[Northern Rare Earth: Net profit is expected to increase by 135%-139% year-on-year in the first three quarters of 2026] On October 12, Northern Rare Earth (600111.SH) announced that the net profit attributable to the owners of the parent company in the first three quarters of 2026 is expected to be 3.620 billion-3.680 billion yuan, a year-on-year increase of 134.95%-138.84%. The performance changes are mainly due to the high and volatile prices of major rare earth products. The company has strengthened cost reduction and efficiency improvement, optimized sales strategies, and continued to release the synergy advantages of the entire industry chain. Xiaocai Note: The company’s Q3 net profit is expected to be 1.567 billion-1.627 billion, and Q2 net profit is 1.135 billion. Based on this calculation, Q3 net profit is expected to increase by 37%-43% month-on-month.