China Northern Rare Earth Group High-Tech Co,a listed company on China’s A-share market,announced on Monday that it expects to achieve net profit attributable to owners of the parent company of 900 million yuan($131.81 million)to 940 million yuan for the first quarter of 2026,representing a year-on-year increase of 109.14 percent to 118.43 percent,according to the company’s statement.

Regarding the reasons for the first-quarter performance,the company said that in the first three months,the rare earth market as a whole showed a strengthening trend,with prices of major rare-earth products fluctuating upward.The company focused on its annual production and operation targets,strengthened comprehensive budget management,optimized production scheduling,enhanced group-level management and risk control,and advanced key project construction,it said.

These efforts,supported by strong industrial chain value creation capabilities and core competitiveness,provided solid support and assurance for the company’s robust operating performance,according to the statement.

According to the company,the first phase of the rare-earth green smelting upgrade and transformation project has already commenced production,with the entire production line now fully operational.The main structure of the second-phase main process plant has been completed,and internal construction along with equipment procurement and bidding are currently underway.In addition,merger and acquisition projects,joint ventures,cooperation initiatives,capacity expansion,and production ramp-up projects across the rare earth metal,magnetic material alloy,magnet,and secondary resource utilization segments of the industrial chain are progressing in an orderly manner.

On the same day,the company also released its 2025 performance report.According to the report,the company achieved total operating revenue of approximately 42.563 billion yuan in 2025,representing a year-on-year increase of 29.11 percent.Net profit attributable to shareholders of the listed company reached approximately 2.251 billion yuan,up 124.17 percent year-on-year.

According to statistics from financial data provider East Money,China Northern Rare Earth Group High-Tech Co is the largest listed company in the A-share rare earth sector by market capitalization,chinanews.com reported.As of the market close on Monday,the company’s total A-share market value exceeded 180 billion yuan.