Pangang Group Vanadium & Titanium Resources Co., Ltd. Class ASZSE: 000629

Pangang Group Vanadium & Titanium Resources Co: Net profit plunged 77% on lower vanadium prices, but titanium sales and cash flow improved

· Issued by 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.

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