China Rare Earth Holdings Net Profit Surges 660.8%, Rare Earth Enterprise Performance Increases Across the Board

Benefiting from the rising rare earth prices in 2025 and other factors, rare earth companies generally reported significant growth in their performance.

On the evening of March 13, China Science and Technology Sanhuan released its performance brief, with operating revenue of 6.639 billion yuan in 2025, a decrease of 1.65% year-on-year; net profit attributable to parent company of 91.3556 million yuan, a year-on-year increase of 660.80%; basic earnings per share of 0.0759 yuan. During the reporting period, the company’s exchange rate gains increased compared to the same period last year; the company’s asset impairment losses significantly decreased compared to the previous year.

China Science and Technology Sanhuan stated that in 2025, facing a complex and changing external environment and increasingly fierce industry competition, the management team and all employees worked together to continuously optimize operations, actively implement cost reduction and efficiency improvement measures, and strive to promote stable operation and healthy development of the company, resulting in substantial year-on-year growth in operating performance.

The operational situation of China Science and Technology Sanhuan in 2025 is only the tip of the iceberg for the industry, with overall good performance among rare earth companies in 2025.

Northern Rare Earth is one of China’s earliest established and largest state-controlled rare earth enterprises. After years of development, the company has become the world’s largest rare earth group and industry base, with significant influence in China’s rare earth sector.

According to Northern Rare Earth’s disclosures, it is expected to achieve a net profit attributable to parent of 2.176 billion to 2.356 billion yuan in 2025, a year-on-year increase of 116.67% to 134.60%; net profit after deducting non-recurring gains and losses is expected to be 1.96 billion to 2.14 billion yuan, a year-on-year increase of 117.46% to 137.43%.

Previously, China’s rare earth industry also released earnings forecasts indicating that in 2025, net profit attributable to parent is expected to be between 143 million and 185 million yuan, turning profitable from a loss of 287 million yuan in the same period last year.

In addition, Shenghe Resources expects to achieve a net profit of 790 million to 910 million yuan in 2025, a year-on-year increase of 281.28% to 339.2%; China Rare Earth expects a net profit of 100 million to 130 million yuan in 2025, turning profitable after a loss in 2024. China Rare Earth stated that the overall trend of the rare earth market in 2025 is upward. The company actively follows market trends, seizes opportunities, enhances market analysis, coordinates enterprise management, strengthens upstream and downstream marketing, and innovates marketing models to promote growth in rare earth smelting, separation, and permanent magnet material production and sales, thereby achieving the expected profits.

It is understood that since last year, domestic rare earth prices have shown signs of recovery. According to data compiled by the China Rare Earth Industry Association, most rare earth prices increased from January to December 2025. For example, the average price of neodymium oxide in light rare earths was 508,700 yuan/ton, up 27.4% year-on-year; the average price of neodymium metal was 625,800 yuan/ton, up 27%. In heavy rare earths, the average price of 99.99% terbium oxide was 6.7387 million yuan/ton, up 17.2%; the average price of terbium metal was 8.3591 million yuan/ton, up 16.5%.

Recently, China Science and Technology Sanhuan told investors that rare earth prices are influenced by supply and demand, relevant policies, and industry development, and the company hopes prices will remain relatively stable within a reasonable range. Currently, the company has about two months of rare earth raw material inventory. Its capacity expansion plans are always based on order volume and market demand, and it will not blindly expand production.

Regarding whether the company will enter the humanoid robot field, China Science and Technology Sanhuan stated that its main products are neodymium-iron-boron permanent magnets, which have been used in industrial robots for many years. The humanoid robot industry has not yet achieved large-scale mass production. Once commercialized, it will positively impact the neodymium-iron-boron magnet industry and the company. The company is continuously monitoring developments in this field, actively communicating with relevant clients, and striving to seize potential market opportunities.

For the future landscape of the domestic rare earth industry, Northern Rare Earth stated during institutional research that overall, the domestic rare earth industry is accelerating consolidation driven by policies. After integration, southern and northern rare earth companies will be larger, more technologically advanced, and have greater market influence, enabling better response to international competition and enhancing China’s voice in the global rare earth industry. Under this new situation, industry consolidation will bring about new changes.