CHINAVTM MINING (00893) announced its interim results, with a loss attributable to shareholders of 9.3 million yuan, turning from profit to loss year-on-year.

CHINAVTM MINING (00893) announced its interim results for the six months ended June 30, 2026, reporting revenue of RMB 192 million, a year-on-year decrease of 31.49%. The loss attributable to the owners of the company amounted to RMB 9.3 million, compared to a profit of RMB 0.923 million in the same period last year. The loss per share was 0.41 cents. The announcement stated that the decrease in revenue was mainly due to (i) suspended operations resulting in decreased production and sales of high-grade iron concentrate in the first half of 2026; and (ii) high inventory and weak demand in the steel consumption industry (especially as the construction and real estate sectors face ongoing adjustments in the property market) leading to a reduction in steel trading activities.