Chinavtm mining (00893.HK) announced on August 28 that the group's interim performance for the six months ended June 30, 2024, the group's revenue for the first half of 2024 was approximately RMB 0.289 billion, a year-on-year increase of 2.84%; the group recorded a slight net loss of approximately RMB 0.2 million for the first half of 2024. The basic and diluted loss per share of the group's common stock held by shareholders for the first half of 2024 was approximately RMB 0.01 (for the first half of 2023: earnings per share of RMB 0.27 for the group's common stock held by shareholders); and the board of directors does not recommend the payment of interim dividends for the first half of 2024 (for the first half of 2023: none).

The increase in the group's revenue is due to an increase in trade volume, an increase in the average selling price of high-grade iron concentrate, and an expansion of facility management services. However, the increase was offset by a decrease in sales volume of high-grade iron ore and an increase in operating costs. The group notes that the overall market conditions remain weak.