Northern Rare Earth: It is expected that the net profit for the year 2024 will decrease by 54.41% to 59.90% compared to the previous year.

A Northern Rare Earth announcement stated that, according to preliminary calculations by the financial department, it is expected that the net profit attributable to the owners of the parent company will reach between 950 million yuan and 1.08 billion yuan in 2024, a decrease of 1.29 billion yuan to 1.42 billion yuan compared to the same period last year, a year-on-year decrease of 54.41% to 59.90%. It is expected that the net profit after deducting non-recurring gains and losses attributable to the owners of the parent company will be between 820 million yuan and 950 million yuan in 2024, a decrease of 1.37 billion yuan to 1.5 billion yuan compared to the same period last year, a year-on-year decrease of 59.10% to 64.71%. The performance forecast data is only preliminary accounting data, and the specific and accurate financial data shall be subject to the audited 2024 annual report officially disclosed by the company.