Northern Rare Earths Net Profit Drops Over 70% in Q3 2023

Recently, Northern Rare Earth released a report that the company realized operating revenue of 8.440 billion yuan in the third quarter of 2023, up 7.25% year-on-year; attributable net profit of 324 million yuan, down 78.43% year-on-year; withholding net profit of 320 million yuan, down 79.96% year-on-year; basic earnings per share of 0.0898 yuan; at the end of the reporting period, the total assets of 40.644 billion yuan, an increase of 10.90%; parent-owned equity of 20.690 billion yuan, an increase of 4.33%.

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