Minmetals left behind: revenue fell to 960 million in the first three quarters and 15.5 billion in northern China

Recently, two rare earth enterprises Minmetals rare earth (000831. SZ) and North rare earth (600111. SH) respectively disclosed the third quarter report of 2020. From January to September this year, the operating income of Minmetals and rare earth decreased by 25.47% year-on-year, only 964 million yuan, while that of northern rare earth increased by 10.26% to 15.529 billion yuan. On the evening of October 23, Minmetals issued the third quarter report of 2020. From January to September 2020, Minmetals rare earth achieved a revenue of 964 million yuan, a year-on-year decrease of 25.47%; the net profit attributable to the shareholders of the listed company was 135 million yuan, with a year-on-year increase of 118.81%; the net profit attributable to the shareholders of the listed company after deducting non recurring profit and loss was 19.976 million yuan, with a year-on-year decrease of 67.07%; the net cash flow generated from operating activities was 46.2187 million yuan, with a year-on-year increase of 130.37%. < p > < p > on the evening of October 26, northern rare earth released the third quarter report of 2020. From January to September 2020, northern rare earth achieved 15.529 billion yuan of operating income, with a year-on-year growth of 10.26%; the net profit attributable to shareholders of listed companies was 508 million yuan, with a year-on-year increase of 10.13%; the net profit of deducting non recurring profit and loss attributable to shareholders of listed companies was 466 million yuan, with a year-on-year increase of 17.67%; the net cash flow from operating activities was 290 million yuan, with a year-on-year increase of 13.10%. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.