CHINAVTM MINING (00893) issues a profit warning, expecting a net loss attributable to shareholders of no more than approximately 10 million yuan, reversing from profit to loss year-on-year.

CHINAVTM MINING (00893) announced that based on the current available information and the board's preliminary review of the group's unaudited consolidated management accounts for the six months ending June 30, 2026 (the first half of 2026), the group expects to incur a net loss attributable to the owners of the company of not more than approximately RMB 10 million (for the first half of 2025: a net profit attributable to the owners of the company of approximately RMB 1 million). Based on the information currently available to the group, the net loss for the first half of 2026 is primarily attributed to: The continued suspension of mining operations to promote the upgrading and expansion of the Maoling-Yanglongshan iron mine (as announced on September 30, 2025), resulting in a significant decrease in the output and sales of high-grade iron concentrate; High inventory and weak demand in the steel consumption industry leading to a decline in trade volume, particularly as the construction and real estate sectors face a prolonged downturn in the housing market; and A reduction in guarantee fee income related to CHINAVTM MINING due to a significant decrease in overall guarantee risks from former subsidiaries.