Vanadium titanium shares 'third-quarter performance rebounded rapidly, net profit increased by 72.49% year-on-year
Shanghai Securities News·China Securities Network 
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October 26, 2023, 5:03 PM Vanadium and Titanium Co., Ltd. disclosed its third quarter report on the evening of the 25th. In the third quarter of this year, the company reversed the decline in performance in the first half of the year due to pressure on vanadium and titanium prices. Its performance rebounded rapidly. It achieved operating income of 3.529 billion yuan in a single quarter, a year-on-year increase of 12.42%, achieving a net profit attributable to shareholders of listed companies of 266 million yuan, a year-on-year increase of 72.49%, and achieving a net profit attributable to shareholders of listed companies of 257 million yuan after deducting non-recurring gains and losses. The year-on-year increase was 70.07%.
Driven by the growth in the third quarter, Vanadium and Titanium Co., Ltd. achieved operating income of 11.156 billion yuan in the first three quarters of this year, a slight decrease of 2.03% from the same period last year, and achieved a net profit attributable to shareholders of listed companies of 1.227 billion yuan, a year-on-year decrease of 29.19%. Compared with the semi-annual period, the year-on-year decrease in net profit has narrowed significantly, with basic earnings per share of 0.0973 yuan/share.