2024 Financial Surge with 38.98% Revenue Growth at China Nuclear Titanium Dioxide

On March 11, China Nuclear Titanium Dioxide released its annual report for 2024, revealing impressive financial results. The company reported a revenue of 6.875 billion yuan, reflecting a 38.98% increase compared to the previous year. The net profit attributable to shareholders reached 565 million yuan, marking a 34.84% growth, while the net profit excluding non-recurring gains stood at 437 million yuan, up 35.67%.

As of the end of the reporting period, China Nuclear Titanium Dioxide's total assets amounted to 19.472 billion yuan, an increase of 5.05%, and the net assets attributable to shareholders rose to 1.2055 billion yuan, showing a 1.42% growth.

The growth in revenue was primarily driven by the sales of titanium dioxide, phosphate rock, yellow phosphorus, and iron phosphate, as well as logistics services. In 2024, the sales volume of titanium dioxide reached 428,400 tons, up 33.44%, generating revenues of 5.837 billion yuan. The phosphate rock sales totaled 498,200 tons, with 258,600 tons sold externally, contributing 206 million yuan in revenue. Yellow phosphorus sales reached 19,200 tons, resulting in 391 million yuan in revenue.

This strong performance highlights the company's ability to leverage its diverse business operations effectively.