AOWEI HOLDING Reports Interim Loss Narrowed by 83.56% to RMB 12.434 Million
Stock News
Aug 27
AOWEI HOLDING (01370) has released its interim results for the six months ended June 30, 2026. The group recorded revenue of RMB 310 million, representing a year-on-year increase of 13.63%.
The company reported a net loss of RMB 12.434 million, narrowing significantly by 83.56% compared to the same period last year, with basic loss per share standing at RMB 0.01.
The group attributed the substantial reduction in losses to the rise in iron ore concentrate selling prices during the reporting period, alongside enhanced cost control measures. The company has been actively compressing expenses related to raw material procurement and transportation, which collectively contributed to an improved gross margin.
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