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Pangang Group Vanadium & Titanium Resources : Revenue dropped 32.69% and net profit turned negative amid weak vanadium and titanium prices
Pangang Group Vanadium & Titanium Resources : Revenue dropped 32.69% and net profit turned negative amid weak vanadium and titanium prices
About this update from Pangang Group Vanadium & Titanium Resources Co., Ltd. Class A
Revenue fell 32.69% year-over-year to ¥8.89 billion, with a net loss of ¥93 million due to lower vanadium and titanium prices. Gross margin improved, but cash flow and R&D spending declined. The company expects stable vanadium demand in steel and growth in energy storage, but faces ongoing price and regulatory pressures.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.