Pangang Group Co., Ltd. (Pangang for short) is a wholly-owned subsidiary of Anshan Iron and Steel Group Co., Ltd., which was originally a central enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council. Over the past 40 years, Panzhihua Iron and Steel Co., Ltd. has developed into a cross-regional and cross-industry modern iron and steel vanadium-titanium enterprise group relying on the abundant vanadium-titanium magnetite resources and independent innovation to promote the leap-forward development of iron and steel vanadium-titanium industry. Through the construction of phase I and II projects and the technical transformation and capital operation in recent years, Panzhihua Iron and Steel Co. The main owners of vanadium and titanium in iron and steel are mainly located in Panzhihua City, Sichuan Province, Qingbaijiang District, Chengdu City, Jiangyou City, Mianyang City, Chongqing City and Beihai City, Guangxi Autonomous Region. Operational assets have been listed as a whole.