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The first quarter examination of titanium dioxide industry: the net profit of this enterprise soared by 200%

the first quarter examination of titanium dioxide industry: the net profit of this enterprise soared by 200%

May 7, 2020

recently, the first quarter financial statements of domestic titanium dioxide listed enterprises have been disclosed one after another. What is the result of the first "collective examination" in 2020? The answer is that the overall performance is better than expected, but the performance of each family is different. Under the impact of the COVID-19, there is a situation of "several families are happy and several families are worried"

1

longmang Baili's first quarter revenue was 3.69 billion yuan, an increase of 32.84%

on April 24, longmang Baili released its 2020 first quarter report, which showed that the company achieved an operating revenue of 3.69 billion yuan during the period, a year-on-year increase of 32.84%; The net profit was 901million yuan, a year-on-year increase of 44.68%. Basic earnings per share (yuan/share) 0.44 our steel spot network is a typical representative of the distribution and processing mode of intermediate traders in the cluster, which was 0.32 yuan in the same period last year. The size of the loaded indenter and base longmang Baili said that the increase in operating revenue during the period was mainly due to the increase in the sales of titanium dioxide and titanium slag products in the current period

2

CNNC titanium white's revenue in the first quarter was 827 million yuan, with a small increase

on April 24, CNNC titanium white announced its first quarter performance report for 2020. The company achieved an operating revenue of 827 million yuan in the first quarter of 2020, with a year-on-year increase of 1.02%; The net profit was 162 million yuan, an increase of 50.12% year-on-year, excluding the possibility of tightening the foundation screws or strengthening the foundation; The basic earnings per share was 0.1 yuan/share, with a year-on-year increase of 42.86%. The relevant person in charge of the company said that in March 2, 2020, with an automatic guidance system, the company achieved sales of more than 30000 tons, hitting the best level in history

3

anada's revenue fell in the first quarter, but its net profit soared by 206.84%

in addition to the two leading enterprises, anada also recently released its first quarter financial report. The report shows that in the first quarter of 2020, anada achieved a revenue of 257million yuan, a year-on-year decrease of 7.79%; The net profit was 23.7644 million yuan, an increase of 206.84% year-on-year; Earnings per share is 0.11 yuan

anada said that the operating profit increased by 208.50% over the same period last year, mainly due to the combined effects of the year-on-year decline in the sales price of titanium dioxide, the year-on-year decline in the purchase price of sulfuric acid, the main raw material, and the year-on-year increase in government subsidies

4

the revenue and net profit of Jinpu titanium industry in the first quarter both fell

however, some people were happy and others were excellent. "Chinese and foreign coatings weekly" noted that the revenue and net profit of Jinpu titanium industry in the first quarter of 2020 showed a downward trend. The company achieved a total operating income of 390million in the first quarter of 2020, a year-on-year decrease of 23.6%; The net profit attributable to the parent company was 2.518 million, a year-on-year decrease of 89.9%, an increase over the same period last year. During the reporting period, the gross profit margin of the company was 14.5%, a year-on-year decrease of 3.0 percentage points, and the net profit margin was 0.6%, a year-on-year decrease of 4.2 percentage points

in this regard, Jinpu titanium said that the decline in performance was mainly due to the decline in the production and sales of titanium dioxide, its main product, during the reporting period

according to China foreign paint weekly, due to the comprehensive impact of the epidemic and the Spring Festival holiday, the effective output of titanium dioxide enterprises in the first quarter of 2020 was lower than that in the same period last year. However, with the release of new production capacity and the production of new production capacity, it is expected that the output of titanium dioxide will increase by nearly 300000 tons in 2020, resulting in great market competition pressure