Sichuan Province-based Chinese steelmaker Pangang Group Steel Vanadium & Titanium Co. (Pangang Vanadium & Titanium) has announced that in the first quarter of the current year it registered an operating revenue of RMB 4.063 billion ($0.61 billion), rising by 27.52 percent year on year, and a net profit of RMB 753 million ($112.2 million), up 61.07 percent year on year.