CMRU released its interim results, with a loss attributable to shareholders of 208 million yuan, a year-on-year decrease of 6.16%
China Metal Resources Utilization released its interim results for the period ending June 30, 2025, with a revenue of 341 million yuan, a year-on-year decrease of 24.96%; a loss attributable to shareholders of 208 million yuan, a year-on-year decrease of 6.16%; and a loss per share of 0.46 yuan. The company has sold 4,877 tons of recycled copper products, generating sales of 339 million yuan. Due to insufficient working capital and a poor real estate market, the telecommunications cable and power distribution cable businesses have not yet recovered, and it is expected that operations will resume after the market stabilizes
According to the Zhitong Finance APP, China Metal Resources Utilization (01636) announced its interim results for the six months ending June 30, 2025. The group achieved a revenue of 341 million yuan, a year-on-year decrease of 24.96%; the loss attributable to shareholders was 208 million yuan, a year-on-year decrease of 6.16%; and the loss per share was 0.46 yuan.
For the six months ending June 30, 2025, the group sold 4,877 tons of recycled copper products, generating a revenue of 339 million yuan from recycled copper product sales. Due to a lack of operating funds and poor market conditions in the real estate industry, the group's communication cable and power distribution cable businesses have yet to resume operations, although most products have been sold. As the real estate market begins to stabilize, the company expects that once the group secures sufficient operating funds, it will resume these two downstream businesses
