股票代码：000629 股票简称：钒钛股份 公告编号：2025-83 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"）于 2025 年 4 月 21 日召开了第九届董事会第二十三次会议，审议通过了《关于回 购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式 回购部分公司已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）；回购股份价格不超过 4.30 元/股，回购期限自 公司第九届董事会第二十三次会议审议通过本次股份回购方案之日起 12 个月内。具体内容详见公司于 2025 年 4 月 22 日在公司指定信息披 露媒体上刊登的《第九届董事会第二十三次会议决议公告》（公告编号： 2025-36）、《关于回购公司股份方案的公告》（公告编号：2025-37）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监 管指引第 9 号——回购股份》等相关规定，上市公司应当在每个月的 前三个交易日内披露截至上月末的回 ...

Group 1 - The titanium dioxide concept sector declined by 0.73%, ranking among the top declines in the concept sector, with companies like Anada, Guocheng Mining, and Tianyuan Co. experiencing significant drops [1] - Among the titanium dioxide stocks, Tianneng Chemical, Vanadium Titanium Co., and Jinpu Titanium Industry saw increases of 1.18%, 0.65%, and 0.63% respectively [1] - The overall market saw a net inflow of 0.25 billion yuan into the titanium dioxide concept sector, despite eight stocks experiencing net outflows [2] Group 2 - The leading stocks with net outflows included Vanadium Titanium Co. with a net outflow of 21.28 million yuan, followed by Longbai Group and Donghua Technology with outflows of 19.79 million yuan and 4.90 million yuan respectively [3] - Stocks with significant net inflows included Zhenhua Co., Jinpu Titanium Industry, and Guocheng Mining, with inflows of 29.98 million yuan, 29.38 million yuan, and 9.36 million yuan respectively [4] - Anada experienced a notable decline of 4.61% with a turnover rate of 20.08% and a net outflow of 1.92 million yuan [3]

Group 1 - The titanium dioxide concept sector experienced a decline of 7.12%, ranking among the top losers in the market [1][2] - Notable stocks within the titanium dioxide sector that faced significant declines include Guocheng Mining, which hit the daily limit down, and Jinpu Titanium Industry, Huiyun Titanium Industry, and Tianyuan Co., which also saw substantial drops [1][2] - The sector saw a net outflow of 376 million yuan from major funds, with 13 stocks experiencing net outflows, and 8 of those exceeding 10 million yuan [2] Group 2 - The stock with the highest net outflow was Zhenhua Co., with a net outflow of 128.44 million yuan, followed by Vanadium Titanium Co. and Titanium Chemical Co. with net outflows of 71.60 million yuan and 56.35 million yuan, respectively [2] - The top losers in the titanium dioxide concept included Zhenhua Co. (-7.37%), Vanadium Titanium Co. (-6.23%), and Titanium Chemical Co. (-8.56%) [2] - Other notable declines were observed in Tianyuan Co. (-9.44%) and Guocheng Mining (-9.98%), indicating a widespread downturn in the sector [2]

Market Overview - The steel raw materials sector experienced a significant decline of 7.96% on November 21, with Fangda Carbon leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Individual Stock Performance - Key stocks in the steel raw materials sector showed notable declines, with the following closing prices and percentage changes: - Hebei Resources: 17.13, -3.76% - Ordos: 11.10, -3.81% - Guangdong Mingzhu: 6.63, -4.47% - Steel Titanium: 3.01, -6.23% - Jinling Mining: 9.00, -8.54% - Baodi Mining: 6.99, -9.92% - Hainan Mining: 11.91, -9.98% - Dazhong Mining: 31.11, -10.01% - Fangda Carbon: 46.10, -10.03% [1] Capital Flow Analysis - The steel raw materials sector saw a net outflow of 591 million yuan from main funds, while retail investors contributed a net inflow of 558 million yuan [1] - The following table summarizes the capital flow for individual stocks: - Jinling Mining: Main funds net inflow of 416,000 yuan, retail net outflow of 242,640 yuan - Guangdong Mingzhu: Main funds net outflow of 4,430,600 yuan, retail net inflow of 17,561,700 yuan - Hebei Resources: Main funds net outflow of 9,426,400 yuan, retail net inflow of 11,678,400 yuan - Ordos: Main funds net outflow of 30,070,200 yuan, retail net inflow of 27,567,700 yuan - Baodi Mining: Main funds net outflow of 37,535,600 yuan, retail net inflow of 20,393,200 yuan - Steel Titanium: Main funds net outflow of 67,758,500 yuan, retail net inflow of 89,443,000 yuan - Dazhong Mining: Main funds net outflow of 67,807,300 yuan, retail net inflow of 45,444,800 yuan - Hainan Mining: Main funds net outflow of 87,271,300 yuan, retail net inflow of 87,836,100 yuan - Fangda Carbon: Main funds net outflow of 28,700,000 yuan, retail net inflow of 26,100,000 yuan [2]

Group 1 - A total of 34 companies were investigated by institutions on November 20, with 21 companies being researched by funds, indicating significant interest in these firms [1] - Among the companies, Lens Technology received the most attention, with 32 funds participating in its research, followed by China Shipbuilding Industry Corporation and Vanadium Titanium Resources, which had 10 and 7 funds respectively [1] - The companies researched by funds span 13 industries, with the electronics sector having the highest representation at 4 companies, followed by basic chemicals and automotive sectors with 3 and 2 companies respectively [1] Group 2 - The total market capitalization of the companies investigated includes 4 firms with a market cap exceeding 50 billion yuan, and 2 firms exceeding 100 billion yuan, such as BOE Technology Group and Lens Technology [1] - In terms of market performance, 6 of the investigated stocks increased in value over the past 5 days, with the highest gains seen in Meino Biological (4.42%), Xinrui Technology (3.21%), and Xinyin Electronics (3.16%) [1] - Conversely, 15 stocks experienced declines, with Lens Technology, Zhonggang Luonai, and Yongtai Technology showing the largest drops at 8.88%, 6.89%, and 6.58% respectively [1] Group 3 - Among the funds' research stocks, 10 showed net inflows over the past 5 days, with Fengyuan Co. leading with a net inflow of 60.25 million yuan, followed by Zhonglv Electric and Jiahe Intelligent with inflows of 22.07 million yuan and 19.09 million yuan respectively [2] - The detailed list of companies researched by funds includes Lens Technology, China Shipbuilding Industry Corporation, and Vanadium Titanium Resources, among others, with their respective latest closing prices and 5-day price changes [2][3]

Product Overview - The company produces a range of vanadium products including vanadium pentoxide, ferrovanadium, vanadium-nitrogen alloy, vanadium-aluminum alloy, and vanadium electrolyte, with an annual production capacity of 44,200 tons of vanadium products (measured as V2O5) [2][3] - Titanium products include titanium dioxide and titanium slag, with an annual capacity of 300,000 tons of titanium dioxide and 240,000 tons of titanium slag [2][3] Raw Material Supply and Pricing - The main raw materials, titanium concentrate and crude vanadium slag, are sourced from the controlling shareholder, Panzhihua Steel Group, ensuring stable supply [4] - Pricing for crude vanadium slag is based on a cost-plus model, while titanium concentrate is procured partially through market-based pricing [4] Performance Improvement Strategies - The company has implemented cost reduction and efficiency enhancement measures, including pressure on procurement and optimizing product mix based on market demand [5] - Continuous maintenance and expansion of sales channels, with a focus on both existing and new customers to alleviate sales pressure [5] Technological Advancements - The company has developed a 60,000-ton molten salt chlorination titanium dioxide production line, which utilizes low-grade titanium slag from the Panzhihua region, enhancing cost-effective resource utilization [6] Strategic Partnerships - Since signing a strategic cooperation agreement with Dalian Rongke in September 2021, the company has established a joint venture for a 2,000 cubic meter/year vanadium electrolyte production line, which has been operating effectively [7] - In 2024, the company plans to supply approximately 15,000 tons of vanadium products to Dalian Rongke, accounting for 28% of its total vanadium product sales for the year [7][8]

Core Insights - The steel raw materials sector experienced a rise of 1.84% on November 19, with Fangda Carbon leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Sector Performance - Fangda Carbon (600516) closed at 6.92, up 6.30% with a trading volume of 3.6294 million shares and a transaction value of 252.7 million yuan [1] - Dazhong Mining (001203) closed at 32.29, up 4.77% with a trading volume of 893,300 shares and a transaction value of 2.869 billion yuan [1] - Ordos (600295) closed at 11.61, up 1.93% with a trading volume of 100,100 shares and a transaction value of 11.5 million yuan [1] - Other notable performances include Baodi Mining (601121) at 7.56, up 0.67%, and Hebei Steel Resources (000923) at 18.01, up 0.56% [1] Capital Flow - The steel raw materials sector saw a net outflow of 158 million yuan from main funds, while retail investors contributed a net inflow of 83.82 million yuan [1] - Fangda Carbon had a main fund net inflow of 165 million yuan, but overall, the sector experienced significant outflows from other companies like Steel Titanium Co. (000629) with a net outflow of 821.61 million yuan [2] - Retail investors showed strong interest in Steel Titanium Co. with a net inflow of 759.23 million yuan, despite the overall negative trend in main fund flows [2]

Core Viewpoint - Vanadium Titanium Co., Ltd. clarified on November 18 that it does not engage in securities lending and confirmed that its major shareholder, Panzhihua Steel, also does not participate in securities lending [1] Group 1 - The sources of securities for margin trading include proprietary securities from securities companies, securities lent by institutional investors, and securities provided by other individual investors [1] - The company has not conducted any securities lending activities [1] - The company has verified with its controlling shareholder regarding the absence of securities lending [1]

Core Viewpoint - The titanium dioxide sector has experienced a significant decline, with a drop of 3.58% as of the market close on November 18, 2023, leading to several companies within the sector hitting their daily limit down [1][2]. Group 1: Market Performance - The titanium dioxide concept ranked among the top decliners in the market, with companies like Anada and Zhenhua Co. hitting the daily limit down [1][2]. - The sector saw a net outflow of 1.235 billion yuan from major funds, with 14 stocks experiencing net outflows, and 9 of those exceeding 10 million yuan [2]. Group 2: Individual Stock Performance - Guocheng Mining led the outflow with a net withdrawal of 529.32 million yuan, while Zhenhua Co. and Vanadium Titanium Co. followed with net outflows of 378.89 million yuan and 132.58 million yuan, respectively [2]. - Other notable companies with significant net outflows include Anada (94.32 million yuan), Donghua Technology (20.30 million yuan), and Longbai Group (10.64 million yuan) [2].

Core Viewpoint - Vanadium Titanium Co., Ltd. reported that as of November 10, 2025, the number of shareholders is approximately 253,000 [2] Summary by Category - **Company Information** - The company has approximately 253,000 shareholders as of the specified date [2] - **Investor Engagement** - The company responded to investor inquiries on an interactive platform regarding shareholder numbers [2]