Anning Co., Ltd.(002978) released an investor relations activity record form on May 23. On May 19, 2023, the company accepted surveys from 6 institutions. The types of institutions are insurance companies, others, fund companies, and securities companies. Introduction to the main contents of investor relations activities:
Question: Why are the company's performance declining in 2022?
Answer: The company's production and operation are operating normally, mainly due to the decline in the sales price of vanadium-titanium iron concentrate.
Question: What are the future expectations of the company's products?
Answer: 1. Demand side of titanium concentrate: China's titanium dioxide market will recover in 2023, and overseas, especially Southeast Asia and South Asia, will see good growth. At the same time, the consumption of sponge titanium is also increasing year by year. Supply side: Due to limited resources, there have been basically no new large-scale greenfield mines in recent years. The increase on the supply side is limited, and the inventory of titanium concentrate in upstream and downstream enterprises is low. The growth on the supply side is lower than the growth on the demand side, the supply of titanium ore is tight, and the price of titanium concentrate is expected to remain prosperous.
2. In 2022, vanadium-titanium iron concentrate was affected by the general environment and the implementation of the national macroeconomic boost policy fell short of expectations. Real estate and planned infrastructure projects started less than expected, and the price of vanadium-titanium iron concentrate was at a historically low. It is expected that the market environment will gradually pick up this year, and the current price of vanadium-titanium iron concentrate has recovered compared with the fourth quarter of 2022.
Question: What is the progress of the company's iron phosphate project?
Answer: The project has currently entered the construction stage of the main factory building and is expected to be put into operation in the second half of the year.
Question: What is the progress of the company's additional shares to specific targets?
Answer: Currently, the company is advancing the project of issuing shares to specific objects in an orderly manner in accordance with the provisions of relevant laws and regulations and the requirements of regulatory agencies. The company will announce the progress in a timely manner in accordance with relevant regulations. Please pay attention to the company's relevant announcements.
Question: What is the company's future plans for vanadium?
Answer: The company has been paying attention to the development of downstream applications of vanadium and is optimistic about the future of vanadium batteries. In the future, the company will launch vanadium-related investment projects in a timely manner based on the development of the vanadium industry and industrial policies;
Sichuan Anning Iron and Titanium Co., Ltd.'s main business is the mining, washing and sales of vanadium-titanium magnetite ore, and its main products are vanadium-titanium iron concentrate and titanium concentrate. The company is an important titanium concentrate supplier and leading enterprise in China, with titanium metal recovery rate leading the industry; titanium concentrate sells to the market, and the sales scale ranks first in China; relying on its leading position in the titanium concentrate market, the company has strong bargaining power in the titanium concentrate market. Relying on technological innovation, standardized management and emphasis on environmental protection and safety in the field of comprehensive utilization of vanadium-titanium magnetite, the company was selected as one of the first batch of national demonstration base enterprises for comprehensive utilization of mineral resources, a national green mining enterprise, and one of the top 50 metallurgical mining enterprises in China.
