The Strategy Of Scientific And Technological Innovation Expands The Development Of China Northern Rare Earth

At the end of August, China Northern Rare Earth (stock code 600111)published its semi-annual report. In the first half of the year, the Company realized an operating income of RMB 9.61 billion yuan, with a year-on-year growth of 12.81%, and a net profit of RMB 328 million yuan, up by 23.36%year-on-year, maintaining a good growth momentum. This follows two consecutive years of significant growth in operating revenue and net profit from 2017 to 2019. The achievement of remarkable results comes from the Company’s determination of scientific and technological innovation as a development strategy and the implementation of the"four reductions and two increases"program.