China Northern Rare Earth expects 135.0-138.8% profit growth
China Northern Rare Earth expects nine-month net profit to rise 135.0-138.8% year on year, Reuters reports, citing the company’s latest update.
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what happened
China Northern Rare Earth (Group) High-Tech Co Ltd expects its net profit for the nine months to increase by 135.0-138.8% from a year earlier, Reuters reports.
The company provided the forecast as part of a preliminary assessment of its nine-month financial performance. The update did not disclose the expected net profit amount.
why it matters
The projected earnings increase could affect sentiment toward China Northern Rare Earth and the broader rare-earths sector, although the company has not provided a final profit figure.
instruments
sources
- China Northern Rare Earth (Group) High-Tech Sees 9-Month Net Profit Up 135.0-138.8% Y/Y — Reuters, 12 October 2026 at 09:10 UTC
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