In the first quarter of 2025, China Rare Earth reported revenue of 728 million yuan, up 141.32% year-on-year; net profit attributable to shareholders was 72.62 million yuan, up 125.15% year-on-year; non-recurring profit-adjusted net profit was 66.22 million yuan, up 122.83% year-on-year; net cash flow from operating activities was -119 million yuan, up 76.46% year-on-year; basic earnings per share were 0.068 yuan, up 125.14% year-on-year; total assets at the end of the reporting period were 5.293 billion yuan, down 3.51% year-on-year; and equity attributable to shareholders was 4.717 billion yuan, up 3.51% year-on-year.
The significant year-on-year increases in revenue and net profit attributable to shareholders in Q1 2025 were primarily due to a price recovery for some rare earth products during the reporting period and the company's adjusted sales strategy. China Rare Earth is currently focused on the production and operation of rare earth ores, rare earth oxides, and other products. It conducts separation and processing through mining and purchasing rare earth raw materials, with key products including mixed rare earth carbonates, mixed rare earth oxide concentrates, high-purity single rare earth oxides, and rare earth concentrates.
According to CTIA GROUP LTD, from January to March 2025, prices for most rare earth products in China rose both month-on-month and year-on-year. The average price of praseodymium oxide was 447,579 yuan/ton, up 4.50% month-on-month and 12.40% year-on-year; neodymium oxide averaged 440,719 yuan/ton, up 3.63% month-on-month and 11.73% year-on-year; praseodymium-neodymium oxide averaged 430,158 yuan/ton, up 2.98% month-on-month and 11.97% year-on-year; praseodymium-neodymium metal averaged 529,491 yuan/ton, up 2.55% month-on-month and 11.28% year-on-year; terbium oxide averaged 6,211 yuan/kg, up 6.35% month-on-month and 8.21% year-on-year; dysprosium oxide averaged 1,692,281 yuan/ton, down approximately 1.00% month-on-month and 13.11% year-on-year; and dysprosium-iron alloy averaged 1,655,421 yuan/ton, down approximately 1.57% month-on-month and 13.45% year-on-year.
In 2025, China Rare Earth will focus on the following priorities: first, continuing efforts in quality and efficiency improvements to enhance operational and development quality; second, advancing capital operations to improve value creation capabilities; third, driving technological innovation to strengthen core competitiveness.
