Future Bright Mining Holdings Ltd. Reports 77.88% Drop in Revenue for H1 2025; Loss Narrows by 10.06%

Reuters
Sep 12, 2025
<a href="https://laohu8.com/S/FTRHF">Future Bright</a> Mining Holdings Ltd. Reports 77.88% Drop in Revenue for H1 2025; Loss Narrows by 10.06%

Future Bright Mining Holdings Limited has reported its interim financial results for the six months ending June 30, 2025. The company recorded a significant decrease in revenue, reporting RMB9.93 million, a drop of approximately 77.88% compared to RMB44.90 million during the same period in 2024. The decline was attributed to the company's focus on expansion works for the Yiduoyan Project, an open pit mine in Hubei Province, China. During this period, no excavation work was conducted; however, some abandoned stones from the expansion works were sold, contributing approximately RMB0.10 million to the revenue. The company reported a gross profit of RMB675,000, down from RMB1.09 million in the first half of 2024. Loss before tax for the period was RMB9.73 million, slightly improved from a loss of RMB9.88 million reported in the previous year. The loss attributable to the owners of the company narrowed by approximately 10.06% to RMB8.76 million, compared to RMB9.74 million in the corresponding period of 2024. Future Bright Mining Holdings Ltd. did not provide specific guidance or outlook for the remainder of the year, focusing instead on its ongoing expansion activities and sourcing strategies within the market. The company continues to assess potential suppliers based on the types, quality, quantity, and pricing of coal, as well as the suppliers' market reputation and reliability.

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