On March 26, 2024, Vanadium and Titanium (000629.SZ) released its 2023 full-year performance report.
The company achieved operating income of 14.38 billion yuan, a year-on-year decrease of 4.69%, net profit attributable to the parent company was 1.058 billion yuan, a year-on-year decrease of 21.32%, and net cash flow from operating activities was 263 million yuan, a year-on-year decrease of 86.59%. The asset-liability ratio was 18.24%, a year-on-year decrease of 4.90 percentage points.
The company's gross sales margin was 14.40%, a year-on-year decrease of 1.89 percentage points. Basic earnings per share were 0.12 yuan, a year-on-year decrease of 24.35%. The return on diluted net assets was 8.72%, a year-on-year decrease of 6.56 percentage points.
The company's inventory turnover rate was 11.79 times, down 0.20 times year-on-year, and the total asset turnover rate was 1.05 times, down 0.31 times year-on-year.
The company's advance receipts were approximately 760,000 yuan, sales expenses were approximately 113 million yuan, management expenses were approximately 227 million yuan, and financial expenses were approximately-78 million yuan.
The company's main business is vanadium products, titanium dioxide, titanium concentrate, electricity, titanium slag, other, steel and steel products, achieving revenue of 5.233 billion yuan, 3.430 billion yuan, 2.309 billion yuan, 1.905 billion yuan, and 818 million yuan respectively., 453 million yuan, and 232 million yuan.
