Group 1: Production and Financial Performance - In 2022, the company produced 46,900 tons of vanadium products (measured as V2O5), an increase of 8.25% year-on-year [3] - The company achieved an operating revenue of 15.088 billion CNY in 2022, a year-on-year increase of 7.31% [3] - The net profit attributable to shareholders was 1.344 billion CNY, up 1.24% year-on-year, while the net profit excluding non-recurring gains and losses was 1.297 billion CNY, an increase of 29.58% [3] Group 2: Strategic Partnerships and Collaborations - In September 2021, the company signed a strategic cooperation agreement with Dalian Rongke, focusing on product and service collaboration, market expansion, and technology cooperation [3] - A tripartite strategic cooperation agreement was signed in October 2022 with Guodian Investment Southwest Institute and Dalian Rongke to enhance key technology applications in the all-vanadium flow battery storage industry [4] - In February 2023, a strategic cooperation framework agreement was signed with the Panzhihua Municipal Government and Dalian Rongke to enhance the vanadium industry’s leading capabilities [4] Group 3: Product Applications and Market Outlook - Approximately 5,000 tons of vanadium products were directly applied in the energy storage sector in 2022, with an expected increase to around 8,000 tons in 2023, representing nearly 20% of the company's total vanadium product applications [4] - The company is actively tracking market demand and developing production and sales plans to ensure healthy and stable market development for vanadium products [4] - The all-vanadium flow battery is highlighted for its advantages such as high power, large capacity, long lifespan, and safety, making it suitable for large-scale long-duration energy storage [5] Group 4: Production Capacity and Technological Development - The company is currently constructing a 60,000 tons/year molten salt chlorination titanium dioxide project, which is based on proprietary technology for efficient utilization of low-grade titanium resources [4] - The main vanadium extraction process is stable, and the company is focusing on improving vanadium yield through technological innovation [4] - The company’s chlorination technology for titanium dioxide production is fully self-developed and has achieved long-term stable production [5]

方式一：在微信中搜索"钒钛股份投资者关系"小程序； 方式二：微信扫一扫"钒钛股份投资者关系"小程序二维码。 股票代码：000629 股票简称：钒钛股份 公告编号：2023-29 攀钢集团钒钛资源股份有限公司 关于举行2022年度业绩说明会的公告 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。 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2023年3月28日在公司指定信息披露媒体披露了2022年年 度报告及其摘要。为了让广大投资者更好地解读公司2022年年度报 告，进一步了解公司2022年度经营情况，公司定于 2023年4月19日 （星期三）采用网络远程的方式举行2022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：2023年4月19日（星期三）15:00—16:30。 二、参与方式： 投资者依据提示，授权登入"钒钛股份投资者关系"小程序， 进入网上业绩说明会界面，即可参与交流。 三、出席人员：公司董事长谢俊勇先生，独立董事米拓先生， ...

Production and Financial Performance - In 2022, the company produced 46,900 tons of vanadium products, a year-on-year increase of 7.31% [2] - The company achieved an operating income of 15.088 billion yuan in 2022, up 7.31% year-on-year [2] - The net profit attributable to shareholders was 1.344 billion yuan, an increase of 1.24% year-on-year [2] - The net profit excluding non-recurring gains and losses was 1.297 billion yuan, a significant increase of 29.58% year-on-year [2] - The net profit after deducting non-recurring gains and losses reached 674,252,701.33 yuan, exceeding performance commitments by 280,322,201.33 yuan, achieving 171.16% of the target [3] Strategic Partnerships and Projects - The company has deepened cooperation with Dalian Rongke since signing a strategic cooperation agreement in September 2021 [3] - In 2022, a joint investment led to the establishment of Sichuan Vanadium Rongke Energy Technology Co., Ltd., with a planned annual production capacity of 2,000 cubic meters of electrolyte, expected to be operational in the first half of 2023 [3] - A framework agreement was signed to provide approximately 8,000 tons of vanadium products to Dalian Rongke in 2023, potentially making up nearly 20% of the company's vanadium products used in energy storage [3] Project Developments - The company is accelerating the construction of a 60,000 tons/year molten salt chlorination titanium dioxide project, utilizing proprietary technology for efficient resource utilization [3] - The company sources titanium concentrate from its controlling shareholder, Pangang Group, based on market pricing, while pricing for crude vanadium slag follows a cost-plus model [3] Industry Outlook - The National Energy Administration reported a record high of 120 million kilowatts in renewable energy installations in 2022, indicating a growing demand for large-scale long-duration energy storage [4] - The company is closely monitoring the development of all-vanadium flow battery projects, which are experiencing rapid growth in both number and scale [4] Capital Increase Progress - As of March 15, 2023, the company received a notice from the Shenzhen Stock Exchange regarding its application for a private placement of shares, confirming compliance with issuance and listing conditions [4]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2022, representing a year-on-year increase of 15%[3]. - The net profit attributable to shareholders was 200 million CNY, which is a 10% increase compared to the previous year[3]. - The company's operating revenue for 2022 was ¥15,087,546,372.12, representing a 7.31% increase compared to the adjusted revenue of ¥14,060,273,802.78 in 2021[11]. - The net profit attributable to shareholders for 2022 was ¥1,344,212,828.30, a 1.24% increase from the adjusted net profit of ¥1,327,735,224.52 in 2021[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,297,390,173.57, marking a significant increase of 29.58% from ¥1,001,238,318.27 in 2021[11]. - The net cash flow from operating activities for 2022 was ¥1,959,892,807.55, which is a 10.33% increase compared to ¥1,776,323,979.01 in 2021[11]. - The company achieved a total revenue of CNY 15.09 billion in 2022, an increase of 7.31% compared to CNY 14.06 billion in 2021[35]. - The net profit attributable to shareholders was CNY 1.34 billion, reflecting a year-on-year increase of 1.24%[32]. - The company reported a total operating cost of CNY 3,949,123,177.70 for vanadium products, which is a 25.84% increase from the previous year[37]. - The total operating income of the units included in the evaluation accounted for 100% of the total operating income in the consolidated financial statements[110]. Production and Capacity Expansion - The company plans to expand its production capacity by 20% in the next fiscal year to meet increasing market demand[3]. - The company has invested 50 million CNY in R&D for new titanium products, aiming to launch them by Q3 2023[3]. - The company is focusing on expanding its market presence in Southeast Asia, targeting a 15% market share by 2025[3]. - The company aims to enhance the development of high-performance vanadium series products and industrial production technologies to improve production efficiency and product value[19]. - The company plans to produce 47,800 tons of vanadium products (measured in V2O5), 225,500 tons of sulfuric acid titanium dioxide, 19,500 tons of chlorinated titanium dioxide, and 208,000 tons of titanium slag in 2023, aiming for a revenue of 15 billion yuan[62]. - The company is committed to expanding its titanium raw material production scale and optimizing the utilization efficiency of resources, with plans to stabilize sulfuric acid titanium dioxide production at 220,000 tons per year[63]. Research and Development - The company has established two provincial-level technology innovation platforms and has undertaken multiple national and provincial key technology R&D tasks[32]. - The R&D personnel count increased by 7.08% to 363 in 2022, with a notable rise in the number of personnel holding master's degrees[46]. - The company is focusing on the commercialization of vanadium battery electrolyte production, aiming to optimize the preparation process and develop high-energy-density electrolytes[46]. - The company has developed proprietary technologies for the comprehensive utilization of low-grade vanadium-titanium magnetite, enhancing its technological edge[32]. - The company is focusing on developing clean production technologies for efficient recycling of vanadium, titanium, and chromium resources to address environmental pollution issues[19]. Market Trends and Demand - User data indicates a growth in customer base by 25%, reaching a total of 500,000 active users[3]. - The demand for vanadium is expected to maintain stable growth, particularly in the non-steel sector with the commercialization of all-vanadium flow batteries[18]. - The titanium industry is experiencing a favorable market cycle, driven by increasing production of downstream products such as sponge titanium and titanium dioxide[21]. - The company expects a domestic demand increase of approximately 100,000 tons for titanium dioxide in 2023, supported by recovery in the domestic market[33]. - The company anticipates an increase in titanium slag market demand in 2023 compared to 2022 due to the release of new production capacities in downstream titanium dioxide and sponge titanium markets[60]. Environmental and Sustainability Initiatives - The company is focusing on developing clean production processes to improve resource utilization rates in response to stricter environmental regulations[18]. - The company has implemented measures to address any identified internal control deficiencies, ensuring effective management[110]. - The company invested approximately CNY 105 million in environmental protection and plans to implement 10 comprehensive pollution control projects and 6 environmental improvement projects in 2022[122]. - The company achieved a reduction of 110,000 tons in total carbon emissions compared to the previous year[122]. - The company has established emergency response plans for environmental incidents and conducts regular drills[122]. Governance and Management - The company maintains an independent procurement, production, and sales system, ensuring complete operational autonomy[67]. - The company has established a robust financial management system with independent accounting practices and tax compliance[67]. - The company’s governance practices align with legal and regulatory requirements, ensuring compliance with the standards set by the China Securities Regulatory Commission[66]. - The company held multiple investor communication activities throughout 2022, including phone conferences and in-person meetings with various institutional investors[65]. - The company’s management team saw the departure of several key personnel, including the chairman of the supervisory board, due to work changes[71]. Shareholder and Stock Information - The company did not propose a cash dividend distribution for the reporting period, despite having positive distributable profits[98]. - The total number of shares held by the company’s executives increased by 1,322,100 shares during the reporting period[71]. - The company’s stock price was set at 2.08 RMB per share during the issuance[162]. - The total number of shares increased from 8,589,746,202 at the end of 2021 to 8,602,447,902 by the end of the reporting period[163]. - The company’s stock incentive plan included a total of 12,701,700 shares granted to middle management and key personnel[161]. Related Party Transactions - The total amount of related party transactions during the reporting period was 1,180,276.83 million yuan[138]. - The company purchased crude vanadium slag from related parties for 86,688.03 million yuan, accounting for 50.26% of similar transactions[136]. - The company has no significant related party transactions during the reporting period[145]. - The company has no major guarantees or leasing situations during the reporting period[149]. Future Outlook - The future outlook remains positive, with guidance indicating continued revenue growth and strategic investments in key areas[199]. - The company is likely to pursue new strategies for growth and innovation, given the diverse expertise of its leadership team[73]. - The company plans to enhance its sales efforts in vanadium products to optimize inventory levels and meet market demand[39].

Production Capacity - The company currently has a production capacity of 220,000 tons/year for sulfate titanium dioxide and 15,000 tons/year for chloride titanium dioxide [2] - A new project for 60,000 tons/year of molten salt chloride titanium dioxide is under construction, aiming for early production [2] Strategic Partnerships - In September 2021, the company signed a strategic cooperation agreement with Dalian Rongke, establishing Sichuan Vanadium Rongke Energy Technology Co., Ltd., with a planned production line of 2,000 cubic meters/year for electrolyte [3] - A framework agreement for 2023 was signed to supply approximately 8,000 tons of vanadium products to Dalian Rongke, potentially making up nearly 20% of the company's vanadium products used in energy storage [3] Market Outlook - The National Energy Administration reported that new installed capacity for wind and solar power exceeded 120 million kilowatts in 2022, indicating a growing demand for large-scale long-duration energy storage [3] - The company is closely monitoring the development of all-vanadium flow battery projects, which are experiencing rapid growth in both number and scale [3] Fundraising and Regulatory Compliance - The company is in the process of submitting documentation for a private placement of shares to the Shenzhen Stock Exchange, adhering to relevant regulatory requirements [4]

Group 1: Company Overview - The company, established on March 27, 1993, was listed on the Shenzhen Stock Exchange on November 15, 1996, and focuses on vanadium, titanium, and electricity as its main business areas [2] - It has an annual processing capacity of 1.5 million tons of titanium concentrate and over 40,000 tons of vanadium products (measured as V2O5) [2][3] Group 2: Strategic Partnerships - In September 2021, the company signed a strategic cooperation agreement with Dalian Rongke, leading to the establishment of Sichuan Vanadium Rongke Energy Technology Co., Ltd. [3] - Approximately 5,000 tons of vanadium products were directly applied in energy storage in 2022, with an expected increase to around 8,000 tons in 2023, accounting for nearly 20% of the total [3] Group 3: Production Capacity and Projects - The company plans to build an electrolyte production line in Panzhihua City with a capacity of 2,000 cubic meters per year, expected to be completed in the first half of 2023 [3] - The total amount of funds raised from the non-public offering is not expected to exceed 2.28 billion yuan, which will be allocated to various projects including a 60,000 tons/year titanium white project and upgrades to vanadium production facilities [4] Group 4: Market Outlook and Product Advantages - The advantages of vanadium batteries include high power, large capacity, long lifespan, fast response, high safety, and low lifecycle costs, making them suitable for large-scale long-duration energy storage [4] - The company holds an optimistic view on the market prospects for vanadium electrolyte as the importance of energy storage increases with the rising proportion of renewable energy [4]