SMM News: recently, Fan Gang Vanadium Titanium announced the first three quarters of 2019 results forecast. Fan Gang Vanadium and Titanium expects the net profit for the first three quarters of 2019 to be 139000-1.44 billion yuan, and the net profit attributable to shareholders of listed companies in the first three quarters of 2019 is expected to fall by 30% to 32% compared with the same period last year, and the net profit after deducting non-recurrent profit and loss is down by 30% to 32% compared with the same period last year. The net profit in the third quarter is expected to be 19000 ~ 240 million yuan. The above changes were mainly due to a certain decrease in the market prices of vanadium and titanium products during the reporting period compared with the same period last year, among which the market prices of vanadium products decreased significantly compared with the same period last year.
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