Business
China Rare Earth Resources And Technology: Net loss of ¥203 million on 45% lower revenue, with major share repurchase underway
China Rare Earth Resources And Technology: Net loss of ¥203 million on 45% lower revenue, with major share repurchase underway
About this update from China Rare Earth Resources And Technology Co., Ltd. Class A
Revenue fell 45% year-over-year to ¥1.95 billion, with a net loss of ¥203 million due to rare earth price declines and inventory write-downs. The company is executing a major share repurchase and dividend payout amid challenging market conditions.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.