CHINA HANKING (03788) announced its results for the six months ended June 30, 2025. The group achieved revenue of RMB 1.405 billion, representing a year-on-year increase of 10.77%. Profit attributable to owners of the company amounted to RMB 104 million, down 2.93% compared to the same period last year. Earnings per share stood at 5.4 cents.

In the first half of 2025, the company's production and operations remained stable, with both production and sales volumes of iron concentrate and high-purity iron exceeding the same period last year as well as the budgeted targets for the period. However, affected by overall market conditions, the average selling price per ton of products was lower than the same period last year. Consequently, the company's revenue for the first half of 2025 reached RMB 1.405 billion, up 10.77% year-on-year, while profit for the period was RMB 104.5 million, down 1.99% compared to the previous year.

Facing an intensely competitive domestic high-purity iron industry with overall declining prices, the company's high-purity iron business followed its established strategic objectives, enhancing management levels across the entire process from procurement, production to sales, and steadily advancing various specific initiatives. In the first half of 2025, the business achieved a turnaround from loss to profit, recording a pre-tax profit of RMB 14.956 million, compared to a pre-tax loss of RMB 35.503 million in the same period last year.