China Northern Rare Earth(Group) High-Tech Co.,Ltd.’s Net Profit Rose 13.3% in 2022

China Northern Rare Earth(Group) High-Tech Co.,Ltd. (中国北方稀土(集团)高科技股份有限公司) (600111.SH) reported a net profit of 6.4 billion yuan in 2022, up 13.3% year-on-year.

Meanwhile, the company posted 37.3 billion yuan in revenue, up 22.5% year-on-year.

At the end of the reporting period, it had 36.6 billion yuan in total assets and 11.6 billion yuan in total liabilities, with a liability-to-asset ratio of 31.7%.