Pangang Vanadium Titanium is expected to increase its net profit by 426%-519% in the first half of 2021. The vanadium product market continues to improve

The net profit attributable to shareholders of listed companies in the first half of 2021 is expected to increase by 426% to 519% compared with the same period of the previous year.

During the reporting period, the company's overall operation was in a good state, continued to promote cost reforms, tapped internal potential, strictly implemented measures to reduce costs and increase efficiency, and improve profitability

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, due to the parent company’s unrecovered losses, the repayable period according to the tax law will expire at the end of the year.

According to the data, Panzhihua's main business of vanadium and titanium includes three major sectors: vanadium, titanium, and electricity.
Among them, vanadium and titanium are the company’s strategic key development businesses, mainly the production, sales, technical research and development of vanadium products, titanium slag, and titanium dioxide.
application development, the main products include vanadium oxide, vanadium iron, vanadium-nitrogen alloy, vanadium alloy, titanium dioxide, slag and the like
.