Vanadium and Titanium Co., Ltd. (000629.SZ) announced its 2023 annual results, with net profit of 1,058 billion yuan, a year-on-year decrease of 21.32%

According to the Zhitong Finance App, Vanadium and Titanium Co., Ltd. (000629.SZ) disclosed the 2023 annual report. The company achieved revenue of 14.38 billion yuan in 2023, a year-on-year decrease of 4.69% (after adjustment); net profit to mother of 1,058 billion yuan, a year-on-year decrease of 21.32%; deducted non-net profit of 1,047 million yuan, a year-on-year decrease of 19.28%; and basic earnings per share.

During the reporting period, with balanced, stable and efficient operation of production lines as the core, improving the level of equipment control, fully releasing the scale of production, adhering to the principle of market coercion, focusing on measures such as scale release, index optimization, procurement cost reduction, cost control, policy competition, and comprehensive variety optimization efforts, etc., all tasks were completed well. During the reporting period, the company completed a total of 49,800 tons of vanadium products (in terms of V2O5), an increase of 6.09%; due to market influence, the production organization of titanium dioxide and titanium slag was optimized in a timely manner to ensure production and sales balance. 251,000 tons of titanium dioxide (including 13,000 tons of titanium dioxide chloride), an increase of 3.09% year on year; and 193,400 tons of titanium slag, an increase of 3.27% year on year.

During the reporting period, the company focused on the central work of fine control, marketing, scientific and technological innovation, quantitative cost reduction, project delivery, etc., to strengthen marketing, research and production links, and optimize the variety structure in a market-oriented manner. Among them, the 1,000 ton high-purity vanadium oxide production line and 2,000 cubic meter vanadium electrolyte production line all achieved production efficiency. Vanadium production and sales for vanadium for energy storage exceeded 8800 tons of vanadium pentoxide equivalent. Production and operation management were strengthened, and production process control capabilities were greatly improved; the overall level of environmental protection management was greatly improved; The advantages are more obvious; to build The goal is a technology-innovative enterprise, guided by market demand and technological progress, using process technology upgrading and optimization, major product development, equipment upgrades, etc. as entry points, optimizing the scientific and technological innovation mechanism, improving the technological innovation system platform, making every effort to carry out scientific and technological innovation technology research and research work, and enhance the company's technological competitive advantage and profit growth point.