On September 8, Pangang Group Vanadium & Titanium Resources Co., Ltd. (hereinafter referred to as “Pangang Vanadium& Titanium”) announced that since September 8, the company’s securities abbreviation has been changed to “Vanadium and Titanium Shares”, the company’s full name, English securities abbreviation and stock code remain unchanged.
Pangang Vanadium & Titanium is a listed company in the vanadium and titanium industry under the central enterprise Ansteel Group. It was established in 1993 and is headquartered in Panzhihua City, Sichuan Province, known as the “Capital of Vanadium and Titanium”. It is a national high-tech enterprise and a leading enterprise in the Panxi Strategic Resource Innovation and Development Pilot Zone, the only pilot zone for comprehensive utilization of resources approved by the state.
The company has vanadium series products represented by vanadium pentoxide, high ferrovanadium, vanadium nitrogen alloy, vanadium aluminum alloy, titanium series products represented by titanium dioxide, titanium slag, etc., with an annual operation of 1 million tons of titanium concentrate and the annual output of vanadium products (calculated as V2O5) 40,000 tons (including trustee companies), the comprehensive production capacity of titanium dioxide 235,000 tons.
According to the official website, Pangang Vanadium & Titanium is the world’s largest supplier of vanadium products, China’s largest supplier of titanium raw materials, China’s largest titanium slag production enterprise, and China’s important sulfuric acid method and chloride method titanium dioxide production enterprise. The company’s products are widely used in iron and steel industry, electronic industry, non-ferrous metals and coatings and inks, aerospace and other fields, and sell well in domestic and foreign markets.
Regarding the reason for the change of the stock abbreviation, Pangang Vanadium & Titanium explained in the announcement that the company’s industry is “manufacturing – non-ferrous metal smelting and rolling processing industry”, and its current main business includes vanadium, titanium and electricity, of which vanadium and titanium are the key development businesses of the company’s strategy. In order to accurately reflect the company’s main business and improve the capital market’s awareness of the company’s industry positioning, the company applied to the Shenzhen Stock Exchange to change the stock abbreviation to “Vanadium and Titanium Shares”.
In the first half of this year, Pangang vanadium & titanium operating income was 8.248 billion yuan, an increase of 16.04% compared with the same period last year (year-on-year); the net profit attributable to shareholders of listed companies was 1.073 billion yuan, a year-on-year increase of 55.52%.
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