Pangang26 Mar 2019 08:34
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On the evening of March 25, Pangang Vanadium Titanium (000629) disclosed its 2018 annual report. In 2018, the company achieved operating income of 15.161 billion yuan, a year-on-year increase of 60.68%; net profit attributable to shareholders of listed companies was 3.09 billion yuan, an increase of 257.96%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3.059 billion yuan, an increase of 301.74% year-on-year; the basic earnings per share was 0.36 yuan.
According to the company, the main reason for the year-on-year change in performance was the increase in the market price of vanadium and titanium products during the reporting period and the increase in profits.
The annual report shows that due to the promotion and application of high-strength steel, the maturity of vanadium battery energy storage technology and the strengthening of promotion and utilization, the demand for vanadium market has increased in 2018. The annual increase in vanadium price has promoted the improvement of the operating environment of vanadium industry. The benefits are obvious.
The annual report shows that the company's business development plan in 2019 is: production of 21,200 tons of vanadium products, 220,000 tons of sulfuric acid titanium dioxide, 20,000 tons of chlorinated titanium dioxide, and 175,000 tons of titanium ****; the company strives to achieve operating income of 14.465 billion yuan throughout the year.