钒钛股份公告，近日，公司全资子公司攀钢集团成都钒钛资源发展有限公司与大连融科储能集团股份有 限公司在四川省成都市签订了《2026年钒储能原料合作年度框架协议》。协议期限为2026年1月1日至 2026年12月31日。根据协议，双方将采取多钒酸铵原料购销的合作模式，2026年度预计总数量为20000 吨（折合五氧化二钒）。该数量不含钒钛股份与大连融科成立的钒储能合资公司及其他专项重大储能项 目所需原料。最终交易数量将以实际结算为准，协议能否全部得以执行尚存在不确定性。 ...

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 2026年1月30日，钒钛股份（sz000629）触及跌停，跌停价3.77元，涨幅-9.79%，总市值351.20亿元，流 通市值351.17亿元，截止发稿，总成交额11.61亿元。 根据喜娜AI异动分析，钒钛股份跌停原因可能如下，业绩预亏+产品降价+ESG评级降： 1、公司经营业 绩堪忧：2025年业绩预亏，1 - 9月已亏损1.49亿元且同比降181%。营业收入同比下降37.64%，主因是钒 钛产品价格下行，同时还计提存货跌价准备2.37亿元，反映库存商品价值缩水，这些经营上的不利因素 对股价造成了沉重打击。 2、产业形势与企业形象影响：在当前注重企业可持续发展的市场环境下， 2026年1月20日 ...

证券日报网讯 1月26日，钒钛股份（000629）在互动平台回答投资者提问时表示，公司积极研究国家政 策规划，持续优化公司钒钛产业布局，并通过合资合作、自主创新等方式，大力推进钒在储能等非钢领 域应用，不断提升公司产品市场竞争力，推动公司钒钛产业良性发展。公司相关产品按照市场化方式销 售。 ...

Group 1: Company Overview - The company focuses on the production of vanadium, titanium, and electricity, with vanadium and titanium as strategic priorities. The vanadium production capacity is 44,200 tons/year (measured in V2O5), while titanium dioxide production capacity is 300,000 tons/year. Additionally, the company has a titanium slag production capacity of 240,000 tons/year [2] - The main production lines are located in Panzhihua, Xichang, and Beihai, Guangxi for vanadium, and in Panzhihua and Chongqing for titanium dioxide [2] Group 2: Raw Material Supply and Pricing - The primary raw materials, titanium concentrate and crude vanadium slag, are sourced from the controlling shareholder, Panzhihua Steel Group, ensuring stable supply from key mining areas [2] - The pricing model for crude vanadium slag is based on cost plus reasonable profit, while all titanium concentrate produced by the controlling shareholder is supplied to the company [2] Group 3: Key Projects - The 60,000 tons molten salt chlorination project is a key provincial construction project, utilizing proprietary technology for low-grade titanium slag processing, aimed at efficient resource utilization [3] Group 4: Strategic Partnerships - The company has a joint venture with Dalian Rongke to establish a 2,000 cubic meters/year vanadium electrolyte production line. The supply of vanadium products to Dalian Rongke is expected to reach approximately 15,000 tons in 2024, accounting for 28% of the company's total vanadium sales [4] - A framework agreement for 20,000 tons of vanadium storage materials for 2025 has been signed, with plans for further collaboration in the energy storage sector [4]

Core Viewpoint - The company is actively expanding the application of vanadium in non-steel fields, including vanadium energy storage, and has established a strategic partnership with leading domestic vanadium energy storage enterprise Dalian Rongke [1] Group 1: Strategic Partnerships - The company has formed a joint venture with Dalian Rongke to build a vanadium electrolyte production line with a capacity of 2,000 cubic meters per year [1] - The partnership also focuses on the procurement and sales cooperation of vanadium products for energy storage [1] Group 2: Supply and Growth - The company has seen a year-on-year increase in the supply of vanadium products to Dalian Rongke, with a cumulative supply exceeding 20,000 tons (equivalent to vanadium pentoxide) [1] - The company plans to continue promoting the cooperation and application of vanadium in the energy storage sector in the future [1]

Group 1: Company Overview - The main business of the company includes the production and sales of vanadium, titanium, and electricity, with a focus on vanadium products, titanium dioxide, and titanium slag [1] - The company has an annual production capacity of 185,000 tons of V2O5, 300,000 tons of titanium dioxide, and 240,000 tons of titanium slag [1] Group 2: Applications of Vanadium Products - Vanadium is primarily used in the steel industry and energy storage, enhancing the strength, toughness, and wear resistance of steel [1] - Vanadium is also utilized in producing vanadium electrolyte for vanadium redox flow batteries, which are important for energy storage due to their long lifespan and high safety [1] Group 3: Impact of Recent Projects - The Yarlung Tsangpo River downstream hydropower project is expected to increase demand for high-quality steel products, benefiting the company's vanadium products [2] - The new national standard GB1499.2-2024, effective from September 25, 2024, mandates stricter quality regulations for rebar, reflecting the government's emphasis on construction quality [2] Group 4: Collaboration with Dalian Rongke - The company has been increasing its supply of vanadium products to Dalian Rongke, with an expected supply of approximately 15,000 tons in 2024, accounting for 28% of the company's total vanadium product sales [2] - A framework agreement for 2025 has been signed, with plans to expand cooperation in the application of vanadium in energy storage [2]

Group 1: Production Capacity and Raw Material Sources - The company sources vanadium slag primarily from its controlling shareholder, Pangang Group [1] - The production capacity of vanadium products includes: - 22,000 tons/year from the Panzhihua vanadium products subsidiary [1] - 18,000 tons/year of V2O5 products from the Xichang vanadium products subsidiary [1] - 3,000 tons/year of vanadium iron processing capacity from Beihai Ferroalloy [1] - 4,200 tons/year of vanadium product processing capacity from Yangrun Technology [1] Group 2: Impact of Infrastructure Projects - The Yarlung Tsangpo River downstream hydropower project is the largest water conservancy project currently under construction in China, which is expected to boost demand for high-quality steel products [1] - The new national standard GB1499.2-2024, effective from 2024, has transitioned from a recommended standard to a mandatory one, emphasizing the importance of construction quality and introducing new requirements and technical specifications for the industry [1][2] Group 3: Collaboration with Dalian Rongke - The company has established a joint venture with Dalian Rongke to build a vanadium electrolyte production line with a capacity of 2,000 cubic meters/year [2] - The supply of vanadium products to Dalian Rongke is projected to reach 15,000 tons in 2024, accounting for 28% of the company's total vanadium product sales [2] - A framework agreement for 2025 has been signed, with an expected total supply of 20,000 tons, and plans to expand cooperation in the application of vanadium in energy storage [2]

Group 1: Key Recommendations - The report highlights Vanadium Titanium Co., Ltd. (000629) as a key recommendation, indicating that high-end production capacity is being gradually released, suggesting an impending profit turning point [8] - The report notes that the company achieved a revenue of 13.209 billion yuan in 2024, a year-on-year decrease of 8.1%, and a net profit attributable to shareholders of 285 million yuan, down 73.0% year-on-year [8][9] - The report emphasizes the structural changes in downstream demand, with an increase in vanadium demand in non-steel applications, particularly in energy storage [9] Group 2: Industry Insights - The vanadium market is currently experiencing an oversupply, with the average market price of vanadium pentoxide in 2024 at approximately 80,500 yuan per ton, a year-on-year decrease of 25.9% [9] - The titanium dioxide market is also facing oversupply due to weak demand in downstream sectors such as real estate and coatings, with the company’s titanium dioxide revenue in 2024 reaching 3.517 billion yuan, a year-on-year increase of 2.5% [10] - The report forecasts that the company plans to produce 52,500 tons of vanadium products and 22,550 tons of sulfuric acid titanium dioxide in 2025, indicating a focus on expanding production capacity [11] Group 3: Market Performance - The pharmaceutical and biotechnology sector saw an overall increase of 0.98% in the last week, outperforming the CSI 300 index by 0.97 percentage points [12] - The report indicates that the PE valuation for the pharmaceutical and biotechnology sector is currently at 27.11 times, which is at a historically low level [12] - The report suggests that the recent performance of innovative drugs has been strong, with several companies reporting excellent earnings data [14]