Anada net profit increased by 133% titanium dioxide and iron phosphate increased

Anada released its annual report for the first half of the year, with operating income of 910 million yuan in the first half, an increase of 88.11% over the same period last year. Net profit belonging to shareholders of listed companies was 86 million yuan, an increase of 132.99% over the same period last year.

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 sale of iron phosphate products, and its main products are iron phosphate series products.

During the reporting period, the sales revenue and cost of titanium dioxide increased by 85.97% and 82.50% respectively over the same period last year, mainly because the market demand for titanium dioxide continued to improve, and the sales price and sales volume increased significantly compared with the same period last year.

During the reporting period, the sales revenue and cost of iron phosphate increased by 109.70% and 107.95% respectively over the same period last year. The first phase of the 50,000 t / a battery project of the holding subsidiary was completed and put into production in March this year, and the device capacity increased. The new energy battery industry continued to boom, and the production and sales of iron phosphate increased significantly compared with the same period last 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; with cost control as the core, optimize the production process, improve the level of fine management, strengthen technological innovation, promote product research 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. The iron phosphate market continues to be booming, and the products are in short supply. The company actively plans the industrial layout and increases the investment in the new energy industry. The first phase of the 50,000 tons / year iron phosphate expansion project has been completed and put into production. The output, sales, operating income and profits of iron phosphate have all increased significantly compared with the same period last year. The company's main business income comes from the sales of titanium dioxide and iron phosphate, among which: the sales income of rutile titanium dioxide accounts for 84.33% of the main business income, and the sales income of anatase titanium dioxide accounts for 1.54% of the main business income. the sales income of iron phosphate accounts for 14.13% of the main business income.