Vanadium and titanium shares: The net profit for the first half of 2024 is expected to be 130 million yuan to 160 million yuan, a year-on-year decrease of 73.47% to 78.44%

Vanadium and Titanium Shares (SZ000629, closing price: 2.48 yuan) released its performance forecast on the evening of July 9. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2024 will be 130 million yuan to 160 million yuan, a year-on-year decrease of 73.47% to 78.44%; Basic earnings per share will be 0.014 yuan to 0.0172 yuan. It is estimated that the net profit attributable to shareholders of listed companies in the first half of 2024 will decrease by 73.47% to 78.44% compared with the same period last year, mainly due to the year-on-year decline in vanadium product prices during the reporting period. The company actively responded to market changes, connected production and marketing, and adjusted benefit varieties, which partially offset the impact of falling product prices.