P 
Pangang Group Vanadium & Titanium Resources Co 000629.SZ · CNY
Materials · Shenzhen · 🇨🇳 China
2.73
-0.73%
Close of 9 Nov 2026, in CNY
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥8.89bn
FY2016FY2025
Net income
−CN¥93.3m
FY2016FY2025
Free cash flow
CN¥206.9m
FY2016FY2025
Shareholders' equity
CN¥12.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.89bn | CN¥13.21bn | CN¥14.38bn | CN¥15.09bn | CN¥14.06bn | CN¥10.54bn | CN¥13.16bn | CN¥15.16bn | CN¥9.44bn | CN¥10.61bn |
| Gross profit | CN¥1.21bn | CN¥948.4m | CN¥2.02bn | CN¥2.36bn | CN¥2.73bn | CN¥1.31bn | CN¥2.57bn | CN¥4.14bn | CN¥1.64bn | CN¥505.8m |
| Research and development | CN¥287.2m | CN¥447.5m | CN¥565.9m | CN¥576.3m | CN¥672.8m | CN¥414.3m | CN¥463.6m | CN¥465.8m | CN¥243.4m | CN¥396.6m |
| Operating income | CN¥167.4m | CN¥355.4m | CN¥1.21bn | CN¥1.47bn | CN¥1.72bn | CN¥580.5m | CN¥1.52bn | CN¥2.98bn | CN¥1.03bn | −CN¥1.52bn |
| Net income | −CN¥93.3m | CN¥285.2m | CN¥1.06bn | CN¥1.34bn | CN¥1.33bn | CN¥380.9m | CN¥1.42bn | CN¥3.09bn | CN¥863.3m | −CN¥5.99bn |
| Diluted earnings per share | -0.01 | 0.03 | 0.11 | 0.16 | 0.15 | 0.04 | 0.17 | 0.36 | 0.10 | -0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.51bn | CN¥14.84bn | CN¥15.33bn | CN¥11.94bn | CN¥10.21bn | CN¥13.11bn | CN¥12.97bn | CN¥12.53bn | CN¥10.47bn | CN¥9.62bn |
| Cash and short-term investments | — | CN¥4.41bn | CN¥4.34bn | CN¥2.37bn | CN¥606.8m | CN¥3.39bn | CN¥4.35bn | CN¥2.20bn | CN¥1.26bn | CN¥1.26bn |
| Total liabilities | CN¥1.90bn | CN¥1.98bn | CN¥2.80bn | CN¥2.76bn | CN¥2.27bn | CN¥1.92bn | CN¥3.33bn | CN¥4.34bn | CN¥5.93bn | CN¥6.01bn |
| Debt | CN¥142.7m | CN¥137.4m | CN¥160.4m | CN¥115.5m | CN¥63.1m | CN¥114.9m | CN¥1.60bn | CN¥1.65bn | CN¥1.49bn | CN¥1.71bn |
| Shareholders' equity | CN¥12.28bn | CN¥12.47bn | CN¥12.13bn | CN¥8.79bn | CN¥7.53bn | CN¥10.88bn | CN¥9.34bn | CN¥7.90bn | CN¥4.30bn | CN¥3.43bn |
| Shares outstanding | 9,255m | 9,290m | 9,283m | 8,575m | 8,596m | 8,573m | 8,580m | 8,594m | 8,595m | 8,594m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥435.2m | CN¥658.5m | CN¥262.8m | CN¥1.96bn | CN¥1.78bn | CN¥736.6m | CN¥3.28bn | CN¥1.78bn | −CN¥380.3m | −CN¥336.1m |
| Capital spending | −CN¥228.3m | −CN¥505.0m | −CN¥479.4m | −CN¥148.1m | −CN¥38.2m | −CN¥71.1m | −CN¥44.7m | −CN¥123.4m | −CN¥171.2m | −CN¥508.3m |
| Free cash flow | CN¥206.9m | CN¥153.5m | −CN¥216.6m | CN¥1.81bn | CN¥1.74bn | CN¥665.5m | CN¥3.24bn | CN¥1.66bn | −CN¥551.5m | −CN¥844.4m |
| Dividends paid | −CN¥6.0m | −CN¥6.0m | −CN¥5.7m | −CN¥5.2m | −CN¥5.7m | −CN¥27.3m | −CN¥70.4m | −CN¥90.1m | −CN¥96.0m | −CN¥1.83bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.52bn | CN¥2.48bn | CN¥2.36bn | CN¥2.28bn | CN¥2.13bn | CN¥2.12bn | CN¥2.74bn | CN¥3.32bn |
| Gross profit | CN¥309.1m | CN¥259.1m | CN¥347.7m | CN¥243.3m | −CN¥14.3m | CN¥78.6m | CN¥226.9m | CN¥242.3m |
| Operating income | CN¥199.6m | CN¥106.3m | CN¥142.1m | CN¥9.6m | −CN¥146.4m | −CN¥94.7m | CN¥123.9m | CN¥53.7m |
| Net income | CN¥149.5m | CN¥71.9m | CN¥55.3m | CN¥50.6m | −CN¥101.3m | −CN¥98.0m | CN¥102.0m | CN¥45.9m |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | 0.01 | -0.01 | -0.01 | 0.01 | 0.00 |
| Cash from operations | — | — | — | CN¥399.0m | CN¥41.0m | −CN¥43.0m | CN¥4.0m | CN¥278.0m |
| Capital spending | −CN¥5.0m | −CN¥10.0m | −CN¥82.0m | −CN¥67.0m | −CN¥37.0m | −CN¥40.0m | −CN¥84.0m | −CN¥243.0m |
| Free cash flow | — | — | — | CN¥332.0m | CN¥4.0m | −CN¥83.0m | −CN¥80.0m | CN¥35.0m |
| Total assets | CN¥14.89bn | CN¥14.70bn | CN¥14.51bn | CN¥14.74bn | CN¥14.73bn | CN¥15.02bn | CN¥14.84bn | CN¥15.22bn |
| Cash and short-term investments | — | — | — | CN¥1.31bn | CN¥4.27bn | CN¥1.30bn | CN¥4.43bn | CN¥1.49bn |
| Debt | CN¥132.2m | CN¥142.7m | CN¥142.7m | CN¥202.4m | CN¥214.6m | CN¥148.6m | CN¥126.1m | CN¥66.0m |
| Shareholders' equity | CN¥12.55bn | CN¥12.36bn | CN¥12.28bn | CN¥12.28bn | CN¥12.31bn | CN¥12.39bn | CN¥12.47bn | CN¥12.37bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.6% | 7.2% | 14.1% | 15.6% | 19.4% | 12.4% |
| Operating margin | 1.9% | 2.7% | 8.4% | 9.7% | 12.3% | 5.5% |
| Net margin | -1.0% | 2.2% | 7.4% | 8.9% | 9.4% | 3.6% |
| Return on equity | -0.8% | 2.3% | 8.7% | 15.3% | 17.6% | 3.5% |
| Return on assets | -0.6% | 1.9% | 6.9% | 11.3% | 13.0% | 2.9% |
| Free cash flow yield | 2.5% | 4.3% | 2.7% | 8.4% | 7.2% | 3.2% |
| Revenue growth | -32.7% | -8.1% | -4.7% | 7.3% | 33.4% | -19.9% |
| Earnings growth | -132.7% | -73.0% | -21.3% | 1.2% | 248.6% | -73.2% |
| Current ratio | 4.12x | 4.09x | 3.01x | 1.84x | 1.34x | 3.71x |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 84.6% | 84.0% | 79.1% | 73.7% | 73.7% | 83.0% |
| Interest coverage | 24.81x | 40.71x | 144.28x | 145.26x | 73.61x | 20.20x |
| R&D as a share of sales | 3.2% | 3.4% | 3.9% | 3.8% | 4.8% | 3.9% |
| Buybacks as a share of market value | 0.4% | -0.1% | -8.2% | 0.2% | -0.3% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.2% | -3.3% | -2.5% |
| Operating income | -51.5% | -22.0% | — |
| Net income | — | — | -27.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.7% | 12.7% | 13.9% | 15.2% |
| Operating margin | 2.4% | 6.2% | 7.2% | 5.4% |
| Net margin | 0.9% | 5.0% | 5.6% | 1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -307.4 | 93.8 | 28.8 | 30.2 | 25.2 | 48.8 | 17.6 | 8.3 | 30.6 | -3.4 |
| Price to sales | 3.2 | 2.0 | 2.1 | 2.7 | 2.4 | 1.8 | 1.9 | 1.7 | 2.8 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 2014.
| FY2014 | FY2011 | FY2009 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.08 | 0.08 | 0.056 | 0.056 | 0.057 | 0.057 | 0.046 |
- 3-for-2 split · 6 Jul 2012
- 6-for-5 split · 25 Jun 2007
- 3-for-2 split · 24 Apr 2006
- 13-for-10 split · 7 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.