Griam: Net profit in the first half of the year is expected to increase by 179%-240% year-on-year

Griam released its performance forecast for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 114 million yuan and 139 million yuan, a year-on-year increase of 179% to 240%. The company stated that the significant growth in performance is mainly due to the sales revenue of its wholly-owned subsidiary, Griam Yijin Target Materials, increasing by over 50% year-on-year, with a net profit increase of over 50 million yuan year-on-year; the net loss of its holding subsidiary, Griam Rare Earth, has narrowed, reducing losses by over 36 million yuan year-on-year