Core Viewpoint - China Iron Titanium (00893) anticipates a net profit attributable to shareholders of approximately RMB 1.5 million for the first half of 2025, compared to a net loss of about RMB 200,000 for the first half of 2024 [1] Financial Performance - The estimated financial performance for the first half of 2025 shows improvement due to several factors: - (a)(i) Increase in guarantee fee income - (ii) Termination of recognition of certain payables, leading to an increase in other income - (b) Reduction in other expenses without the losses from the sale of fixed assets and certain non-recurring expenses that were present in the first half of 2024 - (c) Decrease in financial costs due to a reduction in the average cost of funds in China [1] Operational Factors - The stable income from the group's facility management services supports the increase in guarantee fee income - However, the lower economies of scale are partially offset 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 mining [1]