Business
China Rare Earth Resources And Technology: Revenue up 62% and net profit turned positive on rare earth price rebound and cost reversals
China Rare Earth Resources And Technology: Revenue up 62% and net profit turned positive on rare earth price rebound and cost reversals
About this update from China Rare Earth Resources And Technology Co., Ltd. Class A
Revenue surged 62% year-over-year to ¥1.88 billion, with net profit rebounding to ¥161.7 million, driven by rare earth price recovery and inventory write-down reversals. Key projects advanced and a major equity transfer was completed without affecting control.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.