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China Vanadium Titano-Magnetite Mining Co., Ltd.
(Frankfurt:0893)
China Vanadium Titano-Magnetite Mining Co., Ltd. (0893) vs. S&P 500 (SPY)
China Vanadium Titano-Magnetite Mining Co., Ltd. Business Overview & Revenue Model
China Vanadium Titano-Magnetite Mining Co., Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 784.95M | 725.87M | 714.76M | 488.13M | 517.64M | Gross Profit |
| 36.53M | 25.28M | 24.66M | 46.59M | 40.53M | EBIT |
| 12.76M | 2.20M | 6.26M | 17.66M | 18.09M | EBITDA |
| 38.67M | 12.29M | 14.86M | 29.28M | 30.90M | Net Income Common Stockholders |
| 9.70M | 1.30M | 1.70M | 15.62M | 17.12M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.04M | 9.36M | 6.44M | 32.65M | 26.69M | Total Assets |
| 1.31B | 1.20B | 1.16B | 1.23B | 1.27B | Total Debt |
| 105.81M | 115.85M | 94.90M | 92.00M | 101.88M | Net Debt |
| 97.77M | 106.49M | 88.46M | 59.35M | 75.19M | Total Liabilities |
| 367.03M | 267.38M | 231.48M | 310.18M | 328.32M | Stockholders Equity |
| 646.29M | 636.58M | 635.24M | 626.25M | 644.74M |
| Cash Flow | Free Cash Flow | |||
| 16.20M | -775.00K | -40.92M | 30.39M | -61.11M | Operating Cash Flow |
| 95.15M | 21.32M | -18.22M | 36.84M | -14.06M | Investing Cash Flow |
| -79.77M | -23.77M | -21.62M | -8.23M | 27.20M | Financing Cash Flow |
| -16.71M | 5.23M | -1.60M | -4.69M | -16.23M |
China Vanadium Titano-Magnetite Mining Co., Ltd. Technical Analysis
China Vanadium Titano-Magnetite Mining Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.49B | 8.13 | 15.18% | 2.29% | -2.15% | 12.09% | |
77 Outperform | $1.60T | 5.18 | 9.71% | 8.83% | 6.59% | -0.89% | |
76 Outperform | $922.59B | 5.88 | 5.77% | 11.94% | 42.83% | ||
70 Neutral | $180.10B | 7.11 | 17.22% | 2.83% | 14.80% | 80.17% | |
49 Neutral | $1.95B | -1.50 | -22.00% | 3.79% | 0.66% | -27.40% | |
44 Neutral | HK$107.95M | 32.50 | -3.22% | ― | -31.79% | -308.33% |
China Vanadium Titano-Magnetite Mining Co., Ltd. Corporate Events
China Vanadium Titano-Magnetite Mining Co., Ltd. has announced its upcoming annual general meeting scheduled for May 26, 2025, in Chengdu, China. Key agenda items include the adoption of the 2024 financial statements, re-election of directors, and approval of the directors’ remuneration for 2025. The meeting will also address the re-appointment of Forvis Mazars CPA Limited as the company’s auditor and authorize the board to issue additional shares. These resolutions are crucial for the company’s governance and operational continuity, impacting shareholder interests and the company’s strategic direction.
China Vanadium Titano-Magnetite Mining Co., Ltd. reported a significant decline in its financial performance for the fiscal year 2024, with revenue dropping to approximately RMB542.5 million from RMB785.0 million in the previous year. The company recorded a net loss of approximately RMB20.7 million, a stark contrast to the net profit of RMB9.7 million in 2023. This downturn in financial results has led the board to decide against recommending a final dividend for the year, indicating potential challenges in the company’s operational and market positioning.
China Vanadium Titano-Magnetite Mining Co., Ltd. announced a projected net loss of approximately RMB22.0 million for the fiscal year ending December 31, 2024, compared to a net profit of RMB9.7 million in 2023. This loss is attributed to a temporary suspension of operations at the Maoling-Yanglongshan Mine due to a subcontractor incident, resulting in reduced production and unabsorbed fixed costs, as well as non-cash impairment losses and lower trading volumes amid a slowing Chinese economy. The announcement advises shareholders and potential investors to exercise caution when dealing with the company’s shares.
China Vanadium Titano-Magnetite Mining Co., Ltd. has announced a board meeting scheduled for March 27, 2025, to consider and approve the company’s annual results for the year ending December 31, 2024. The meeting will also discuss the potential recommendation for a final dividend, highlighting the company’s ongoing financial and operational assessments, which could impact stakeholders and market positioning.
China Vanadium Titano-Magnetite Mining Co., Ltd. announced changes in its company secretary and authorized representative roles, with Mr. Chong Eng Wee resigning and Mr. Leung Ming Shan, John Bosco taking over these positions effective March 10, 2025. Mr. Leung brings extensive legal experience, being qualified in multiple jurisdictions, which could strengthen the company’s governance and compliance framework. Additionally, the company will relocate its principal place of business in Hong Kong to a new address, reflecting possible strategic operational adjustments.
China Vanadium Titano-Magnetite Mining Co., Ltd. announced a supplemental update regarding the renewal of its 2022 Master Guarantee Agreement, which expired on December 31, 2024. The company has been actively monitoring and managing the CVT Guarantees, which became a continuing connected transaction after the disposal of subsidiaries in 2019. The renewal is part of good corporate governance practices, ensuring indemnification against potential losses from financial institutions. The company has been in ongoing discussions with relevant parties and has sought approval from independent shareholders for the renewal at the 2025 EGM.
China Vanadium Titano-Magnetite Mining Co., Ltd. announced a delay in the dispatch of a circular related to the renewal of its Master Guarantee Agreement, originally expected by March 3, 2025, now postponed to May 6, 2025. This delay indicates the company’s need for additional time to finalize important details, potentially impacting shareholder planning and decision-making.
China Vanadium Titano-Magnetite Mining Co., Ltd. has announced the extension of its Master Guarantee Agreement with Chengyu Vanadium and other borrowers, continuing until December 31, 2027. This agreement involves the company providing guarantees for loans previously secured by its former subsidiaries, Huili Caitong and Xiushuihe Mining, while Chengyu Vanadium provides a counter-indemnity to cover potential liabilities. The renewal of these guarantees, subject to shareholder approval, signifies the company’s ongoing commitment to addressing its contingent liabilities and ensuring good corporate governance practices. The agreement is crucial in maintaining financial stability and fulfilling corporate guarantees related to past indebtedness.