CHINAVTM MINING (00893.HK): Expects H1 Turnaround to Loss of No More Than RMB 10 Million

NewTimeSpace News: On 18 August 2026, China Vanadium Titano-Magnetite Mining Company Limited (stock code: 00893) issued a profit guidance, expecting a net loss attributable to owners of the Company of no more than approximately RMB 10.0 million for the first half of 2026, versus a net profit of approximately RMB 1.0 million in the prior-year period.

The announcement attributed the expected loss mainly to the continued suspension of mining operations to advance the upgrade and expansion of the Maoling-Yanglongshan iron mine, which significantly reduced the production and sales of high-grade iron concentrate; lower trading volumes due to high inventories and weak demand in the steel-consuming industry; and reduced guarantee fee income from a former subsidiary as overall guarantee risks declined substantially. The facilities management segment maintained stable recurring revenue during the period. The interim results announcement is expected to be published by the end of August 2026.

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