Ten rare earth permanent magnet industry listed companies have disclosed their interim performance forecasts. Huahong Technology is expected to achieve a net profit increase of nearly 40 times in the first half of the year compared to the same period last year.

According to statistics, as of the deadline, including Huahong Technology, Northern Rare Earth, Ningbo Yunsheng, Yoyan New Materials, Jinli Permanent Magnet, Hengdian Dongci, Shenghe Resources, China Rare Earth, Guangsheng Nonferrous, and Zhongke Sanhuan, a total of 10 listed companies in the rare earth permanent magnet industry have disclosed their performance forecasts for the first half of the year. Among them, Huahong Technology is expected to increase its net profit in the first half of the year by 3047%-3722% year-on-year, and Northern Rare Earth is expected to increase its net profit by 1883%-2015% year-on-year. In terms of quarter-on-quarter performance, Zhongke Sanhuan is expected to increase its net profit by 59%-185% in Q2, and Ningbo Yunsheng is expected to increase its net profit by 42%-163% in Q2. *XiaoCai Note: Huahong Technology released its performance forecast after hours yesterday, and closed with three consecutive limit-up today.