Vanadium Titanium's net profit in the third quarter fell by 80% year-on-year, and product supply and demand imbalances and prices remain low

On October 18, Vanadium Titanium Co., Ltd. released its third quarter report. In the third quarter of 2024, the company's revenue was 3.316 billion yuan, a year-on-year decrease of 6.04%, and its net profit attributable to the parent company was 45.9257 million yuan, a year-on-year decrease of 82.74%. In the first three quarters, the company's revenue was 10.474 billion yuan, a year-on-year decrease of 6.12%, and its net profit attributable to the parent company was 183 million yuan, a year-on-year decrease of 78.92%. The company's semi-annual report shows that in the first half of this year, the company achieved revenue of 7.158 billion yuan, a year-on-year decrease of 7.158 billion yuan...[View original text]