AOWEI HOLDING (01370.HK): Expects H1 Loss to Narrow Over 73.5% to No More Than RMB 20 Million

NewTimeSpace News: On 20 August 2026, Aowei Holding Limited (stock code: 01370) issued a profit alert, expecting a loss attributable to equity holders of no more than approximately RMB 20.0 million for the first half of 2026, down approximately 73.5% from a loss of RMB 75.6 million in the prior-year period.

The announcement attributed the narrowing mainly to higher gross margins driven by rising iron concentrate selling prices and strengthened cost control on raw material procurement and transportation; the gradual recovery of the aggregates business of Laiyuan County Jiheng Mining Co., Ltd. with increased production and sales; and a swing in expected credit loss impairment (net of reversals) from a large provision in the prior-year period to a reversal in the current period. The interim results will be announced by the end of August 2026.

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