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Aowei Holding Limited ( (HK:1370) ) has shared an update.
Aowei Holding Limited has issued a profit warning, indicating an expected loss of up to RMB90.0 million for the first half of 2025, compared to a loss of RMB50.6 million in the same period of 2024. The loss is primarily due to the completion and suspension of open-pit mining activities at its subsidiary Jiheng Mining and a decrease in the selling price of iron ore concentrates, impacting the gross profit margin.
More about Aowei Holding Limited
Aowei Holding Limited is incorporated in the British Virgin Islands and continued in the Cayman Islands with limited liability. The company operates in the mining industry, focusing on iron ore mining through its subsidiary, Laiyuan County Jiheng Mining Co., Ltd.
Average Trading Volume: 400,800
Technical Sentiment Signal: Sell
Current Market Cap: HK$466.1M
See more data about 1370 stock on TipRanks’ Stock Analysis page.