China Northern Rare Earth(Group) High-Tech Co.,Ltd.’s Net Profit Dropped 69.7% in First Three Quarters of 2023

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 1.6 billion yuan in the first three quarters of 2023, down 69.7% year-on-year.

Meanwhile, the company posted 24.9 billion yuan in revenue, down 11% year-on-year.

At the end of the reporting period, it had 40.6 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.