China Rare Earth Resources and Technology Co., Ltd.
000831.SZ · SHZ
Company research
China Minmetals Rare Earth Co., Ltd. (now known as China Rare Earth Resources and Technology Co., Ltd.), listed on the Shenzhen Stock Exchange under ticker 000831.SZ, is a leading state-owned enterprise engaged in the mining, smelting, separation, processing, and global distribution of rare earth materials, headquartered in Ganzhou, China. Founded in 1998 and currently operating under the oversight of China Rareearth Group, the company offers a comprehensive portfolio of high-purity single rare earth oxides — including lanthanum, cerium, neodymium, terbium, dysprosium, europium, and yttrium — as well as rare earth metals, mixed rare earth carbonates, and other processed rare earth products. Its products serve a wide range of high-tech applications, including magnetic materials, luminescent materials, catalytic materials, advanced electronics, and renewable energy technologies. The company further provides rare earth technology research, development, and consulting services, reinforcing its position as a critical player in both the domestic Chinese and global rare earth supply chains.
Research reports
The report reviews 2025 results and 2026 Q1, highlighting strong revenue and profit growth driven by rising rare earth prices, new separation capacity coming online, and tighter production and sales management, and maintains a buy rating with detailed EPS and valuation forecasts for 2026–2028. It also sets out key risks including increased market competition, weaker-than-expected downstream demand, raw material price volatility, policy and regulatory changes, technology substitution, and geopolitical uncertainty.
渤海证券股份有限公司 · September 30, 2025中国稀土(000831)深度报告：内修主业稳健发展 优质资产注入可期This deep-dive frames China Rare Earth as the China Rare Earth Group’s specialized listed platform with H1 2025 profitability improving on rare earth price recovery and better margins, and argues that tight supply, broadening demand in EVs, wind and robotics, and expected asset injections support long-term growth. The analysts initiate coverage with an “增持” (overweight) recommendation, provide detailed earnings and PE projections through 2027, and flag risks around product price swings, policy changes, raw material supply, market competition, and safety/environmental factors.
天风证券股份有限公司 · September 5, 2025中国稀土（000831）：业绩修复明显，供给侧迎持续优化Tian风 Securities’ half-year review finds that H1 2025 revenue and profits are clearly recovering on both volume and price, supported by capacity ramp-up at key separation plants and a visible upturn in major rare earth oxide prices, and it maintains a buy rating with upgraded profit forecasts. The report stresses the company’s resource advantages, integrated mining–separation model, and high earnings leverage to further price gains, while highlighting risks from domestic policy shifts, demand shortfalls, and overseas supply or trade developments.
华源证券股份有限公司 · August 5, 2025中国稀土(000831.SZ)：中稀集团核心上市平台，资源冶炼协同布局成长可期This initiation report presents China Rare Earth as the core listed platform of China Rare Earth Group, emphasizing its scarce ion-absorbed resource base, 12,400 t/year separation capacity, and leading capabilities in high-purity customized products, and projects rapid profit growth from 2025–2027 as rare earth prices and utilization rates improve. It assigns an “增持” (overweight) rating based on peer comparison, arguing that tightening supply, expanding high-performance magnet demand, and potential group asset integration underpin upside, while noting demand volatility, project execution, raw material price swings, and market-sizing uncertainties as key risks.