- Northern Rare Earth reported net income of 45.4 million yuan for the first half of 2024, compared to 1.06 billion yuan for the same period last year. This represents a 96% decrease year-on-year.
- Revenue for the first half of 2024 was 12.99 billion yuan, showing a 21% drop compared to the previous year.
- Earnings per share (EPS) are now 1.260 RMB cents, significantly lower than the 29.21 RMB cents reported for the same period last year.
- The company has strong investor confidence, with 9 analysts rating it as a “buy” and none rating it as a “hold” or “sell”.
- Comparisons are based on the company’s original disclosures from previous reporting periods.
China Northern Rare Earth Group High-Tech on Smartkarma
Analyst coverage of China Northern Rare Earth Group High-Tech by Janaghan Jeyakumar, CFA on Smartkarma reveals a bearish sentiment in the latest report titled “Quiddity SSE50/180 Jun 24 Rebalance: US$1.8bn One-Way Flow; LONGs up 8.6% Vs SHORTs in a Month“. The report discusses the impact of the June 2024 index review results for the SSE 50 and SSE 180 indices, highlighting potential index flows of approximately US$1.8bn during the upcoming rebalancing event. It notes that some trades suggested in early May need modification, with LONG positions performing better by 5.6% compared to a 3.0% decline in SHORT positions.
A look at China Northern Rare Earth Group High-Tech Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Northern Rare Earth Group High-Tech Co. Ltd. is positioned for a promising long-term outlook based on the Smartkarma Smart Scores analysis. With a strong focus on growth and resilience, the company is set to capitalize on its operations in the mining, smelting, separation, and utilization sectors in Inner Mongolia. Despite moderate scores in value and dividend factors, the higher scores in growth and resilience highlight the potential for sustained expansion and ability to overcome challenges.
The company’s momentum score further adds to its positive outlook, indicating a favorable trend in its market performance. Drawing on its expertise in rare earth minerals and technological advancements, China Northern Rare Earth Group High-Tech is well-positioned to thrive in the long term, leveraging its strengths to drive continued success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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