China Northern Rare Earth (Group) High-Tech Co., Ltd. was formerly the Baogang 8861 Rare Earth Experimental Factory, which was founded in 1961. In September 1997, Baosteel (Group) Company, jointly with Jiaxin Co., Ltd. (Hong Kong) and Baosteel Comprehensive Enterprise Company, based on the assets of Baosteel Rare Earth Factory 3 and the mineral processing plant, initiated the establishment of a joint stock company and successfully listed it. , stock code "600111". The company mainly produces and operates rare earth raw materials products (rare earth salts, rare earth oxides and rare earth metals), rare earth functional material products (rare earth magnetic materials, polishing materials, hydrogen storage materials, luminescent materials, catalytic materials) and some rare earth application products (nickel hydrogen hydrogen Power batteries, rare earth permanent magnet magnetic resonator, LED lamp beads).

After years of development, Northern Rare Earth has nearly 40 companies including directly affiliated factories (branches), wholly-owned, controlled and shareholders, distributed in 10 provinces (cities) autonomous regions across the country, and has a complete industry of rare earth smelting, functional materials, and deep processing application products. Chain is a high-tech enterprise group that crosses regions, cross ownership and multiple fields.

Relying on the advantages of Baiyun Ebo rare earth resources controlled by the controlling shareholder Baogang (Group) Company, the company purchases rare earth raw materials from enterprises under the control of the controlling shareholder. Under the guidance of the National Rare Earth Total Control Plan, the company will use the company's direct factory and the entrusted controlling and holding companies to Rare earth raw materials are processed into mixed rare carbonate earths, and the company's direct factory, controlling and shareholders will separate the mixed rare carbonate earths into single or mixed rare earth salts, rare earth oxides and rare earth metal products. The company conducts unified acquisition and sale of the above rare earth smelting and separation products, and at the same time gives full play to the role of subordinate domestic trade companies to carry out diversified trade such as rare earths and non-rare earths, and expand the trade field. The company leverages the scientific research advantages of its subordinate Rare Earth Research Institute to provide technical support for industrial operations. In order to increase the added value of rare earth products, promote the use of the advantages of rare earth resources and the transformation of high added value, the company develops, produces and sells new rare earth materials, functional materials and terminal applications through a wholly-owned, joint venture, and joint reorganized rare earth material processing and terminal application company. Products, extend the industrial chain.

Over the years, Northern Rare Earth has adhered to the development idea of ​​"making refined and fine rare earth raw materials, strengthening and improving rare earth materials, and expanding downstream terminal application products", and can produce 11 major categories, more than 50 types, and nearly 1,000 rare earth products of various types. Specifications. At present, the company's smelting and separation capacity is 80,000 tons/year, and rare earth metal production capacity is 10,000 tons/year, and the rare earth raw material production capacity ranks first in the world; among rare earth functional materials, magnetic material alloys are 30,000 tons/year, and the production capacity is first in the world; polishing The material production capacity 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; luminescent materials are 1,000 tons/year. In the field of rare earth application products, a production base of 100 rare earth permanent magnet magnetic resonance imagers has been built, with a capacity of 1 million round nickel-hydrogen power batteries for hybrid automobiles and a capacity of 6 billion LED packaging per year. In recent years, the sales revenue of northern rare earth downstream products has increased year by year, and the sales revenue of rare earth functional materials and their extended products accounted for more than 30%. The industrial structure has been continuously optimized, and it has initially established a large-scale growth from scale-speed extensive growth to mass-efficiency-based intensive growth. A new model of transforming corporate development.