The net profit of Baoji titanium industry has nearly doubled and the titanium industry has improved.

Recently, Baoji titanium industry released a semi-annual results report, the first half of the operating income of 2.84 billion yuan, an increase of 39.41% over the same period last year. The net profit belonging to shareholders of listed companies was 278 million yuan, an increase of 95.56% over the same period last year.

It is understood that the company is mainly engaged in titanium and titanium alloy production, processing and sales, is China's largest titanium and titanium alloy production, scientific research base. The company has international advanced and perfect titanium production system, the main products are various specifications of titanium and titanium alloy plates, strips, foils, tubes, rods, lines, forgings, castings and other processing materials and various metal composite products.

Baoji Titanium Industry said that in the first half of 2021, the company actively grasped the important opportunity of market demand growth in the titanium industry, closely centering on the "three markets", focusing on improving the "three capabilities", innovating the layout of industrial structure, and improving operation quality and efficiency. The proportion of revenue from products with strong profitability such as aerospace has increased, the product structure has been further optimized, and various production and management indicators have been steadily improved. In the first half of the year, the company realized operating income of 2.84 billion yuan and net profit of 278 million yuan belonging to shareholders of listed companies, an increase of 39.41% and 95.56% respectively over the same period last year.

The industry the company is in is the titanium industry, which plays an important role in the development of the national economy, is of strategic significance to the development of national defense, economy and science and technology, and is an important raw material industry to support the progress of cutting-edge science and technology. it is also a basic industry for national economic development and industrial upgrading. China attaches great importance to the development of the titanium industry, which is supported by the state and local governments at all levels. Shaanxi Province lists it as an economic pillar industry. The good policy environment has formed a strong support for the long-term development of the titanium industry and the company.

In the first half of 2021, the export market demand of the titanium industry slowly recovered, the overall market of the domestic titanium industry improved, the market for medium and low-end products benefited from the recovery of the chemical industry, and the demand for high-end products increased significantly compared with the same period last year. The high-end product market benefits from the impact of upgrading and localization in aerospace and other fields, and the demand is exuberant. In the second half of the year, the domestic market of the titanium industry will still maintain a steady and good development trend, but under the background that the current economic situation is still complex, uncertain and unstable factors still exist, at the same time, the production capacity of high-end products in the titanium industry market is insufficient, the competition between middle and low-end products is fierce, the contradiction between product assimilation and homogenization is still obvious, and the structure of supply and demand needs to be further improved.

With the strategic adjustment of the national economic structure and industrial transformation and upgrading, relying on the national 14th five-year Plan and the outline of the long-term goal of 2035, in the future, the titanium industry still has great market development opportunities in aviation, aerospace, large aircraft, ships, petrochemical, information technology, high-end equipment manufacturing, new energy, new materials, domestic titanium, deep sea and other industries. According to the deployment and arrangement of the company's product transformation and upgrading, efforts will be made to enhance the application proportion of the company's titanium materials in aviation, aerospace, warships, weapons, deep sea and other fields, further optimize the product structure adjustment, and speed up the construction of fund-raising projects. improve the market share of high-end titanium.