Pangang Group Vanadium & Titanium Resources (000629) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥2.48 billion in Q1 2026, up 16.7% year-over-year.

• Net profit attributable to shareholders was ¥71.87 million, reversing a loss of ¥98 million in Q1 2025.

• Significant improvement in operating cash flow, with net inflow of ¥163 million compared to an outflow last year.

Financial highlights

• Revenue increased 16.7% year-over-year to ¥2.48 billion.

• Net profit attributable to shareholders reached ¥71.87 million, up 173.3% year-over-year.

• Basic and diluted EPS were ¥0.0077, compared to -¥0.0106 last year.

• Operating cash flow improved 471.6% year-over-year to ¥163 million.

• Total assets grew 1.29% to ¥14.70 billion at quarter-end.

Outlook and guidance

• Profit growth attributed to higher vanadium product prices and lower raw material costs.