Huiyun Titanium Industry raised the Price of Titanium dioxide and increased its net profit by 132% in the first half of the year

On August 11, Huiyun Titanium Industry announced an increase in the price of its titanium dioxide products.

Huiyun Titanium Industry said that according to the recent market situation and the actual situation, the Price Committee of Guangdong Huiyun Titanium Industry Co., Ltd. decided to raise the company's titanium dioxide sales price on the basis of the existing titanium dioxide sales price from now on. Among them: the sales price of domestic customers has increased by 1000 yuan / ton, and the export price of international customers has increased by US $200 / ton. The company will closely follow the price trend of titanium dioxide and the changes of supply and demand, and do a good job of price adjustment of titanium dioxide products in time. The increase in the sales price of the company's main products will help to further enhance the company's sustainable profitability, help to improve the company's market position and influence, and is expected to have a positive impact on the company's operating results.

It is reported that in addition to Huiyun titanium industry, Longbai Group also issued a price increase notice yesterday, raising the price of its titanium dioxide products.

On the same day, Huiyun Titanium Industry also released its semi-annual report. According to the semi-annual report, in the first half of 2021, Huiyun Titanium achieved operating income of 724 million yuan, an increase of 70.65 percent over the same period last year; net profit belonging to shareholders of listed companies was 108 million yuan, an increase of 132.38 percent over the same period last year; and basic earnings per share was 0.27 yuan.

Huiyun Titanium Industry said that with the trial production of the first phase of the company's "80,000 tons / year plastic rutile titanium dioxide post-treatment reconstruction and expansion project" (with a post-treatment capacity of about 30,000 tons), the company adjusted the original anatase production line from a single production of anatase titanium dioxide to the production of rutile titanium dioxide and part of anatase titanium dioxide, and purchased some of the first rutile titanium dioxide. The first product of rutile titanium dioxide is provided for the first phase of the 80,000 tons / year plastic rutile titanium dioxide post-treatment reconstruction and expansion project, which adjusts the product structure and increases the output and added value of the products.

It is understood that Huiyun titanium industry is a modern fine chemical high-tech enterprise with independent research and development and innovation ability, mainly engaged in the research and development, production and sales of titanium dioxide products, the main products are rutile titanium dioxide, anatase titanium dioxide series products. The subsidiary is equipped with pyrite and sulfur sulphuric acid production lines, whose main products are sulfuric acid, steam and iron concentrate.

With the rising price of titanium dioxide and the company's efforts to strengthen the research and development of plastic-grade rutile titanium dioxide products and market development, the product structure of rutile titanium dioxide has been adjusted and the market competitiveness has been improved. Huiyun titanium industry will continue to maintain its strong competitiveness and achieve further improvement in performance.