Glonghui, Oct. 25 | Huaan Securities Research Report pointed out that the short-term performance pressure of Northern Rare Earth (600111.SH) is still there, and the price of rare earths has ushered in a turning point, maintaining a “buy” rating. The company's net profit for the third quarter was 324 million yuan, a year-on-year decrease of 78.43%; net profit after deducting non-return net profit of 320 million yuan, a year-on-year decrease of 79.96%. In the fourth quarter of 2023, the transaction price of rare earth concentrate was adjusted to 20,536 yuan/ton without tax, achieving the first price increase this year. The listing price of rare earth products, including praseodymium oxide, is also picking up, but at a slow pace. In order to raise the company's level of informatization and accelerate digital and intelligent transformation and upgrading, the company plans to use no more than 82.81 million yuan of its own capital to build a smart management and control platform.