Vanadium and titanium of Panzhihua Iron and Steel Company: the output of vanadium products is about 6000 tons in the first quarter.

Recently, vanadium and titanium of Panzhihua Iron and Steel Co., Ltd. said at the performance presentation that the company expects to produce about 6000 tons of vanadium products in the first quarter. Vanadium as an important alloy element, more than 90% of the domestic vanadium output is used in the iron and steel industry.

At present, the company's main business includes vanadium, titanium and electricity, of which vanadium and titanium plate is the strategic focus of the company's business development, and the company has been committed to expanding its own vanadium and titanium industry. The company will continue to focus on the development strategy of vanadium and titanium, go all out to grasp the policy opportunities and market opportunities, and strive to expand and strengthen the vanadium and titanium industry.

Under the background of the new development pattern that the international epidemic situation has been effectively controlled, the domestic and international double cycles promote each other, the state vigorously advocates carbon peak, carbon neutralization related policies and the continuous improvement of the quality of the iron and steel industry, it is expected that the market demand for vanadium products will increase to a certain extent, and the market trend will continue to improve.

The company's inventory turnover is good, and the production and sales rate of each product is more than 100%. The number of days of inventory turnover of the company in 2020 is 32 days.

With regard to the strategic purpose of the exchange of shares between the company and Yingkou Port, Mr. Yan Hong, an independent director, said that the change of equity was a transaction between the company's controlling shareholder, Panzhihua Iron and Steel Group Co., Ltd. and Yingkou Port Group Co., Ltd., this transfer will not affect the daily operation and management of the company.