Pangang (SZ:000629) Xin Lang Zheng Quan·2025-10-28 06:30Core Viewpoint - Vanadium Titanium Co., Ltd. has experienced a decline in stock price and significant financial losses in recent months, indicating potential challenges in its operational performance and market position [1][2]. Financial Performance - As of September 30, 2025, the company reported a revenue of 6.532 billion yuan, a year-on-year decrease of 37.64% [2]. - The net profit attributable to shareholders was -149 million yuan, reflecting a year-on-year decrease of 181.13% [2]. - The company has not distributed any dividends in the past three years, with a total payout of 3.578 billion yuan since its A-share listing [3]. Stock Market Activity - On October 28, the stock price fell by 2.31%, trading at 2.96 yuan per share, with a total market capitalization of 27.501 billion yuan [1]. - The stock has seen a year-to-date increase of 2.78%, with no change over the last five trading days, a 3.14% increase over the last 20 days, and a 5.34% increase over the last 60 days [1]. - The net outflow of main funds was 37.963 million yuan, with significant selling pressure observed [1]. Shareholder Information - The number of shareholders increased to 252,600, a rise of 1.05% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 1.03% to 36,776 shares [2]. - Notable institutional holdings include Southern CSI 500 ETF, which reduced its holdings by 1.5855 million shares, and Hong Kong Central Clearing Limited, which increased its holdings by 346,110 shares [3]. Business Overview - Vanadium Titanium Co., Ltd. is primarily engaged in iron ore mining, titanium concentrate refining, and the production and processing of vanadium-titanium products [1]. - The revenue composition includes vanadium products (45.35%), titanium dioxide (34.82%), titanium slag (6.87%), and other segments [1].