CNRE(600111) 每日经济新闻·2025-04-18 16:27Core Viewpoint - Northern Rare Earth reported a decline in revenue and net profit for the fiscal year 2024, primarily due to falling prices of key rare earth products, yet it remains a leader in the industry with the largest market capitalization [1][2]. Financial Performance - In 2023, Northern Rare Earth's operating revenue was 32.966 billion yuan, a year-on-year decrease of 1.58% - The net profit attributable to shareholders was 1.004 billion yuan, down 57.64% year-on-year [1]. Production and Sales - The production of rare earth oxides decreased by 7.26% to approximately 15,500 tons, while sales increased by 6.07% to about 30,600 tons, with inventory down 39.61% to around 23,000 tons [2]. - Rare earth salts production fell by 1.60% to about 125,300 tons, with sales rising by 19.26% to approximately 104,100 tons, but inventory increased by 18.30% to about 137,600 tons [2]. - Rare earth metals production rose by 19.84% to about 36,900 tons, with sales up 13.77% to approximately 35,300 tons, although inventory surged by 78.12% to 3,606.90 tons [2]. Market Outlook - The overall rare earth market is expected to remain weak in 2024, but with gradual improvements in supply and demand dynamics, the price fluctuations of major rare earth products have narrowed compared to the past three years [1]. Future Goals - For 2025, Northern Rare Earth aims to achieve operating revenue of at least 37.217 billion yuan and a total profit of over 2.820 billion yuan, while ensuring alignment between employee income, economic efficiency, and labor productivity [2].