CHINAVTM MINING (00893) announced that the group expects to achieve net profit attributable to company shareholders of no more than approximately RMB 1.5 million for the first half of 2025, compared to a net loss attributable to company shareholders of approximately RMB 200,000 for the first half of 2024. The estimated improved financial performance for the first half of 2025 is primarily attributable to: (a)(i) increased guarantee fee income; and (ii) increased other income from the derecognition of certain payables; (b) reduced other expenses in the absence of losses on disposal of fixed assets and certain non-recurring expenses that were incurred in the first half of 2024; (c) reduced finance costs due to lower average funding costs in China. The above factors (i) are supported by stable income sources from the group's facilities management services segment, but (ii) are partially offset by higher environmental compliance costs and lower economies of scale resulting from reduced production caused by ongoing upgrade and gradual expansion projects related to the high-grade iron ore field business.