钒钛股份：拟1亿元-2亿元回购公司股份 控股股东拟增持5000万元-1亿元公司股份 智通财经4月21日电，钒钛股份(000629.SZ)公告称，钒钛股份公告，公司拟使用自有资金以集中竞价交 易方式回购部分公司已在境内发行的人民币普通股（A股）股票，回购股份将用于实施股权激励。本次 回购的资金总额不低于人民币1亿元（含），不超过人民币2亿元（含）；控股股东攀钢集团拟增持公司 股份5000万元—1亿元。 ...

股票代码：000629 股票简称：钒钛股份 公告编号：2025-35 攀钢集团钒钛资源股份有限公司 关于董事长提议回购公司部分股份的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 基于对公司未来发展信心以及对公司价值的认可，为维护公司价 值及股东权益，增强投资者信心，维护资本市场稳定，公司董事长马 朝辉先生提议公司通过集中竞价交易方式回购公司部分股份。本次回 购的股份拟用于实施股权激励等法律法规允许的用途。 三、提议内容 1.回购股份的种类：公司已发行的人民币普通股（A 股）； 2.回购股份的用途：拟用于实施股权激励等法律法规允许的用途； 3.回购股份的方式：通过深圳证券交易所交易系统以集中竞价交 易方式进行股份回购； 攀钢集团钒钛资源股份有限公司（以下简称"公司"或"本公司"） 于 2025 年 4 月 14 日收到公司董事长马朝辉先生（以下简称"提议人"） 《关于提议攀钢集团钒钛资源股份有限公司回购公司股份的函》，现将 有关内容公告如下： 一、提议人的基本情况及提议时间 1.提议人：公司董事长马朝辉先生 2.提议时间：2025 年 4 月 14 ...

攀钢集团钒钛资源股份有限公司 关于控股股东拟增持公司股份的提示性公告 股票代码：000629 股票简称：钒钛股份 公告编号：2025-34 攀钢集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 攀钢集团钒钛资源股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日收到控股股东攀钢集团有限公司（以下简称"攀钢集团"） 《关于拟增持钒钛股份流通股票的函》，现将有关情况公告如下： 基于对公司未来发展信心以及对公司价值的认可，为维护公司价 值及股东权益，增强投资者信心，维护资本市场稳定，攀钢集团拟对 公司流通股票实施增持，自攀钢集团正式决策及上述事项公告之日起 6 个月内，以自有资金或自筹资金通过深圳证券交易所允许的方式（包 括但不限于集中竞价交易、大宗交易等）择机增持公司股票，拟增持 股票的资金总额为人民币 5,000 万元-10,000 万元。 目前，攀钢集团就上述事项正在积极履行内部决策，待程序完备 后另行函告。公司将持续关注，在收到正式增持计划函后及时履行信 息披露义务。 特此公告。 ...

钒钛股份（000629）公告，公司控股股东计划通过深圳证券交易所系统增持公司股份。本次增持计划的 实施期限为自公告之日起不超过6个月，增持金额不低于5000万元，不超过1亿元。控股股东表示，本次 增持主要是基于对公司未来发展前景的信心和对公司价值的认可，旨在进一步提升公司股东的信任度和 市场信心。公司提醒投资者关注相关风险，并注意投资决策。 ...

Group 1: Impact of External Factors - The company does not export vanadium and titanium products to the U.S., so the U.S. tariff increase will not have a direct impact on its export business [1][3] - The company's stock price has dropped from a peak of 6.04 in the previous year to around 2.31 in 2025, influenced by macroeconomic conditions, industry cycles, and company performance [2] - The decline in 2024 performance is attributed to a decrease in vanadium product prices [10][8] Group 2: Financial Performance and Projections - The company's gross profit margin for 2024 is 7.59%, a decrease of 47.33% year-on-year [12] - The gross margins for vanadium and titanium products are 10.40% and 6.36%, respectively, with vanadium contributing the most to profits [11] - The company plans to disclose its Q1 2025 report on April 28, 2025 [4] Group 3: Strategic Initiatives and Market Position - The company aims to enhance product competitiveness and customer service while optimizing product structure and quality [9][16] - The company has achieved a 100% sales rate for vanadium and titanium products in 2024 and plans to further expand market reach in 2025 [6] - The company is recognized as a leading enterprise in the Panxi strategic resource innovation development experimental zone, leveraging its resource and technological advantages [13] Group 4: Risk Management and Future Plans - The company is aware of potential risks such as market demand uncertainty and raw material price fluctuations, and it conducts regular risk assessments [15] - Future projects may face challenges such as technical difficulties and funding pressures, but the company has sufficient resources to ensure project progress [5] - The company is committed to continuous research and development in the vanadium-titanium sector to drive high-quality industry development [14]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][55]. Core Views - The company's performance in 2024 was negatively impacted by a decline in vanadium product prices, leading to a revenue drop of 8.15% year-on-year to 132.09 billion yuan and a significant net profit decrease of 73.03% to 2.85 billion yuan [10][55]. - The company is a major global supplier of vanadium products and is expected to benefit from the recovery of the vanadium industry and the expansion of the vanadium battery application market, with projected net profits of 5.92 billion yuan, 7.83 billion yuan, and 9.32 billion yuan for 2025-2027 [55]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 132.09 billion yuan, down 8.15% year-on-year, and a net profit of 2.85 billion yuan, down 73.03% year-on-year. The adjusted net profit was 2.53 billion yuan, a decrease of 75.87% [10][55]. - The fourth quarter of 2024 saw a revenue of 27.35 billion yuan, a year-on-year decline of 15.16% and a quarter-on-quarter decline of 17.52%. The net profit for Q4 was 1.02 billion yuan, down 45.91% year-on-year but up 122.04% quarter-on-quarter [10][55]. Sales Volume and Pricing - In 2024, vanadium product sales increased by 6.74% to 53,600 tons, while titanium dioxide sales grew by 1.10% to 258,000 tons. However, titanium slag sales fell by 24.18% to 146,100 tons [19][55]. - The company's gross margin decreased by 6.81 percentage points to 7.59%. The market price of vanadium pentoxide dropped by 26% year-on-year, while titanium dioxide and titanium slag prices increased by 2% and 17%, respectively [19][55]. Future Outlook - The company is positioned as a leading global supplier of vanadium products, with a comprehensive production capacity that includes 175,000 tons of titanium concentrate and 44,200 tons of vanadium products annually [43][55]. - The vanadium battery business is expected to be a significant growth driver, with a partnership established to supply 20,000 tons of ammonium vanadate in 2025, representing a 35% increase from 2024 sales [44][55]. - The company has successfully launched a 60,000-ton molten salt chlorination titanium dioxide project, enhancing its market influence [44][55]. Investment Projections - The company forecasts net profits of 5.92 billion yuan, 7.83 billion yuan, and 9.32 billion yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 40, 30, and 26 [55][56]. - Revenue is expected to grow to 138.7 billion yuan in 2025, with a projected growth rate of 5.0% [54][55].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][55]. Core Views - The company's performance in 2024 was negatively impacted by a decline in vanadium product prices, leading to a revenue drop of 8.15% year-on-year to CNY 13.209 billion and a significant net profit decrease of 73.03% to CNY 285 million [10][55]. - The company is a major global supplier of vanadium products and has a strong production capacity, which positions it well for future growth as the vanadium industry recovers and the vanadium battery market expands [3][55]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of CNY 132.09 billion, down 8.15% year-on-year, and a net profit attributable to shareholders of CNY 2.85 billion, down 73.03% [10]. - The fourth quarter of 2024 saw a revenue of CNY 27.35 billion, a year-on-year decrease of 15.16% and a quarter-on-quarter decrease of 17.52% [10]. - The sales volume of vanadium products increased by 6.74% to 53,600 tons, while titanium dioxide sales grew by 1.10% to 258,000 tons, and titanium slag sales fell by 24.18% to 146,100 tons [19]. Price and Margin Analysis - The company's gross margin decreased by 6.81 percentage points to 7.59% in 2024, with vanadium product prices dropping by 26% year-on-year [2][19]. - The gross margin for vanadium products fell by 17.05 percentage points to 10.40%, while titanium products saw a slight margin decline [2]. Future Outlook - The company is positioned as a leading global supplier of vanadium products, with a comprehensive production capacity that includes 442,000 tons of vanadium products and 300,000 tons of titanium dioxide annually [3]. - The vanadium battery business is expected to be a significant growth driver, with a partnership established to supply 20,000 tons of ammonium vanadate in 2025, representing a 35% increase from 2024 [44]. - A new 60,000-ton molten salt chlorination titanium dioxide project was launched in 2024, enhancing the company's market influence [4]. Earnings Forecast - The company is projected to achieve net profits of CNY 5.92 billion, CNY 7.83 billion, and CNY 9.32 billion from 2025 to 2027, with corresponding price-to-earnings ratios of 40, 30, and 26 [55]. - Revenue is expected to grow to CNY 138.7 billion in 2025, with a year-on-year growth rate of 5% [54].

攀钢集团钒钛资源股份有限公司 关于召开2024年度网上业绩说明会的公告 股票代码：000629 股票简称：钒钛股份 公告编号：2025-33 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 攀钢集团钒钛资源股份有限公司（以下简称"公司"或"钒钛 股份"）已于2025年3月29日在公司指定信息披露媒体披露了2024年 年度报告及其摘要。为了让广大投资者更好地解读公司2024年年度 报告，进一步了解公司2024年度经营情况，公司定于2025年4月11日 （星期五）采用网络远程的方式举行2024年度业绩说明会。 为广泛听取投资者的意见和建议，提前向投资者征集问题，提 问通道自发出本公告之日起开放。投资者可通过以下方式参与互动 交流： 一、时间：2025年4月11日（星期五）15:00—16:30。 二、参与方式： 投资者依据提示，授权登入"钒钛股份业绩说明会"小程序， 即可参与交流。 三、出席人员： 方式一：在微信中搜索 "钒钛股份业绩说明会"小程序； 方式二：微信扫一扫"钒钛股份业绩说明会"小程序二维码： 1 公司董事长 马朝辉先生 公司独立董事 米拓先生 公司董 ...