upgrade and renovation project has been put into operation, with the production line fully connected. The second phase has started construction and is progressing rapidly. The industry chain mergers and acquisitions, joint ventures, and capacity expansion projects for rare earth metals, magnetic alloy materials, magnetic bodies, and secondary resource utilization are being efficiently advanced, with some scientific research achievements being transformed into scaled production. The company's production efficiency, industrial chain value creation capacity, and core competitiveness have been further enhanced.
Northern Rare Earth has increased its efforts in technological innovation, reformed its scientific research mechanisms, improved its research management systems, and fully utilized its research platforms to enhance research efficiency. The company drives performance growth through scientific and technological innovation, serves national and regional major technological strategies, connects market needs to promote the transformation of achievements, focuses on key challenges, and advances both research and application. The company has developed a number of new processes, new equipment, and new products, promoting the iteration and upgrading of the company's process technology and equipment manufacturing capabilities, extending the industrial chain to high-value, high-end fields, and improving the value creation level of the industrial chain.
