Anada's net profit increased by 133%. The market demand for titanium dioxide continues to improve.

Anada disclosed its semi-annual report for 2021. During the reporting period, the company realized operating income of 910 million yuan, an increase of 88.11% over the same period last year. Net profit belonging to shareholders of listed companies was 86.0615 million yuan, up 133% over the same period last year. Net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 86.3949 million yuan, an increase of 182.31% over the same period last year; and basic earnings per share were 0.4002 yuan.

It is reported that the company is mainly engaged in the production and sales of titanium dioxide products, the main products are titanium dioxide series products. Tongling Nayuan, a subsidiary of the company, is engaged in the production and sales of iron phosphate products, the main products are iron phosphate series products.

In response to the great increase in performance in the first half of the year, Anada said that during the reporting period, the market demand for titanium dioxide continued to improve, and product prices rose significantly compared with the same period last year; the company seized the market opportunity to actively adjust marketing strategies and strive to broaden marketing channels; take cost control as the core, optimize the production process, improve the level of fine management, strengthen technological innovation, promote product R & D and innovation, and enhance the company's development support. To overcome the adverse effects such as the rise in the price of raw and auxiliary materials, and strive to increase the load of the plant, the production and sales of titanium dioxide increased greatly compared with the same period last year.

During the reporting period, the iron phosphate market continued to be booming, and the products were in short supply. The company actively planned the industrial layout and increased investment in the new energy industry. The first phase of the 50,000 tons / year iron phosphate expansion project was completed and put into production. The output, sales, operating income and profits of iron phosphate all increased significantly compared with the same period last year.

During the reporting period, the company's main business income came from the sales of titanium dioxide and ferric phosphate, among which: rutile titanium dioxide sales accounted for 84.33% of the main business income, anatase titanium dioxide sales accounted for 1.54% of the main business income, and iron phosphate sales accounted for 14.13% of the main business income.

In addition, Anada said that in view of the future development prospects of the lithium iron phosphate market and the comprehensive comparative advantages of Tongling Nayuan, a holding subsidiary, in terms of technology and cost, in order to further enhance economies of scale and profitability, the third meeting of the company's sixth board of directors and the first interim shareholders' meeting in 2020 examined and approved the "motion on additional investment in the holding subsidiary and expansion of the 50kt/a battery-grade iron phosphate project." The original shareholders of Tongling Nayuan agreed to invest an additional 77 million yuan in the same proportion, and the additional capital will be used for the construction of 50kt/a battery-grade iron phosphate project. By the end of the reporting period, the first phase of the iron phosphate expansion project has been completed and put into production.