---
title: "CHINAVTM MINING released its annual performance, with a shareholder attributable loss of 20.662 million yuan, turning from profit to loss year-on-year"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/233470092.md"
description: "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"
datetime: "2025-03-27T13:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233470092.md)
  - [en](https://longbridge.com/en/news/233470092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233470092.md)
---

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

According to the Zhitong Finance APP, China Iron Titanium (00893) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of RMB 542 million, a year-on-year decrease of 30.9%; the loss attributable to shareholders was RMB 20.662 million, compared to a profit of RMB 9.697 million in the same period last year; the loss per share was RMB 0.92.

During the reporting period, the overall profitability of the group declined, mainly due to the suspension of operations at the Maoling-Yanglongshan Iron Mine from July to November 2024 due to an incident involving a contractor. Despite facing such operational challenges, the average selling price of high-grade iron concentrate still increased. However, the trading business declined due to oversupply and weak domestic demand, reflecting the broader trend of the Chinese economic environment.

In addition, despite the weak market atmosphere leading to a decline in steel trading volume and average selling prices, the group was able to expand its facility management services business, which made a positive contribution to revenue and offset part of the decline in profitability

### 相關股票

- [CHINAVTM MINING (00893.HK)](https://longbridge.com/zh-HK/quote/00893.HK.md)

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