[hot stocks] China Nuclear Titanium dioxide join hands with Ningde Times subsidiary to strengthen the layout of new energy industry chain

Recently, China Nuclear Titanium dioxide announced that it has signed an agreement with time Yongfu, a subsidiary of Ningde Times, to set up a joint venture to promote the investment, construction and operation of comprehensive intelligent new energy projects such as photovoltaic, wind power and energy storage. The registered capital of the China Nuclear era is 100 million yuan, of which 50 million yuan is subscribed for titanium dioxide, 50% of the registered capital of the zhan, and 50 million yuan is contributed by time Yongfu, and 50% of the registered capital of the zhan in the nuclear era.

In the announcement on the establishment of a joint venture company by the company's foreign investment, China Nuclear Titanium dioxide pointed out that this foreign investment will help to establish and deepen the cooperation between the company and the Ningde era in the field of new energy, give full play to and make full use of the leading advantages and resources of both sides in their respective fields, further optimize the company's green circular economy layout, and adjust the energy supply structure in the company's business development. In order to achieve the goal of "carbon peak and carbon neutralization" as soon as possible, enterprises should fulfill their responsibilities and obligations.

Since the beginning of this year, the titanium dioxide plate has been a hot spot in the stock market. With the continued strength of titanium dioxide prices, relevant industry chain enterprises have benefited one after another. China Nuclear Titanium dioxide previously released a quarterly report for 2021, showing that during the reporting period, operating income reached 1.236 billion yuan, year-on-year + 49.53%, month-on-month + 23.6%, net profit 287 million yuan, year-on-year + 77.29%, month-on-month + 141.2%. Pacific Securities pointed out that the company issued price adjustment announcements on January 11, February 9, March 3 and April 6 respectively, which also reflects the continued improvement of the prosperity of the industry. The company's performance continued to rise sharply on the basis of a high 20Q1 base, with single-quarter revenue and return net profit reaching record highs.

In addition, the company develops "endogenous growth, epitaxial mergers and acquisitions", and develops three major business sectors: resources, titanium chemical industry and new materials. Zhongtai Securities pointed out that vertical promotion "is the company's vertical extension of the finished product production line based on the existing crude titanium dioxide production capacity, that is, the project with an annual output of 300000 tons of finished titanium dioxide, and appropriately increase the crude production capacity through the project with an annual output of 200000 tons of crude titanium dioxide, so as to enhance the added value and profitability of the main product titanium dioxide. "horizontal circulation" is based on the by-products of titanium dioxide production process, such as waste sulfuric acid, ferrous sulfate, etc., to recycle the production of monoammonium phosphate and lithium iron phosphate, while reducing the production cost of titanium dioxide, cut into the fast-growing field of new energy vehicles and open up room for growth.

This time, China Nuclear Titanium dioxide will join hands with Ningde Times subsidiary to strengthen the layout of the new energy industry chain. China Galaxy Securities pointed out that since the Ningde era and Yongfu Co., Ltd. set up a joint venture in February this year to lay out photovoltaic and energy storage subsidiaries, the Ningde era has further strengthened the landscape storage field. This cooperation with China Nuclear Titanium dioxide will further deepen its layout in wind power, photovoltaic and other comprehensive smart energy. As the leader of titanium dioxide industry and the second largest producer of titanium dioxide in China, medium-core titanium dioxide mainly has the advantage of entering the photovoltaic industry. Lithium iron phosphate can be used as the cathode material of lithium battery, and the important raw material for producing lithium iron phosphate is iron phosphate. The downstream applications of lithium iron phosphate include energy storage and power batteries. As the global power battery leader, Ningde era will play a greater synergy effect with its original battery business by increasing its investment in the field of landscape storage.