China Iron and Titanium (00893) announced interim results. Shareholders should have accounted for a loss of 9.3 million yuan in year-on-year profit and loss

According to the Zhitong Finance App, China Iron and Titanium (00893) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 192 million (same unit), a year-on-year decrease of 31.49%; a loss attributable to the owners of the company was 9.3 million yuan, making a profit of 923,000 yuan in the same period last year; a loss of 0.41 points per share.

According to the announcement, the decline in revenue was mainly due to (i) the decline in production and sales of high-grade iron concentrate in the first half of 2026 due to the suspension of operations; and (ii) the reduction in steel trade activities due to high inventories and weak demand in the steel consumption industry (especially the construction and real estate industry in the face of continuous adjustments in the property market).