Interim Report 中期報告 2025 CONSOLIDATE THE FOUNDATION with inclusiveness and adaptability 謀定而動 順勢而為 www.chinavtmmining.com CHI NA VA N A DIU M TITA N O-M A G C O MPAN Y LIMITED 中 國 G NETITE MI NIN 釩 鈦 磁 鐵 礦 業 有 限 公 司 Interim Report 中期報告 2025 Our Presence ㎯撸㎬ A1 B1 A2 ꦴ 鞕䃹 ㍌䃷 ꄆ䜴 伬伺 䡗伬ꖺ饟 Yunnan Guizhou Sichuan Chongqing Kunming 䡗齉 Chengdu Chengdu-Kunming Railway 냖鵯 Expressway ꖺ饟 Railway 嬲鹡䊰 Processing plant 火 Mine 䢦畚杼錄亩 Facilities managed A. Mines 火 | | | | | | Resources | | | | --- | --- | --- | --- | --- | -- ...

截至月份: 2025年8月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 中國釩鈦磁鐵礦業有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00893 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HK ...

格隆汇8月28日丨中国铁钛(00893.HK)公告，2025年上半年，集团的收入约为人民币2.797亿元；2025年 上半年，集团录得纯利约人民币100万元(2024年上半年：亏损净额人民币20万元)；2025年上半年归属 于公司普通股股权持有人的每股股份基本及摊薄盈利约为人民币0.04分(2024年上半年：归属于公司普 通股股权持有人的每股股份亏损人民币0.01分)；及董事会不建议派付2025年上半年的中期股息(2024年 上半年：无)。 ...

Core Viewpoint - China Titanium (00893) reported a revenue of 280 million RMB for the six months ending June 30, 2025, representing a year-on-year decrease of 3.35% [1] - The company achieved a profit of 2.941 million RMB during the same period, marking a turnaround from a loss [1] - Basic earnings per share were reported at 0.04 RMB [1] Financial Performance - Revenue for the period was 280 million RMB, down 3.35% compared to the previous year [1] - The company recorded a profit of 2.941 million RMB, indicating a recovery from previous losses [1] - Basic earnings per share stood at 0.04 RMB [1]

Group 1 - The company reported a revenue of 280 million RMB for the six months ending June 30, 2025, representing a year-on-year decrease of 3.35% [1] - The company achieved a profit of 2.941 million RMB during the same period, marking a turnaround from a loss to profitability [1] - The basic earnings per share for the company were 0.04 RMB [1]

Financial Performance - In the first half of 2025, the group's revenue was approximately RMB 279.7 million, a decrease of 3.3% compared to RMB 289.4 million in the first half of 2024[2]. - The group recorded a net profit of approximately RMB 1.0 million in the first half of 2025, compared to a net loss of RMB 0.2 million in the same period of 2024[2]. - Basic and diluted earnings per share attributable to ordinary shareholders were RMB 0.04 in the first half of 2025, compared to a loss of RMB 0.01 in the first half of 2024[2]. - The gross profit for the first half of 2025 was RMB 6.4 million, down from RMB 9.8 million in the first half of 2024, reflecting a gross margin decrease[3]. - Total comprehensive income for the period attributable to the company’s owners was RMB 956,000, compared to a loss of RMB 183,000 in the first half of 2024[5]. - The pre-tax profit for the six months ended June 30, 2025, was RMB 4,035 thousand, a significant increase from RMB 179 thousand in the previous year[13][15]. - The company reported a total of RMB 11,304 thousand in other income and gains for the period, contributing positively to overall financial performance[13]. - Other income and gains totaled RMB 11,304,000 for the six months ended June 30, 2025, compared to RMB 6,030,000 in 2024, marking an increase of approximately 87%[19]. - The company's revenue decreased due to a decline in production and sales, despite a slight increase in steel trading revenue[38]. Revenue Breakdown - High-grade iron ore sales contributed RMB 45,827 thousand, accounting for 16.0% of total revenue, down from 18.0% in the previous year[16]. - Steel trading generated RMB 224,013 thousand, representing 80.0% of total revenue, slightly down from 79.0% in the prior year[16]. - Facility management services brought in RMB 9,827 thousand, maintaining a 4.0% share of total revenue, consistent with the previous year[16]. - The iron ore business generated revenue of RMB 45,827,000, down from RMB 50,751,000 in 2024, reflecting a decrease of about 10%[18]. - Steel trading revenue was RMB 224,013,000, compared to RMB 228,770,000 in 2024, indicating a decrease of approximately 2%[18]. - Facility management services contributed RMB 10,547,000, an increase from RMB 10,371,000 in 2024, showing a growth of about 2%[18]. Assets and Liabilities - The group's total assets less current liabilities amounted to RMB 1,136.0 million as of June 30, 2025, compared to RMB 1,065.5 million as of December 31, 2024[6]. - Non-current liabilities increased to RMB 212.8 million as of June 30, 2025, from RMB 145.3 million as of December 31, 2024[7]. - Total assets as of June 30, 2025, amounted to RMB 1,293,040 thousand, a slight decrease from RMB 1,298,310 thousand as of June 30, 2024[14][15]. - Total liabilities stood at RMB 369,858 thousand, compared to RMB 358,182 thousand in the previous year, indicating an increase of 3.7%[14][15]. - As of June 30, 2025, the group's accounts receivable amounted to RMB 149,436,000, a significant increase from RMB 75,494,000 as of December 31, 2024, representing a growth of 97.5%[31]. - The group's accounts payable as of June 30, 2025, totaled RMB 56,812,000, a decrease from RMB 63,585,000 as of December 31, 2024, reflecting a decline of 10.5%[32]. - The total bank and other borrowings as of June 30, 2025, were RMB 77,180,000, down from RMB 91,444,000 as of December 31, 2024, indicating a reduction of 15.6%[32]. Cash Flow and Expenditures - The net cash flow from operating activities for the first half of 2025 was approximately RMB 9.9 million, down from RMB 22.3 million in the same period of 2024[60]. - The net cash flow used in investing activities was approximately RMB 1.8 million, a decrease from RMB 22.9 million in the first half of 2024, primarily due to capital expenditures related to the upgrade and expansion of high-grade iron ore operations[61]. - The net cash flow used in financing activities was approximately RMB 17.7 million, compared to RMB 7.3 million in the first half of 2024, mainly due to repayments of bank loans[62]. - Capital expenditures for the six months ended June 30, 2025, were RMB 11,413 thousand, up from RMB 8,670 thousand in the same period of 2024[13][15]. Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the first half of 2025, consistent with the previous year[2]. - The company's issued and fully paid ordinary shares remained at 2,249,015,410 as of June 30, 2025, unchanged from December 31, 2024[33]. - The company did not recommend any interim dividend for the first half of 2025, consistent with the previous year[24]. Economic and Market Conditions - The construction steel consumption in China decreased by 6.1% year-on-year in the first half of 2025, reflecting ongoing pressure in the steel industry due to a sluggish real estate sector[35]. - The China Steel Price Index (CSPI) fell from 96.09 points in January 2025 to 90.10 points in June 2025, marking a decline of 6.23% in the first half of 2025 and a year-on-year decrease of 14.14%[35]. - The iron ore price index reached a peak of 886.86 in February 2025 but fell to 770.76 by June 2025, with expectations of further decline in the second half of 2025 due to reduced production and weak demand[36]. - The overall China Purchasing Managers' Index (PMI) showed a slight increase, peaking at 51.4% in March 2025, but fell to 50.2% in April and stabilized at 50.7% in June 2025, indicating gradual expansion in production and business activities[36]. - The steel industry PMI was at 45.9% in June 2025, reflecting a year-on-year decline of 1.9 percentage points, highlighting ongoing challenges within the industry[36]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes during the reporting period[93]. - The financial data disclosed complies with the listing rules and has been prepared according to applicable accounting standards[95]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[94]. Employee and Operational Updates - As of June 30, 2025, the company had 326 employees, down from 356 on December 31, 2024, with employee benefits expenses amounting to RMB 17.1 million in H1 2025, compared to RMB 14.4 million in H1 2024[92]. - The company has adopted a performance-based compensation policy, which includes salaries, housing allowances, retirement contributions, and discretionary bonuses linked to performance[92]. - The facilities management division is expected to play an increasingly important role in diversifying revenue sources amid growing competition in the industry[90]. Guarantees and Financial Obligations - The company has provided a maximum guarantee amount of RMB 930.0 million under the 2025 main guarantee agreement, effective from January 1, 2025, to December 31, 2027[75]. - The company's total capital expenditure increased by approximately RMB 2.7 million to about RMB 11.4 million, primarily due to costs associated with the resource integration process of the Maoling-Yanglongshan iron ore project[87]. - The total loan amount owed by the company is approximately RMB 930.0 million, including principal, accumulated interest, penalties, and other associated costs[102]. - The maximum guarantee amount under the China Titanium Guarantee is RMB 690.0 million as of June 30, 2025, down from RMB 730.0 million[102].

中国铁钛(00893)发布公告，集团预期2025年上半年将取得归属于公司拥有人的纯利不多于约人民币150 万元，而2024年上半年则取得归属于公司拥有人的亏损净额约人民币20万元。 上述各项(i)获集团设施管理服务分部稳定的收入来源支持，但(ii)主要受较高的环保合规成本及产量下 降(由与高品位铁矿场业务相关的持续升级及逐步扩展工程引致)造成的较低规模经济效益影响而被部分 抵销。 2025年上半年的估计财务业绩有所改善，主要源于：(a)(i)担保费收入增加;及(ii)终止确认若干应付款 项，令其他收入增加;(b)在并无于2024年上半年取得的出售固定资产的亏损及若干非经常性开支的情况 下，其他开支减少;(c)中国平均资金成本下降令财务成本减少。 ...

2025年上半年的估计财务业绩有所改善，主要源于：(a)(i)担保费收入增加;及(ii)终止确认若干应付款 项，令其他收入增加;(b)在并无于2024年上半年取得的出售固定资产的亏损及若干非经常性开支的情况 下，其他开支减少;(c)中国平均资金成本下降令财务成本减少。 上述各项(i)获集团设施管理服务分部稳定的收入来源支持，但(ii)主要受较高的环保合规成本及产量下 降(由与高品位铁矿场业务相关的持续升级及逐步扩展工程引致)造成的较低规模经济效益影响而被部分 抵销。 智通财经APP讯，中国铁钛(00893)发布公告，集团预期2025年上半年将取得归属于公司拥有人的纯利不 多于约人民币150万元，而2024年上半年则取得归属于公司拥有人的亏损净额约人民币20万元。 ...

Core Viewpoint - China Iron Titanium (00893.HK) expects to record a net profit attributable to shareholders of approximately RMB 1.5 million in the first half of 2025, compared to a net loss of approximately RMB 0.2 million in the first half of 2024 [1] Financial Performance Summary - The estimated financial performance improvement for the first half of 2025 is primarily due to: - (a) (i) An increase in guarantee fee income and (ii) the termination of recognition of certain payables, leading to an increase in other income [1] - (b) A reduction in other expenses without the losses from the sale of fixed assets and certain non-recurring expenditures recorded in the first half of 2024 [1] - (c) A decrease in financial costs due to a decline in the average cost of funds in China [1] Operational Factors - The stable income sources from the group's facility management services support the increase in guarantee fee income [1] - The lower economies of scale are primarily impacted by higher environmental compliance costs and a decrease in production, which is attributed to ongoing upgrades and gradual expansion projects related to high-grade iron ore operations [1]

（於開曼群島註冊成立的有限公司） （股份代號：00893） 盈利指引 本公告由中國釩鈦磁鐵礦業有限公司（「本公司」，連同其子公司統稱「本集團」）根據 香港法例第571章證券及期貨條例第XIVA部的內幕消息條文及香港聯合交易所有限 公司證券上市規則（「上市規則」）第13.09(2)(a)條作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者， 基於本公司目前可得的資料及董事會對本集團截至2025年6月30日止六個月（「上半 年」）未經審核綜合管理賬目所作的初步審閱，本集團預期2025年上半年將錄得歸屬 於本公司擁有人的純利不多於約人民幣1.5百萬元，而2024年上半年則錄得歸屬於本 公司擁有人的虧損淨額約人民幣0.2百萬元。 2025年上半年的估計財務業績有所改善，主要源於： 上述各項(i)獲本集團設施管理服務分部穩定的收入來源支持，惟(ii)主要受較高的環 保合規成本及產量下降（由與高品位鐵礦場業務相關的持續升級及逐步擴展工程引 致）造成的較低規模經濟效益影響而被部分抵銷。 1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不 ...