AOWEI HOLDING (01370) Reports Interim Results with Net Loss of RMB 75.624 Million, Up 49.49% Year-over-Year
Stock News
Aug 27
AOWEI HOLDING (01370) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of RMB 273 million, representing a year-over-year decrease of 15.63%. Net loss reached RMB 75.624 million, marking a 49.49% increase compared to the same period last year. Basic loss per share stood at RMB 0.05.
According to the announcement, the group's losses during the reporting period were primarily attributed to the substantial completion of extractable reserves at the open-pit iron mine operated by subsidiary Jiheng Mining, which has temporarily suspended operations. Additionally, declining prices of iron concentrate led to reduced gross profit margins, further contributing to the group's financial performance.
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