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Pangang Group Vanadium & Titanium Resources Co: Net profit plunged 77% on lower vanadium prices, but titanium sales and cash flow improved
Pangang Group Vanadium & Titanium Resources Co: Net profit plunged 77% on lower vanadium prices, but titanium sales and cash flow improved
About this update from Pangang Group Vanadium & Titanium Resources Co., Ltd. Class A
H1 2024 revenue fell 6.16% to ¥7.16 billion and net profit dropped 77.23% to ¥137 million, mainly due to lower vanadium prices, while titanium sales grew. The company remains a leading vanadium and titanium supplier, with new capacity and strong cash flow.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.