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Sichuan Anning Iron and Titanium Co

25.05-21.7%1Y · CNY

Sichuan Anning Iron and Titanium Co., Ltd. is engaged in the mining, washing, and sale of mechanical titanium magnetite in China. It offers titanium concentrate and related utilization products for applications including aviation, energy, biomedicine, petrochemicals, shipbuilding, consumer goods, marine engineering, construction, and outdoor sports products. The company also provides vanadium-titanium iron concentrate for the steel industry and energy storage applications. Founded in 1994, it is headquartered in Panzhihua, China.

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Multiple listed companies released positive announcements on the evening of September 29; Wangsu Science & Technology plans to invest 300 million yuan in Sand.ai

A number of listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements on the evening of September 29. Wangsu Science & Technology plans to use 300 million yuan of its own funds, equivalent to 44.4517 million US dollars, to subscribe for 2.1054 million Series A+ preferred shares at 21.1137 US dollars per share in the video generation model company Sandai Cayman, and will hold a 4.3963 percent equity stake after the transaction is completed. The full industry chain project for producing 60,000 tonnes of energy-grade titanium and titanium alloy materials per year, invested and built by Anning Iron & Titanium, has produced its first furnace of titanium sponge, with a single furnace output of about 13 tonnes, and the project has entered the trial production stage. BOMESC's wholly-owned subsidiary Tianjin BOMESC signed a contract with Single Buoy Moorings Inc. for the construction of FPSO topside modules, with a contract value of approximately 1.6 billion to 2.1 billion yuan, scheduled for completion in the second half of 2028. The controlling shareholder of Dongyangguang, Shenzhen Dongyangguang Industrial, proposed that the company repurchase shares through centralized competitive trading, with a capital scale of no less than 600 million yuan and no more than 1.2 billion yuan. Huazhijie plans to acquire 83.5052 percent equity in Geliming through the issuance of shares and payment of cash, and to raise supporting funds, and its shares will resume trading when the market opens on September 30. Jianyan Institute's shares will be suspended from trading when the market opens on September 30 because related parties are planning major matters involving the company, and the suspension is expected to last no more than two trading days.
002978.CS · Supply · Positive Its 60,000-tonne titanium/titanium alloy project produced its first titanium sponge furnace and entered trial production.
300017.CS · Capital · Positive Wangsu plans to invest 300 million yuan for a 4.3963% stake in video-generation model company Sandai Cayman.
603400.CG · Capital · Positive Huazhijie plans to acquire 83.5052% of Geliming via share issuance and cash, and will resume trading Sept 30.
SBMO.AS · Demand · Positive BOMESC's subsidiary signed an FPSO topside module construction contract with Single Buoy Moorings Inc., a SBM Offshore entity.
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Anning Co., Ltd. interim net profit 341 million yuan, down 22.73% year-on-year

Anning Co., Ltd. released its 2026 interim report, with total operating revenue of 1.015 billion yuan, down 8.37% year-on-year; net profit attributable to the parent company was 341 million yuan, down 22.73% year-on-year. Net cash inflow from operating activities was 311 million yuan, down 37.10% year-on-year. The company's asset-liability ratio was 48.10%, gross margin was 60.92%, ROE was 3.80%, and diluted earnings per share was 0.72 yuan. The number of shareholders was 25,600, and the shareholding ratio of the top ten shareholders was 75.16%.
002978.CS · Capital · Negative Interim net profit down 22.73% year-on-year, revenue down 8.37%, operating cash flow down 37.10%
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Anning Shares 2026 Interim Report: Titanium Price Decline Drags Revenue and Net Profit Lower

Anning Shares released its 2026 interim report. Affected by falling market prices for titanium concentrate and fluctuating downstream demand, the company's revenue and net profit both declined. During the reporting period, the company achieved operating revenue of 1.015 billion yuan, down 8.37 percent year on year. Net profit attributable to the parent company was 341 million yuan, down 22.73 percent. Non-GAAP net profit was 338 million yuan, down 23.78 percent. Net cash flow from operating activities was 311 million yuan, down 37.10 percent. In terms of business structure, revenue from vanadium-titanium iron concentrate was 539 million yuan, up 8.11 percent year on year, with its share of total revenue rising to 53.16 percent and gross margin up 7.81 percentage points to 58.83 percent. Revenue from titanium concentrate was 418 million yuan, down 21.65 percent year on year, with gross margin down 5.77 percentage points to 65.08 percent. The company's unique 61 percent grade vanadium-titanium iron concentrate maintained a price above 700 yuan per tonne, showing relatively strong resistance to declines. Administrative expenses rose sharply by 56.13 percent year on year to 90.38 million yuan, while finance expenses turned from negative to positive, increasing by 52.38 million yuan. The company's annual production capacity of 60,000 tonnes of energy-grade titanium and titanium alloy materials full industry chain project has reached 95 percent progress and is expected to enter trial production in the second half of 2026. The commissioning of this project and the price trend of titanium concentrate will be core indicators to watch for future profitability.
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002978.CS · Capital · Negative Interim report shows revenue and net profit declined due to falling titanium concentrate prices and fluctuating demand.
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