CHINAVTM MINING released its annual performance, with a shareholder attributable loss of 20.662 million yuan, turning from profit to loss year-on-year

CHINAVTM MINING released its annual performance report for the year ending December 31, 2024, showing that the company's revenue was 542 million yuan, a year-on-year decrease of 30.9%; the loss attributable to shareholders was 20.662 million yuan, compared to a profit of 9.697 million yuan in the same period last year, with a loss per share of 0.92 yuan. The overall decline in profitability was mainly due to the suspension of operations at the Maoling - Yanglongshan iron ore mine. Although the price of high-grade iron concentrate has risen, the trading business has declined due to oversupply and weak domestic demand. The company partially offset the decline in profitability by expanding its facility management services