New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings have declined by 38% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Annonce • Jun 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Annonce • Mar 31
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥0.01 loss per share (vs CN¥0.031 profit in FY 2024) Full year 2025 results: CN¥0.01 loss per share (down from CN¥0.031 profit in FY 2024). Revenue: CN¥8.89b (down 33% from FY 2024). Net loss: CN¥93.3m (down 133% from profit in FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Annonce • Mar 31
Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 24, 2026 Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:40 China Standard Time. Location: The Company's Meeting Room, Panzhihua, Sichuan China New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Dec 31
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.005 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.005 (in line with 3Q 2024). Revenue: CN¥2.28b (down 31% from 3Q 2024). Net income: CN¥50.6m (up 10% from 3Q 2024). Profit margin: 2.2% (up from 1.4% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: CN¥0.011 loss per share (vs CN¥0.008 profit in 2Q 2024) Second quarter 2025 results: CN¥0.011 loss per share (down from CN¥0.008 profit in 2Q 2024). Revenue: CN¥2.13b (down 40% from 2Q 2024). Net loss: CN¥101.3m (down 247% from profit in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Annonce • Jul 02
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 29
First quarter 2025 earnings released: CN¥0.011 loss per share (vs CN¥0.007 profit in 1Q 2024) First quarter 2025 results: CN¥0.011 loss per share (down from CN¥0.007 profit in 1Q 2024). Revenue: CN¥2.12b (down 41% from 1Q 2024). Net loss: CN¥98.0m (down 244% from profit in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annonce • Apr 23
Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) announces an Equity Buyback for CNY 200 million worth of its shares. Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.30 per share. The repurchased shares will be used for implementation of equity incentives. The authorization will be valid for a period of 12 months. Board Change • Apr 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shengliang Liu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Mar 31
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.031 (down from CN¥0.12 in FY 2023). Revenue: CN¥13.2b (down 8.1% from FY 2023). Net income: CN¥285.2m (down 73% from FY 2023). Profit margin: 2.2% (down from 7.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Mar 29
Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 25, 2025 Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:40 China Standard Time. Location: The Company's Meeting Room, Panzhihua, Sichuan China Annonce • Dec 31
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥14.8b to CN¥14.5b. EPS estimate also fell from CN¥0.12 per share to CN¥0.07 per share. Net income forecast to grow 123% next year vs 38% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥3.47 to CN¥2.82. Share price fell 4.0% to CN¥2.85 over the past week. Price Target Changed • Nov 27
Price target decreased by 23% to CN¥2.82 Down from CN¥3.67, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥2.85. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.07 for next year compared to CN¥0.12 last year. New Risk • Oct 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.005 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.005 (down from CN¥0.028 in 3Q 2023). Revenue: CN¥3.32b (down 6.0% from 3Q 2023). Net income: CN¥45.9m (down 83% from 3Q 2023). Profit margin: 1.4% (down from 7.5% in 3Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Sep 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥2.68, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 44% over the past three years. Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥15.2b to CN¥14.8b. EPS estimate also fell from CN¥0.155 per share to CN¥0.12 per share. Net income forecast to grow 85% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥3.67 to CN¥3.47. Share price was steady at CN¥2.29 over the past week. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.032 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.008 (down from CN¥0.032 in 2Q 2023). Revenue: CN¥3.57b (down 2.9% from 2Q 2023). Net income: CN¥69.2m (down 75% from 2Q 2023). Profit margin: 1.9% (down from 7.4% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Annonce • Jun 29
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Reported Earnings • May 04
First quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.038 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.007 (down from CN¥0.038 in 1Q 2023). Revenue: CN¥3.59b (down 9.2% from 1Q 2023). Net income: CN¥68.1m (down 79% from 1Q 2023). Profit margin: 1.9% (down from 8.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Mar 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Mar 26
Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 26, 2024 Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 26, 2024, at 14:40 China Standard Time. Location: The Company's Meeting Room, Panzhihua, Sichuan China Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.16 in FY 2022). Revenue: CN¥14.4b (down 4.7% from FY 2022). Net income: CN¥1.06b (down 21% from FY 2022). Profit margin: 7.4% (down from 8.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥3.05, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Metals and Mining industry in China. Total returns to shareholders of 50% over the past three years. Annonce • Dec 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.018 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028 (up from CN¥0.018 in 3Q 2022). Revenue: CN¥3.53b (up 12% from 3Q 2022). Net income: CN¥266.1m (up 73% from 3Q 2022). Profit margin: 7.5% (up from 4.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Annonce • Sep 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Sep 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.032 (vs CN¥0.07 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.032 (down from CN¥0.07 in 2Q 2022). Revenue: CN¥3.68b (down 11% from 2Q 2022). Net income: CN¥273.7m (down 55% from 2Q 2022). Profit margin: 7.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Jul 01
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥4.09, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.26 per share. Reported Earnings • Mar 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.16 (up from CN¥0.15 in FY 2021). Revenue: CN¥15.1b (up 7.3% from FY 2021). Net income: CN¥1.34b (up 1.2% from FY 2021). Profit margin: 8.9% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Supervisor Mingxiong Xiao is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.30, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 87% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.018 (vs CN¥0.032 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.018 (down from CN¥0.032 in 3Q 2021). Revenue: CN¥3.14b (down 18% from 3Q 2021). Net income: CN¥154.2m (down 44% from 3Q 2021). Profit margin: 4.9% (down from 7.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥4.75, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.97 per share. Buying Opportunity • Sep 28
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be CN¥5.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 8.9% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.041 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.041 in 2Q 2021). Revenue: CN¥4.11b (up 8.9% from 2Q 2021). Net income: CN¥603.0m (up 72% from 2Q 2021). Profit margin: 15% (up from 9.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.4%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Annonce • Jul 30
Pangang Group Vanadium & Titanium Resources Co., Ltd. Announces Board Elections Pangang Group Vanadium & Titanium Resources Co., Ltd. in its 1st Extraordinary General Meeting of 2022 on 28 July 2022 approved the election of Xie Junyong, Li Xiaoyu, Ma Chaohui, Xie Zhengmin, Wen Benchao and Wu Yinghong as non-independent directors. Gao Jinkang, Liu Shengliang and Mi Tuo as independent directors, and Xiao Mingxiong and Li Haibo as shareholder supervisors. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.15, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.00 per share. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥4.18, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.04 per share. Price Target Changed • Apr 27
Price target increased to CN¥4.20 Up from CN¥2.15, the current price target is an average from 2 analysts. New target price is 39% above last closing price of CN¥3.02. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.15 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.055 (up from CN¥0.018 in 1Q 2021). Revenue: CN¥4.14b (up 23% from 1Q 2021). Net income: CN¥470.2m (up 121% from 1Q 2021). Profit margin: 11% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 19%. Over the next year, revenue is forecast to stay flat compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.026 in FY 2020). Revenue: CN¥14.1b (up 33% from FY 2020). Net income: CN¥1.33b (up 489% from FY 2020). Profit margin: 9.4% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 3.2%, compared to a 10,714% growth forecast for the mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annonce • Mar 31
Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 28, 2022 Pangang Group Vanadium & Titanium Resources Co., Ltd., Annual General Meeting, Apr 28, 2022, at 14:20 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual accounts; to consider the 2022 financial budget report; to consider the 2021 profit distribution plan; to consider the 2021 annual report and its summary; to consider the 2022 investment plan (draft); to consider the reappointment of audit firm; to consider the by-election of non-independent directors; and to consider the change of the company's registered capital and amendments to the company's articles of association. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥4.28, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 37% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.032 (vs CN¥0.012 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.82b (up 35% from 3Q 2020). Net income: CN¥275.1m (up 163% from 3Q 2020). Profit margin: 7.2% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.04, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 13% over the past three years. Annonce • Sep 09
Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) signed a share transfer agreement to acquire Pangang Group Xichang Vanadium Products Technology Co., Ltd. from Pangang Group Xichang Steel and Vanadium Company Limited for CNY 4.6 billion. Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) signed a share transfer agreement to acquire Pangang Group Xichang Vanadium Products Technology Co., Ltd. from Pangang Group Xichang Steel and Vanadium Company Limited for CNY 4.6 billion on September 7, 2021. 70% of the consideration will be paid within 5 working days from the delivery date and the remaining 30% stake will be paid with 12 months from the delivery date. As of June 30, 2021, Pangang Group Xichang Vanadium Products Technology reported total assets of CNY 1.67 billion, liabilities of CNY 207.2 million and net assets of CNY 1.46 billion. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.25, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.041 (vs CN¥0.002 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.78b (up 53% from 2Q 2020). Net income: CN¥351.6m (up CN¥336.5m from 2Q 2020). Profit margin: 9.3% (up from 0.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Annonce • Aug 06
Pangang Group Vanadium Titanium & Resources to Buy Shareholder's Firm Via Cash Pangang Group Vanadium & Titanium Resources Co., Ltd. (SZSE:000629) said it plans to buy controlling shareholder's vanadium products firm via cash. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥2.70, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 31% over the past year. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.008 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.36b (up 32% from 1Q 2020). Net income: CN¥155.8m (up 121% from 1Q 2020). Profit margin: 4.6% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.026 (vs CN¥0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.6b (down 20% from FY 2019). Net income: CN¥225.3m (down 84% from FY 2019). Profit margin: 2.1% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Annonce • Feb 25
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥1.95 The company is down 2.0% from its price of CN¥1.99 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.22 per share. Is New 90 Day High Low • Nov 13
New 90-day high: CN¥2.37 The company is up 6.0% from its price of CN¥2.24 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.14 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥198.9m, down 92% from the prior year. Total revenue was CN¥10.6b over the last 12 months, down 29% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥2.04 The company is down 5.0% from its price of CN¥2.14 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.81 per share. Annonce • Oct 19
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥2.06 The company is down 1.0% from its price of CN¥2.08 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.86 per share. Annonce • Jul 23
Pangang Group Vanadium & Titanium Resources Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020