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Pangang Vanadium and Titanium (000629.
Pangang Vanadium and Titanium (000629.
According to the company, the main reasons for performance changes are:
(1) During the reporting period, the vanadium and titanium industry recovered, and the market price of titanium products rose sharply year-on-year.
(1) During the reporting period, the vanadium and titanium industry recovered, and the market price of titanium products rose sharply year-on-year.
(2) During the reporting period, the company comprehensively promoted cost reforms, tapped internal potential, actively responded to price fluctuations of raw and auxiliary materials such as titanium concentrate, strictly implemented measures to reduce costs and increase efficiency, and stabilize the cost of various products;
(3) According to the financial department's review of the book value of the parent company's deferred income tax assets on the balance sheet date, it is expected that sufficient taxable income will not be obtained in the future.
(3) According to the financial department's review of the book value of the parent company's deferred income tax assets on the balance sheet date, it is expected that sufficient taxable income will not be obtained in the future.
As of the end of the reporting period, the deferred income tax assets should be reduced by approximately 60 million yuan .