Huiyun Titanium Industry: net profit of 197 million yuan in 2021 increased by 121% over the same period last year

According to the annual report released by Huiyun Titanium Industry for 2021, the company achieved operating income of 1.553 billion yuan in 2021, an increase of 62.63% over the same period last year. The net profit belonging to shareholders of listed companies was 197 million yuan, up 121% from the same period last year; the deduction of non-net profit belonging to shareholders of listed companies was 204 million yuan, up 135.52% from the same period last year; and basic earnings per share were 0.49 yuan, compared with 0.27 yuan in 2020.

During the reporting period, the company has an annual production capacity of 50,000 tons of rutile titanium dioxide, 30,000 tons of anatase titanium dioxide and the capacity of the first phase of the "80,000 tons / year plastic rutile titanium dioxide post-treatment reconstruction and expansion project" 30,000 tons / year.

In 2021, the international and domestic situation is complex and changeable, the company actively respond, take corresponding measures to achieve the annual target. For the whole year, the company achieved an output of 82300 tons of titanium dioxide, an increase of 18.75 percent over the previous year, and sales of 81200 tons.

The main reasons for the performance growth are as follows:

1. With the formal 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 30,000 tons), the company adjusted the original anatase production line from a single production of anatase titanium dioxide to the production of primary titanium dioxide and part of anatase titanium dioxide, and purchased some of the primary titanium dioxide. The initial product of titanium dioxide is provided for the first phase of the "80,000 tons / year plastic rutile titanium dioxide post-treatment reconstruction and expansion project", the product structure is adjusted, and the output and added value of the products are increased.

2. The "Technical Transformation Project for the production of Titanium liquid concentration" in the company's fund-raising project "Circular economy Project" has been put into use to save energy and reduce consumption. With the construction and use of other sub-projects of the fund-raising project "Circular economy Project", the company will gradually show the effect of energy saving, consumption and carbon reduction, which will effectively improve the economic benefits of the company.

3. The company will further strengthen the research and development and application of new technologies, and continue to promote the healthy development of the company. The technical transformation and equipment renewal of some processes of the company have been carried out to improve the production efficiency, improve the production environment, ensure the safety and clean production, reduce the production cost and improve the economic benefit.

4. The company strengthens the research and development of titanium dioxide products and market development, adjusts the product structure of titanium dioxide, and improves the market competitiveness.