Do you know about northern rare earths? How much do you know about Northern Rare Earth? Today, Financial Manager will introduce to you Northern Rare Earth. A brief introduction to Northern Rare Earth (600111) is as follows:
China Northern Rare Earth (Group) High-Tech Co., Ltd. was formerly Baotou Steel 8861 Rare Earth Experimental Plant, which was founded in 1961. In September 1997, Baotou Steel (Group) Company joined hands with Jiaxin Co., Ltd. (Hong Kong) and Baotou Iron & Steel Integrated Enterprise Company to establish a joint-stock company based on the assets of Baotou Iron & Steel Rare Earth Plant No. 3 and the ore dressing plant’s rare earth separation workshop and successfully listed on the market. , becoming the “No. 1 China Rare Earth Stock” with stock code “600111”. As of the end of June 2017, the company's total share capital was 3.633 billion shares, of which Baotou Steel (Group) Company held 38.92 shares as the controlling shareholder, Jiaxin Company held 8.62 shares, and other social circulating shares accounted for 52.46 of the company's total share capital, with total assets of 183 billion, with net assets of 8.5 billion yuan. As of August 31, 2017, the company's stock closing price was 18.09 yuan per share, with a total market value of 65.8 billion yuan.
After more than 50 years of development, Northern Rare Earth has 37 directly owned factories, branches and wholly-owned, holding and joint-stock companies, located in 10 provinces (municipalities) and autonomous regions across the country, with rare earth mineral processing, smelting, A complete industrial chain of functional materials and deep processing application products, it is a cross-regional, cross-ownership, and multi-field high-tech enterprise group. The company has more than 9,800 registered employees. The production process is divided into four major sections: ① rare earth mineral processing, ② rare earth smelting, ③ functional materials (magnetic materials, polishing, hydrogen storage, luminescence, and catalysis), ④ deep processing application products (nickel-hydrogen power batteries, rare earth Permanent magnet magnetic resonance imager, LED packaging line). Scientific research is mainly centered on Baotou Rare Earth Institute and includes various R&D technology innovation platforms. Inner Mongolia Baotang Rare Earth International Trading Co., Ltd. is responsible for the unified trade of raw material products, and functional materials and application products are sold independently by each subsidiary.
For many years, Northern Rare Earth has adhered to the development idea of ??“making refined and fine rare earth raw materials, strengthening and high-quality rare earth materials, and expanding downstream terminal application products”, and can produce ***11 types of rare earth products. Major categories, more than 50 species, nearly a thousand specifications. At present, the raw material products have a rare earth mineral processing capacity of 140,000 tons/year (equivalent to 70,000 tons of rare earth oxides), a smelting separation capacity of 80,000 tons/year, and a rare earth metal production capacity of 10,000 tons/year. The rare earth raw material production capacity ranks first in the world; Among rare earth functional materials, the magnetic material alloy has a production capacity of 30,000 tons/year, ranking first in the world; the production capacity of polishing materials is 14,000 tons/year, and the hydrogen storage alloy is 3,000 tons/year, accounting for more than half of the domestic market share; the luminescent materials are 1,000 tons/year. In the field of rare earth application products, it has built a production base with an annual output of 100 rare earth permanent magnet magnetic resonance imagers, a capacity of 1 million circular nickel-metal hydride power batteries for hybrid vehicles/year, and an annual capacity of 6 billion LED packages.
In recent years, the sales revenue of northern rare earth downstream products has increased year by year. The sales revenue of rare earth functional materials and their extended products has exceeded 30%, and the industrial structure has been further optimized. It has initially established a new enterprise development model that transforms from extensive growth based on scale and speed to intensive growth based on quality and efficiency. It is the world's largest rare earth enterprise group integrating production, scientific research, and trade.