The revenue of Dinglong culture has declined and the titanium ore business has not yet formed a large revenue scale.

Dinglong Culture released its semi-annual results report. During the reporting period, the company realized operating income of 225.9465 million yuan, down 16.59% from the same period last year, and realized a net profit of 507000 yuan belonging to shareholders of listed companies, down 98.10% from the same period last year. The decline in the company's operating income compared with the same period last year is mainly due to the decrease in commodity trading business in the current period and the fact that the titanium ore business has not yet formed a larger scale of revenue, and the decline in the company's net profit compared with the same period last year is mainly due to the decline in the gross profit margin of the game business in the current period and the absence of large provisions for bad debts in the film and television business.

Relying on rich titanium placer resources and professional technology, the company is engaged in the mining, washing and sales of titanium placer through the holding subsidiary of China Titanium Science and Technology, and its main products are titanium concentrates. it can be used as a high-quality raw material for the production of titanium dioxide, titanium metal and other titanium products. By the end of the reporting period, China Titanium Technology had a total of three ilmenite mining rights and two exploration rights pending extension and exploration and conversion within the effective period, with a total of 11.4758 million tons of ilmenite resource reserves (record reserves) under control.

During the reporting period, adhering to the development principle of "taking titanium ore business as the core business and games, film and television business as a useful supplement", the company steadily carried out all kinds of work, and the first ilmenite production line was put into production. other ilmenite production lines are also continuing to promote the construction and license approval work, laying a good foundation for the continuous operation of the company's future ilmenite business. China Titanium Science and Technology continues to carry out the construction of ilmenite production line, the application of license documents and other work, and through the sales of titanium concentrate to contribute to the company's production and operating profits. Among them, the first ilmenite production line with an annual output of 72000 tons of titanium concentrate has been completed and put into production in June 2021, and the rest of the mines that have obtained mining rights are continuing to promote the construction of the production line and apply for the necessary permission documents before construction; during the reporting period, the company is also paying close attention to the delineation and publicity of the ecological protection red line and actively preparing two procedures for the extension of exploration rights and the conversion of exploration rights to mining rights.