PGVT: Expected net profit in 2024 to decline by 71.64%–75.42% year-on-year

PGVT announced that it expects the net profit attributable to shareholders of the listed company for 2024 to be between 260 million and 300 million yuan, a decrease of 71.64% to 75.42% compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between 230 million and 270 million yuan, a decrease of 74.22% to 78.04% compared to the same period last year. The basic earnings per share are expected to be between 0.028 yuan/share and 0.0323 yuan/share. The main reason for the expected decline in performance is the year-on-year decrease in the price of vanadium products during the reporting period