China Mining International (BHD) Q2 2025 earnings summary

Executive summary

• No revenue in 1H2025 as pomegranate planting did not resume; net loss attributable to shareholders narrowed to RMB 2.915m from RMB 4.180m YoY.

• Net liabilities were RMB 1.732m at 30 June 2025, and continued operations depend on financing efforts, creditor arrangements and controlling-shareholder support.

Financial highlights

• Revenue and gross profit were nil in 1H2025; G&A expenses fell almost 45% YoY, while selling and distribution expenses were nil.

• Total loss for the period was RMB 3.799m versus RMB 5.156m in 1H2024; loss before tax was RMB 3.782m versus RMB 5.193m.

• Other income rose just under 260% YoY, mainly from RMB 1.641m government compensation for land occupation and related assets.

• Other expenses included one-off impairments of RMB 1.214m on trade receivables and RMB 1.236m on property, plant and equipment.

Outlook and guidance

• Seeking new revenue streams and potential partnerships, while assessing collaboration feasibility amid a challenging macroeconomic environment.

• Seeking buyers or strategic partners for the Thabazimbi Mine to realize value and generate cash inflow.

• Going-concern plans include a targeted RMB 10m private placement for development over the next two financial years, cost reductions and additional revenue streams.

• RMB 533,513.41 in outstanding airport-pipeline compensation was expected to be settled in 2025.