Panzhihua vanadium titanium net profit fell more than fifty percent

In the first half of the company business income is 7.85666 billion yuan, fell by 448.31 million yuan, down by 5.40%; Profit is 518.85 million yuan, fell by 428.24 million yuan, down 45.22%; Net profit attributable to shareholders of listed companies of 345 million yuan, fell ansi b16.5 forged Slip on flange 300lbs 52.71% year on year, basic earnings per share 0.04 yuan. In line with the previous judgement. Company said that in the first half of the iron concentrate, titanium products such as main product price year-on-year decline in guiding the company's performance decline significantly.

Public information, panzhihua vanadium titanium after through with a major asset replacement, anshan iron and steel group put out some poor steel assets, profitability, and the latter saddle thousand carrara mining and 50% equity into it. At present, the main business of ore and iron long radius butt weld pipe elbow ore concentrate on net profit contribution is the largest, 66%, and vanadium products, titanium products and other contribution to net profit accounted for 3%, 25% and 6%, respectively.

Can be seen from the center daily news, however, in the company's main products, although the highest gross margins, titanium concentrate is 70.06%, but compared to last year, still fell by 12.27%. And to the great contribution to the company's profit and gross margin of 38.24% iron 180 degree elbow pipe fitting asme b16.9 steel elbow concentrate ore, fell 6.27%. Also note that the company's titanium dioxide product gross margin is only 3.02%, down 22.08%, compared to the revenues also fell 39.91%. It is reported that recently, the company will be 47% price cut titanium concentrate grade, decline of 100 yuan/ton. Some analysts pointed out that while some white factory production, production, but white overcapacity problem is still serious, is expected to price is difficult to the upside.