According to the Shanghai stock exchange news, as of July 14, a number of rare earth industry chain listed companies have forecast the performance of the first half of the year. Among them, Baotou Steel, Jinli permanent magnet, and Antai science and technology all made profits in the first half of the year, surpassing the level of last year. Sufficient orders, rising prices, and better prosperity of the industry have become the key words for their profits.
Institutions generally believe that rare earth prices are expected to continue to rise in the third and fourth quarters, benefiting from stronger demand in downstream areas such as new energy vehicles, air conditioning and 3C. In addition, “rare earth management regulations (Draft)” may be officially launched in the second half of the year, and rare earth plate is expected to enter a new era of “cycle + growth”.
A number of enterprises made profits in the first half of the year to catch up with last year’s full year
Baotou Iron and Steel Co., Ltd. issued a pre increase announcement on performance on July 12. It is expected to achieve a net profit of 2 billion yuan to 2.8 billion yuan in the first half of the year, with a year-on-year increase of 2281% to 3233%. Last year, the company’s net profit returned to the parent company was 406 million yuan. According to the previous annual report, the company plans to achieve operating revenue of 63.6 billion yuan and total profit of 2.4 billion yuan in 2021.
Accordingly, Baotou Steel has basically completed the annual performance target in the first half of the year.
Baotou Steel attributed the rapid growth of its performance to the sharp rise of steel market and rare earth market prices in the first half of the year.
As a downstream enterprise producing high-performance NdFeB permanent magnet materials, Jinli permanent magnet is expected to achieve a net profit of 210 million yuan to 238 million yuan in the first half of this year, a year-on-year increase of 130% to 160%, close to 244 million yuan in 2020.
In the performance forecast, Jinli permanent magnet said that in the first half of 2021, the company had sufficient orders on hand and fully utilized production capacity, and the output and sales volume of grain boundary penetration products increased rapidly.