China Vanadium Titano-Magnetite Mining Co., Ltd. (0893) AI Stock Analysis

• Market Cap: HK$227.15M
• Dividend Yield: N/A
• Average Volume (3M): 3.86M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: -32.95%
• EPS Growth: -687.50%
• Country: HK
• Employees: 356
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.00
• Shares Outstanding: 2,249,015,400
• 10 Day Avg. Volume: 7,564,100
• 30 Day Avg. Volume: 3,855,500
• PEG Ratio: 0.02
• Price to Book (P/B): 0.18
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 135.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: HK$0.10 ▲(30.00% Upside)

The score is held back primarily by weak fundamentals: steep revenue decline, a swing to losses, and no operating/free cash flow in 2024. Technical momentum is a notable offset with price trading above key moving averages and positive MACD, but valuation is not supportive given the negative P/E and no dividend data.

Positive Factors

Manageable leverage

A low debt-to-equity ratio provides durable financial flexibility: with limited leverage the company can better absorb operational shocks, avoid heavy interest burdens, and retain capacity to finance maintenance or targeted capex over the next several months without immediate refinancing pressure.

Exposure to structural vanadium demand

Vanadium pentoxide demand is supported by structural trends in energy storage (VRFBs) and advanced steel alloys. The company's product aligns with these long-term markets, positioning it to capture sustained demand growth if the company stabilizes operations and market access over the coming 2–6 months.

Diversified product revenues

Selling both vanadium and iron concentrates spreads customer and end-market risk between steelmaking and energy/storage sectors. This product mix supports more stable revenue channels over time, reducing reliance on a single commodity cycle and aiding resilience if one end market softens.

Negative Factors

Steep revenue decline

A near-31% revenue drop signals substantive demand loss, production interruptions, or pricing pressure. Sustained revenue contraction undermines scale economics, worsens unit costs, and limits reinvestment capacity, making recovery and margin restoration more difficult over the medium term.

No operating or free cash flow

Absence of operating and free cash flow indicates the business is not internally funding operations or capex, creating liquidity risk. Even with low debt, persistent negative cash generation can force asset sales, external financing, or capital delays, impairing long-term operational stability.

Deteriorating profitability and ROE

A swing to negative margins and ROE reflects structural earnings weakness—likely from cost or pricing pressure—that reduces retained earnings and reinvestment ability. If profitability doesn't recover, the company will struggle to sustain capacity, impairing cash generation and shareholder returns over months.

China Vanadium Titano-Magnetite Mining Co., Ltd. Business Overview & Revenue Model

Company Description

China Vanadium Titano-Magnetite Mining Company Limited, an investment holding company, engages in mining and ore processing activities in the People's Republic of China. It operates through three segments: High-Fe Mining Operation; Trading; and Corporate and Others. The company engages in the operation of sale of self-produced high-grade iron concentrates, and trading steel. It is also involved in the provision of facilities management services for the mining operations; and management of strategic investments. In addition, the company engages in the iron ore and gypsum ore beneficiation activities, as well as provision of mining and construction consulting, and estate management services. Further, it sells equipment and materials; and leases real estate properties. The company was founded in 2004 and is based in Causeway Bay, Hong Kong.

How the Company Makes Money

The company generates revenue primarily through the sale of its processed products, including vanadium pentoxide and iron concentrates. Its revenue model is based on the extraction and processing of vanadium titano-magnetite ores, which are then sold to various industries, particularly in the steel sector where vanadium is used as an alloy to enhance strength and durability. Key revenue streams include direct sales to domestic and international customers, as well as potential partnerships with steel producers and other industrial users of vanadium and iron products. Additionally, fluctuations in global commodity prices, demand for vanadium in energy storage systems, and advancements in mining technology can significantly impact its earnings.

China Vanadium Titano-Magnetite Mining Co., Ltd. Financial Statement Overview

Summary

Weak financial performance driven by a sharp deterioration in profitability (net margin falling from 1.24% in 2023 to -3.81% in 2024) and a significant revenue decline (-30.9% YoY). Cash generation is also a key concern due to the lack of operating and free cash flow in 2024, despite manageable leverage (debt-to-equity 0.18).

Income Statement

The income statement shows challenges with declining revenue and profitability. Net profit margin has fallen significantly from 1.24% in 2023 to -3.81% in 2024, indicating deteriorating profitability. Revenue also decreased by 30.9% from 2023 to 2024, suggesting a downturn in business operations. EBIT margin is negative, reflecting operational inefficiencies. The company needs to address these issues to improve its financial health.

Balance Sheet

The balance sheet reflects moderate stability with a debt-to-equity ratio of 0.18 in 2024, showing manageable leverage. However, the equity ratio has slightly declined, indicating a decrease in financial stability. Return on equity has turned negative, reflecting the net loss in 2024. Overall, while debt is under control, declining equity and profitability are concerns.

Cash Flow

The cash flow statement indicates a lack of operating cash flow in 2024, which is concerning for liquidity management. The free cash flow growth is negative, and the absence of free cash flow signifies potential cash constraints. Operating and free cash flow ratios to net income cannot be calculated due to negative net income, highlighting cash generation issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	532.80M	542.49M	784.95M	725.87M	714.76M	488.13M
Gross Profit	6.16M	9.51M	36.53M	25.28M	24.66M	46.59M
EBITDA	-3.07M	-4.15M	38.67M	12.29M	14.86M	29.28M
Net Income	-19.57M	-20.66M	9.70M	1.30M	8.31M	-17.05M
Balance Sheet
Total Assets	1.29B	1.28B	1.31B	1.20B	1.16B	1.23B
Cash, Cash Equivalents and Short-Term Investments	2.29M	11.88M	8.04M	9.36M	6.44M	32.65M
Total Debt	97.19M	112.53M	105.81M	115.85M	94.90M	92.00M
Total Liabilities	369.86M	362.10M	367.03M	267.38M	231.48M	310.18M
Stockholders Equity	626.58M	625.62M	646.29M	636.58M	635.24M	626.25M
Cash Flow
Free Cash Flow	13.29M	810.00K	16.20M	-775.00K	-40.92M	30.39M
Operating Cash Flow	13.75M	26.16M	95.15M	21.32M	-18.22M	36.84M
Investing Cash Flow	-6.65M	-27.75M	-79.77M	-23.77M	-21.62M	-8.23M
Financing Cash Flow	-4.98M	5.44M	-16.71M	5.23M	-1.60M	-4.69M

China Vanadium Titano-Magnetite Mining Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0893, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.24 is Neutral, neither overbought nor oversold. The STOCH value of 73.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0893.

China Vanadium Titano-Magnetite Mining Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3788	62 Neutral	HK$9.57B	43.13	11.79%	1.06%	-6.73%	-21.30%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
0103	51 Neutral	HK$1.59B	75.63	1.06%	2.77%	-8.90%	-79.06%
0893	50 Neutral	HK$227.15M	-10.74	-3.20%	―	-32.95%	-687.50%
0323	49 Neutral	HK$32.80B	-9.47	-8.13%	―	-10.10%	10.40%
0347	47 Neutral	HK$26.31B	-4.29	-8.39%	―	-9.09%	34.73%
1231	46 Neutral	HK$1.18B	-73.75	-7.12%	―	-49.95%	-310.53%

China Vanadium Titano-Magnetite Mining Co., Ltd. Corporate Events

China Vanadium Titano-Magnetite Wins Unanimous Shareholder Backing for 2026 Supply Agreements

Shareholders of China Vanadium Titano-Magnetite Mining Company Limited have unanimously approved two key ordinary resolutions at an extraordinary general meeting held on 30 December 2025, endorsing the 2026 Huili FM Agreement and the 2026 Yanyuan FM Agreement, including their respective transaction arrangements and annual caps for the three financial years ending 31 December 2028. Both resolutions received 100% of votes cast in favour, clearing the way for the board to proceed with the agreements and authorising directors to execute all necessary documents, which strengthens the company’s contractual framework for future operations and provides clearer visibility over medium-term transaction volumes with counterparties, subject to the abstention requirements under Hong Kong listing rules for interested shareholders.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Mining Co. Announces EGM for Key Agreements

China Vanadium Titano-Magnetite Mining Co., Ltd. has announced an extraordinary general meeting scheduled for December 30, 2025, to approve the 2026 Huili FM Agreement and the 2026 Yanyuan FM Agreement. These agreements, along with their proposed annual caps for the next three years, are crucial for the company’s operational strategy and require shareholder approval to proceed.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Mining Enhances Audit Oversight

China Vanadium Titano-Magnetite Mining Co., Ltd. has revised its Audit Committee’s terms of reference, emphasizing the importance of independent oversight in its financial and operational audits. The committee will consist of non-executive directors, with a majority being independent, to ensure transparency and adherence to regulatory standards. This move is likely to enhance the company’s governance practices, potentially boosting stakeholder confidence and aligning with Hong Kong’s listing rules.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Mining Co., Ltd. Updates Nomination Committee Terms

China Vanadium Titano-Magnetite Mining Co., Ltd. has revised the terms of reference for its Nomination Committee, emphasizing a diverse and independent board structure. The committee is tasked with formulating and implementing a director nomination policy, reviewing board composition, and recommending qualified candidates to enhance the company’s corporate strategy.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Mining Updates Remuneration Committee Terms

China Vanadium Titano-Magnetite Mining Co., Ltd. has revised the terms of reference for its Remuneration Committee, emphasizing the importance of independent non-executive directors in its composition. The committee is tasked with reviewing and formulating remuneration policies for directors and senior management, ensuring compensation is competitive yet not excessive. This move aims to enhance transparency and align remuneration with corporate goals, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Announces EGM and Register Closure

China Vanadium Titano-Magnetite Mining Co., Ltd. has announced the closure of its register of members in preparation for an extraordinary general meeting (EGM) scheduled for December 30, 2025. This closure is to determine the eligibility of shareholders to attend and vote at the EGM, which will be held in Chengdu, China. The company has outlined the necessary procedures for shareholders to register their shares by December 22, 2025, to participate in the meeting.

The most recent analyst rating on (HK:0893) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on China Vanadium Titano-Magnetite Mining Co., Ltd. stock, see the HK:0893 Stock Forecast page.

China Vanadium Titano-Magnetite Announces 2026 Facility Management Agreements

China Vanadium Titano-Magnetite Mining Co., Ltd. has announced new facility management services agreements for 2026 with Huili Caitong, Xiushuihe Mining, and Yanyuan Xigang. These agreements, effective from January 2026 to December 2028, involve providing a range of facilities management services, including operational and engineering support. The transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring approval from independent shareholders. An extraordinary general meeting will be convened for this purpose, and an independent board committee has been established to advise shareholders.