Both volume and price rise! Titanium dioxide giant has a net profit of 1 billion!

Recently, China Nuclear Titanium Dioxide (or "the company") released its first three quarters of 2021 performance report, stating that in the first three quarters of 2021, the company achieved operating income of 3.985 billion yuan, a year-on-year increase of 46.77%; net profit attributable to shareholders of listed companies was 10.02 Billion yuan, an increase of 181.37% year-on-year, and earnings per share were 0.4878 yuan. Among them, in the third quarter of 2021, the company achieved operating income of 1.375 billion yuan, a year-on-year increase of 27.63%; net profit attributable to shareholders of listed companies was 345 million yuan, a year-on-year increase of 211.16%.

Regarding the reasons for the substantial increase in performance in the first three quarters, China Nuclear Titanium Dioxide stated that during the reporting period, the market for the company's main product rutile titanium dioxide was in a strong business cycle, and the supply of products exceeded demand, and the sales price increased significantly year-on-year. At the same time, during the reporting period, the management of the company faced the volatile upstream and downstream market environment of titanium dioxide, and strictly controlled costs by locking in low-priced bulk raw materials; adjusting marketing strategies in real time according to market conditions; actively investigating the market and related policy guidance and other influencing factors , Analyze and understand the market situation in a timely manner, timely adjust product prices and sales policies, and enrich product varieties to better meet market demand. In addition, the company further strengthened internal management, improved operating efficiency, and brought performance growth.

According to data, China Nuclear Titanium Dioxide was established in 1989. It is a well-known titanium dioxide manufacturer in China. It is mainly engaged in the R&D, production and sales of rutile titanium dioxide and iron oxide pigments. It is the first to introduce a full set of rutile titanium dioxide production technology from abroad. Business. At present, it has three production bases in Jiayuguan, Gansu, Baiyin in Gansu, and Maanshan in Anhui. The annual production capacity of high-grade rutile titanium dioxide has reached more than 400,000 tons. Currently, it ranks second in the domestic titanium dioxide industry in terms of titanium dioxide production capacity.