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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pangang Group Vanadium & Titanium Resources
Pangang Group Vanadium & Titanium Resources (000629) investor relations material
Pangang Group Vanadium & Titanium Resources Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue was ¥2.441bn, up 7.17% YoY; parent-attributable net income was ¥46.4m, down 8.38% YoY.
9M revenue reached ¥7.437bn and parent-attributable net income was ¥267.8m, up 280.17% YoY.
Financial highlights
9M net income was ¥306.5m versus a ¥180.7m loss a year earlier; parent-attributable net income was ¥267.8m versus a ¥148.7m loss.
9M adjusted for non-recurring items, net income attributable to shareholders was ¥250.4m, up 262.96% YoY; Q3 adjusted figure was ¥41.8m, down 11.99% YoY.
9M operating profit was ¥360.7m versus an operating loss of ¥149.6m in the prior-year period.
Key financial ratios and metrics
Basic and diluted EPS were ¥0.0289 for 9M, up 280.63% YoY; Q3 EPS was ¥0.0050, down 9.09% YoY.
Weighted average ROE was 2.15% for 9M, up 3.35 percentage points YoY; Q3 ROE was 0.38%, down 0.04 percentage points.
Total assets were ¥14.942bn at Sept. 30, up 2.98% from year-end; equity attributable to shareholders was ¥12.597bn, up 2.56%.
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Latest events from Pangang Group Vanadium & Titanium Resources
- Net profit surged 211% year-over-year on strong vanadium and titanium sales and margin gains.000629
Q2 2026 - Net profit rebounded to ¥71.87 million on higher vanadium prices and lower costs.000629Q1 2026
- Revenue dropped 32.69% and net profit turned negative amid weak vanadium and titanium prices.000629Q4 2025
- Q3 revenue fell 31% year-over-year, with ongoing losses and major board restructuring.000629Q3 2025
- Revenue fell 40.57% and net loss reached ¥199 million amid weak vanadium and titanium markets.000629Q2 2025
- Net profit dropped 83% year-over-year in Q3 2024 amid weak vanadium prices and cost pressures.000629Q3 2024
- Net profit plunged 77% on lower vanadium prices, but titanium sales and cash flow improved.000629Q2 2024
- Net profit plunged 73% on lower vanadium prices, with 2025 focused on cost and product upgrades.000629Q4 2024
- Revenue fell 40.84% and net profit turned negative amid weak vanadium and titanium prices.000629Q1 2025
Next Pangang Group Vanadium & Titanium Resources earnings date
Q4 202629 Mar, 2027
Pangang Group Vanadium & Titanium Resources
Next Pangang Group Vanadium & Titanium Resources earnings date
Q4 202629 Mar, 2027
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