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Due to the substantial increase in performance, the 2021 performance briefing of Panzhihua Iron and Steel Vanadium Titanium (000629.
SZ) held on the afternoon of April 12 attracted more attention from investors
.
At the meeting, the company's management told reporters and investors that the gross profit margin of the company's products increased last year due to the rising prices of raw materials and the measures taken by the company to reduce costs and increase efficiency
.
In addition, Ma Zhaohui, general manager of the company, revealed: "The market expects that vanadium batteries will grow significantly in the field of energy storage, and the prospects are promising
.
The company has the development and production capacity of vanadium electrolytes, and will also actively participate in the development of vanadium batteries
.
"
Pangang Vanadium and Titanium is mainly engaged in the production and sales of various vanadium and titanium products, and vanadium oxide and titanium dioxide occupy an important position in the market
.
The company's executives introduced at the meeting that the company's vanadium products (in terms of V2O5) have a production capacity of 40,000 tons per year, and the company's vanadium production in 2021 will account for about 20% and 32% of the global and Chinese market shares, respectively
.
The company's titanium dioxide production accounts for about 6% in China
.
At the performance meeting, according to the company's introduction, its main product raw materials have a certain market cost advantage, and the price of raw materials has a good stability in a certain period of time.
Xie Zhengmin, deputy general manager and financial director of the company, said: "The company and the The "Procurement Framework Agreement (2022-2024)" signed by the controlling shareholder Panzhihua Iron and Steel Group has clearly stipulated that Panzhihua Iron and Steel Group will ensure that all crude vanadium slag generated by its subsidiaries is sold to the company, and fully guarantee the company's stable source of crude vanadium slag raw materials
.
According to the research report of
Pacific Securities, the price of Panzhihua Iron and Steel Vanadium Titanium to purchase crude vanadium slag from Panzhihua Iron and Steel Group is 3019 yuan / ton, which has obvious advantages over the market price
.
Titanium concentrate is also provided by Panzhihua Iron and Steel Group.
Although the price advantage of raw materials is not as good as that of vanadium products, it also ensures the stability of raw materials
.
Xie Zhengmin said: "The gross profit margin of titanium products in 2021 is 17.
74%, an increase of 9.
26 percentage points from the gross profit margin in 2020.
"
The financial report data shows that in 2021, the company's non-net profit will be 1.
001 billion yuan, a substantial increase of 367.
67% compared with 2020.
In the first quarter of this year, the company is expected to make a profit of 450 million to 500 million yuan, a year-on-year increase of more than 100%
.
Xie Zhengmin said: "From the beginning of this year, the price of vanadium products has risen, and the price of titanium dioxide has been relatively stable, with a slight increase in general
.
The company is closely following the market, and the production capacity of the production line is fully released
.
" At the
meeting, some investors asked the company's market demand.
According to the company's independent director Mi Tuo, the domestic downstream is in a recovery or stable period, the international construction repainting market will usher in a boom cycle, and the titanium dioxide market will be strongly supported
.
At the same time, "carbon neutrality" in the vanadium industry has opened up new energy market space, which is conducive to promoting the development of all-vanadium redox flow battery energy storage projects
.
The continuous upgrading of high-strength steel in high-end equipment and high-end manufacturing industries will be more conducive to the growth of demand for vanadium products in the long run
.
Regarding future planning, Ma Zhaohui also revealed: "According to market demand, the company will build vanadium electrolyte production lines and supporting facilities in due course during the '14th Five-Year Plan' period
.
" The
company believes that in the field of chemical energy storage, all-vanadium redox flow batteries have undergone three After more than ten years of development, the technology has matured, and a number of demonstration projects have been built.
The market generally believes that it has industrial application prospects
.
When replying to whether the investor company will deploy the whole industry chain of vanadium batteries, Mi Tuo said: "The company has the production technology and capacity of vanadium electrolyte, and vanadium electrolyte is an important part of vanadium battery
.
"
SZ) held on the afternoon of April 12 attracted more attention from investors
.
At the meeting, the company's management told reporters and investors that the gross profit margin of the company's products increased last year due to the rising prices of raw materials and the measures taken by the company to reduce costs and increase efficiency
.
In addition, Ma Zhaohui, general manager of the company, revealed: "The market expects that vanadium batteries will grow significantly in the field of energy storage, and the prospects are promising
.
The company has the development and production capacity of vanadium electrolytes, and will also actively participate in the development of vanadium batteries
.
"
Pangang Vanadium and Titanium is mainly engaged in the production and sales of various vanadium and titanium products, and vanadium oxide and titanium dioxide occupy an important position in the market
.
The company's executives introduced at the meeting that the company's vanadium products (in terms of V2O5) have a production capacity of 40,000 tons per year, and the company's vanadium production in 2021 will account for about 20% and 32% of the global and Chinese market shares, respectively
.
The company's titanium dioxide production accounts for about 6% in China
.
At the performance meeting, according to the company's introduction, its main product raw materials have a certain market cost advantage, and the price of raw materials has a good stability in a certain period of time.
Xie Zhengmin, deputy general manager and financial director of the company, said: "The company and the The "Procurement Framework Agreement (2022-2024)" signed by the controlling shareholder Panzhihua Iron and Steel Group has clearly stipulated that Panzhihua Iron and Steel Group will ensure that all crude vanadium slag generated by its subsidiaries is sold to the company, and fully guarantee the company's stable source of crude vanadium slag raw materials
.
According to the research report of
Pacific Securities, the price of Panzhihua Iron and Steel Vanadium Titanium to purchase crude vanadium slag from Panzhihua Iron and Steel Group is 3019 yuan / ton, which has obvious advantages over the market price
.
Titanium concentrate is also provided by Panzhihua Iron and Steel Group.
Although the price advantage of raw materials is not as good as that of vanadium products, it also ensures the stability of raw materials
.
Xie Zhengmin said: "The gross profit margin of titanium products in 2021 is 17.
74%, an increase of 9.
26 percentage points from the gross profit margin in 2020.
"
The financial report data shows that in 2021, the company's non-net profit will be 1.
001 billion yuan, a substantial increase of 367.
67% compared with 2020.
In the first quarter of this year, the company is expected to make a profit of 450 million to 500 million yuan, a year-on-year increase of more than 100%
.
Xie Zhengmin said: "From the beginning of this year, the price of vanadium products has risen, and the price of titanium dioxide has been relatively stable, with a slight increase in general
.
The company is closely following the market, and the production capacity of the production line is fully released
.
" At the
meeting, some investors asked the company's market demand.
According to the company's independent director Mi Tuo, the domestic downstream is in a recovery or stable period, the international construction repainting market will usher in a boom cycle, and the titanium dioxide market will be strongly supported
.
At the same time, "carbon neutrality" in the vanadium industry has opened up new energy market space, which is conducive to promoting the development of all-vanadium redox flow battery energy storage projects
.
The continuous upgrading of high-strength steel in high-end equipment and high-end manufacturing industries will be more conducive to the growth of demand for vanadium products in the long run
.
Regarding future planning, Ma Zhaohui also revealed: "According to market demand, the company will build vanadium electrolyte production lines and supporting facilities in due course during the '14th Five-Year Plan' period
.
" The
company believes that in the field of chemical energy storage, all-vanadium redox flow batteries have undergone three After more than ten years of development, the technology has matured, and a number of demonstration projects have been built.
The market generally believes that it has industrial application prospects
.
When replying to whether the investor company will deploy the whole industry chain of vanadium batteries, Mi Tuo said: "The company has the production technology and capacity of vanadium electrolyte, and vanadium electrolyte is an important part of vanadium battery
.
"
