AOWEI HOLDING released its interim results, reporting a net loss of 75.624 million yuan, an increase of 49.49% year-on-year
AOWEI HOLDING released its interim results for the period ending June 30, 2025, reporting revenue of 273 million yuan, a year-on-year decrease of 15.63%; a net loss of 75.624 million yuan, a year-on-year increase of 49.49%; and a basic loss per share of 0.05 yuan. The loss was mainly due to the depletion of the extractable portion of the open-pit iron ore at Jiheng Mining and a decline in the selling price of iron concentrate, leading to a decrease in gross margin
According to the Zhitong Finance APP, AOWEI HOLDING (01370) released its interim results for the six months ending June 30, 2025. The group achieved revenue of RMB 273 million, a year-on-year decrease of 15.63%; net loss of RMB 75.624 million, a year-on-year increase of 49.49%; basic loss per share of RMB 0.05.
The announcement stated that the group's losses during the reporting period were mainly due to the depletion of the exploitable portion of its subsidiary Jiheng Mining's open-pit iron ore and the suspension of mining; as well as the decline in the selling price of iron concentrate leading to a decrease in gross profit margin
