China Northern Rare Earth (Group) High-Tech Co Ltd
China Northern Rare Earth (Group) High-Tech Co Ltd operates in the rare earth materials and high-tech components sector, generating revenue through the production of rare earth permanent magnets and energy-saving motors.
Business. China Northern Rare Earth (Group) High-Tech Co Ltd (600111.SS) is an integrated oil and gas company headquartered in China. The firm operates within the energy sector, focusing on upstream exploration and production activities as well as downstream refining operations. It is primarily listed on the Shanghai Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
5 analysts · consensus BuyAt a glance
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- Peers
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · BP (BP)
- EarningsQ3 2026 earnings (expected)2026-10-30 · estimated · Chevron (CVX)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
China Northern Rare Earth (Group) High-Tech Co Ltd (600111.SS) is an integrated oil and gas company headquartered in China. The firm operates within the energy sector, focusing on upstream exploration and production activities as well as downstream refining operations. It is primarily listed on the Shanghai Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
China Northern Rare Earth maintains a balanced capital structure with a debt-to-equity ratio of 0.47 and a current ratio of 2.73, indicating adequate short-term liquidity despite a medium liquidity risk rating. The company holds total assets of 48.13 billion CNY against total liabilities of 23.47 billion CNY, resulting in total equity of 24.66 billion CNY. Long-term debt stands at 11.66 billion CNY, and while free cash flow is positive at 2.17 billion CNY, the key risk flag notes that net cash is negative after subtracting total debt.
Profitability metrics show a return on equity of 5.61% and a return on assets of 2.87%, which are modest returns relative to the high valuation multiples observed. The company generated a gross profit of 5.07 billion CNY on revenue of 42.56 billion CNY, yielding an operating income of 3.38 billion CNY and net income of 2.25 billion CNY. The valuation snapshot reveals a price-to-earnings ratio of 123.68 and an EV/EBITDA of 77.20, suggesting the market is pricing in significant future growth or scarcity value despite current moderate returns.
- High valuation multiples (P/E 123.68, EV/EBITDA 77.20) contrast with modest current returns (ROE 5.61%), implying high growth expectations.
- Strong analyst consensus with a mean recommendation of 1.60 and price targets suggesting upside from the current 47.31 CNY level.
- Liquidity is adequate (current ratio 2.73) but net cash is negative after debt, posing a medium liquidity risk.
- Product focus on rare earth permanent magnets and energy-saving motors aligns with green energy trends, though segment data is sparse.
- Classification ambiguity exists between Energy/Oil & Gas (rule-based) and Materials/Metals & Mining (sector classification), affecting peer comparisons.
Bull / Bear case
Generated · model-assistedAnalysts project 16.2% upside to a mean price target of 57.36, reflecting a consensus buy recommendation.
Free cash flow surged 1,598.1% year-over-year to 2.17 billion CNY in the latest fiscal period.
Revenue grew 29.1% year-over-year to 42.56 billion CNY, demonstrating strong top-line expansion momentum.
Net income increased 124.2% year-over-year to 2.25 billion CNY, indicating significant profitability recovery.
Operating income rose 84.0% year-over-year to 3.38 billion CNY, showing improved core operational efficiency.
The company faces high credit risk, signaling potential difficulties in meeting financial obligations or debt servicing.
Net margin of 3.79% remains below the 5.18% cohort median, suggesting weaker profitability than peers.
In focus — financials by report
Revenue ¥11.41B; Operating income ¥836.6M.
- ▍Revenue ¥11.41B
- ▍Operating income ¥836.6M
- ▍Net margin 5.3%
Revenue ¥8.57B; Operating income ¥670.7M.
- ▍Revenue ¥8.57B
- ▍Operating income ¥670.7M
- ▍Net margin 4.2%
Revenue ¥7.23B; Operating income ¥169.3M.
- ▍Revenue ¥7.23B
- ▍Operating income ¥169.3M
- ▍Net margin -0.1%
Revenue ¥42.56B, +29,1% YoY; Operating income +84,0% YoY.
- ▍Revenue ¥42.56B, +29,1% YoY
- ▍Operating income +84,0% YoY
- ▍Net income +124,2% YoY
- ▍Free cash flow +1 598,1% YoY
- ▍Net margin 5.3%
Revenue ¥32.97B, −1,6% YoY; Operating income −40,8% YoY.
- ▍Revenue ¥32.97B, −1,6% YoY
- ▍Operating income −40,8% YoY
- ▍Net income −57,6% YoY
- ▍Free cash flow −89,2% YoY
- ▍Net margin 3.0%
Revenue ¥33.50B, −10,1% YoY; Operating income −58,1% YoY.
- ▍Revenue ¥33.50B, −10,1% YoY
- ▍Operating income −58,1% YoY
- ▍Net income −60,4% YoY
- ▍Free cash flow −68,5% YoY
- ▍Net margin 7.1%
Revenue ¥37.26B, +22,5% YoY; Operating income +10,8% YoY.
- ▍Revenue ¥37.26B, +22,5% YoY
- ▍Operating income +10,8% YoY
- ▍Net income +16,6% YoY
- ▍Free cash flow −26,3% YoY
- ▍Net margin 16.1%
Revenue ¥30.41B; Operating income ¥6.70B.
- ▍Revenue ¥30.41B
- ▍Operating income ¥6.70B
- ▍Net margin 16.9%
Valuation FY
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,12 |
| Revenue | —no estimate | —no estimate | 52,1B CNY |
| Operating income | —no estimate | —no estimate | 5,5B CNY |
Options
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consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- Net cash is negative after subtracting total debt.
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- Ev To Operating Incomeenterprise_value / operating_income
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Enterprise Valuemarket_cap - net_cash
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Capmarket_price * shares_outstanding_diluted
- China Northern Rare Earth (Group) High-Tech Co Ltd Market data — financials · 2026-07-06
- China Northern Rare Earth (Group) High-Tech Co Ltd Market data — analyst estimates · 2026-07-06
- China Northern Rare Earth (Group) High-Tech Co Ltd Market data — ESG · 2026-07-06
- China Northern Rare Earth (Group) High-Tech Co Ltd — company reference export (2026-07-05) · 2026-07-06