AOWEI HOLDING (01370) has released its annual results for the year ended December 31, 2025. The Group reported revenue of RMB633 million, representing a decrease of 1.99% compared to the previous year. The annual loss was RMB236 million, which is 18.38% lower year-on-year. The basic loss per share was RMB0.14.

Throughout 2025, the average selling price of the Group's iron ore concentrate experienced a volatile downward trend. In an effort to improve profitability, the Group continued to deepen its cost-reduction initiatives. These measures effectively led to a decrease in production costs and an enhancement in operational efficiency. As a result, the Group achieved an increase in both the production and sales volume of iron ore concentrate, alongside a reduction in unit cash operating costs.

For the year ended December 31, 2025, the Group's production of iron ore concentrate was approximately 749.4 thousand tonnes, an increase of about 3.8% compared to the same period last year. During the reporting period, sales volume of iron ore concentrate reached approximately 754.2 thousand tonnes, an increase of about 2.0% year-on-year. The average selling price for iron ore concentrate was approximately RMB732.4 per tonne, a decrease of about 8.2% from the previous year. In the same period, the average unit cash operating cost for iron ore concentrate at the Jingyuancheng project was approximately RMB608.6 per tonne, a reduction of about 8.1% compared to the prior year.