In Q1 2025, Northern Rare Earth reported revenue of 9.287 billion yuan, up 61.19% year-on-year; net profit attributable to shareholders was 431 million yuan, up 727.30% year-on-year; non-recurring profit-adjusted net profit was 435 million yuan, up 11,622.98% year-on-year; basic earnings per share were 0.12 yuan, up 727.30% year-on-year; net cash flow from operating activities was 410 million yuan, up 371.14% year-on-year; total assets at the end of the period were 46.235 billion yuan, up 1.88% year-on-year; and net assets attributable to shareholders were 22.87 billion yuan, up 1.95% year-on-year.

Rare earth market update on May 6, 2025

The overall domestic rare earth market remained stable, with traders primarily maintaining rigid transactions and product price showing no significant changes.

Rare earth market update on May 7, 2025

The domestic rare earth market in China maintains stable operation, with supply and demand in a relatively balanced state, leading to a somewhat stagnant negotiation atmosphere between buyers and sellers.

I. Analysis of China's Rare Earth Price Trends in April 2025

According to CTIA GROUP LTD, the price trends of mainstream light and heavy rare earth products in China during April 2025 showed pergence: praseodymium-neodymium prices fluctuated downward, while dysprosium and terbium prices initially rose before declining.