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China Northern Rare Earth (Group) High-Tech Posts Poor Quarterly Earnings Report on Falling Rare Earth Prices and Sales
Apr 28, 2023, at 5:24 pm
SMM
China Northern Rare Earth (Group) High-tech Co. Ltd. announced that in the first quarter of this year, its operating income was 9.231 billion yuan, a year-on-year decrease of 5.9%.
China Northern Rare Earth (Group) High-tech Co. Ltd. announced that in the first quarter of this year, its operating income was 9.231 billion yuan, a year-on-year decrease of 5.9%, and its net profit was 922 million yuan, a year-on-year decrease of 40.83%.
The decline was mainly due to falling prices and sales of its rare earth products.
