Pangang Group Vanadium & Titanium Resources (000629) Q3 2026 earnings summary

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%.