Pangang Group Vanadium Titanium&Resources Co.,Ltd.’s Net Profit Dropped 33.4% in First Quarter of 2023

Pangang Group Vanadium Titanium&Resources Co.,Ltd. (攀钢集团钒钛资源股份有限公司) (000629.SZ) reported a net profit of 329.1 million yuan in the first quarter of 2023, down 33.4% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 20.5%.