Highlights

• The Institute of Rare Earths exceeded its full-year external revenue target by 18% in the first three quarters.
• Generated RMB 164 million in consolidated revenue.
• RMB 3.54 million in total profit was achieved.
• Secured 54 patents and initiated 94 new research projects.
• Major technological advances include:
  • Completion of a thousand-ton rare-earth ore decomposition demonstration line.
  • Stable operation of new 6 kA and 10 kA electrolytic cells.
  • Production of enhanced rare-earth aluminum conductors showing 5% performance improvements.
• The Institute is accelerating commercialization through employee technology-results assignment reform.
• Targeting 3-5 key conversions in Q4.
• Recruiting 9 advanced degree holders.
• Developing 30 kA and 50 kA electrolytic cell programs to achieve year-end profitability.

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The Institute of Rare Earths (China Academy of Sciences) (“the Institute”) reports that it has strategically anchored its full-year targets and is going “all-out” to sprint toward a red-ink-free year. It says it is deeply implementing the spirit of the 20th Plenary Session of the Party’s Fourth Plenum, firmly locking onto its annual task list and driving acceleration and efficiency across technology innovation, platform construction, and conversion of scientific achievements.

Solid results lay the foundation for the full-year sprint.

In the first three quarters, the Institute delivered an “above-expectation” business performance: consolidated operating revenue topped RMB 164 million (≈US$22–23million), of which external revenue reached RMB 35.66 million—exceeding the full-year budget target by 18%. Consolidated total profit reached RMB 3.54 million, achieving the annual budget target.

On the R&D front, strong momentum is cited for the fourth-quarter push: in-year research funding received exceeded RMB 107 million; 94 new research projects were added (9 at the national level, 35 at the autonomous-region level); 54 patents were granted (6 international, 41 invention); 43 papers were published, including 20 in SCI journals; 55 standards were issued; and 8 provincial/industry technology awards captured. The Institute was also selected as a model “Technology Benchmark Enterprise” of Inner Mongolia.

In the conversion/industrialization field, demonstration lines and platform build-up are advancing in tandem. The Institute reports completion of continuous linked commissioning of a thousand-ton-scale rare-earth ore acid-alkali slurry decomposition and flue-gas resource-utilization demonstration line. New 6 kA and 10 kA highly efficient, energy-saving electrolytic cells achieved stable industrial operation.

Production of 16 t rare-earth aluminum insulated conductor and 5 t steel-core rare-earth aluminum stranded conductor linked to the grid under a green-power project at Bayun-E’bo, showing 5 % improvement in electrical conductivity & mechanical performance. Platforms including the Bayun-E’bo Rare Earth Resources Research & Comprehensive Utilization National Key Laboratory, the Rare-Earth International Science & Technology Cooperation Base, and the Rare-Earth Metallurgy & Functional Materials National Engineering Research Center have completed acceptance or optimisation/ restructuring for next-stage development.

Multiple measures gather momentum for the push ahead.

In corporate reform and talent development, the Institute revised its “Talent Introduction Implementation Measures”, rigidly recruited 9 doctorates and masters (including 1 doctorate from a C9 university), flexibly brought in 7 high-level talents, and selected 32 part-time technical managers to boost conversion capacity. Ten people entered doctoral programs, five earned doctorates, one was selected into the China Association for Science and Technology Young Talent Program, three into the Ministry of Industry & Information Technology “Manufacturing Talent Support Plan”, and 23 new “Yingcai Xing Meng” (Inner Mongolia “talent-rising” layer) talents were added.

Focusing on conversion of results, they launched graded and classified management of outcomes: 44 results entered the achievement-library and action-list, two were licensed, yielding conversion revenue representing 30% of the incremental net profit from technology. As the first science-tech enterprise in Inner Mongolia to pilot the reform of employee-technology results assignment, the Institute selected “mixed rare-earth ore acid-alkali slurry decomposition process technology” as the pilot area to accelerate translation into industry value.

Next steps

The Institute says it will focus on three major domains toward its annual goal. On operations: target revenue growth, expand external business share, and ensure steady profit growth. On R&D: accelerate implementation of 30 kA and 50 kA electrolytic cell programmes, push demonstration lines for hundred-ton rare-earth heat-management textiles and annual 50,000-unit micro-disc rare-earth permanent-magnet motors into full output, striving for new R&D funding beyond RMB 30 million in Q4. On conversion: deepen the reform pilot of employee-technology‐results assignment, push 3–5 key results into the conversion pipeline, and work intensively to fulfil the full-year target and contribute to high-quality development of China’s rare-earth industry.

Disclaimer: This news item originates from China’s state-owned sector media. The information should be verified independently before use.

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