The first half net profit of Baoti increased 28.64% compared with the same period last year.

SMM News: recently, Baoti shares disclosed semi-annual report that the company achieved operating income of 2.037 billion yuan in the first half of 2020, an increase of 3.67% over the same period last year; the net profit belonging to shareholders of listed companies was 142 million yuan, an increase of 28.64% over the same period last year. The income per share is 0.3304 yuan.

Bao Ti Co., Ltd. is mainly engaged in the production, processing and sales of titanium and titanium alloys, and is the largest production and scientific research base of titanium and titanium alloys in China. 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.

Titanium materials in the company's products are mainly used in the following areas:

1. Aviation, aerospace and shipping: mainly used as cabin frame of spaceship, rocket engine shell, combustion chamber, butt joint, engine boom of liquid fuel engine in aerospace, engine blade, protective plate, rib, wing, landing gear, etc., hydrofoil and walker on warship.

2. In petroleum and chemical industry, it is mainly used as condenser and air cooling heat exchanger in oil refining, cooling tube and titanium anode in chlor-alkali industry, main structural components of electrolytic cell equipment in electrolytic cell industry and electroplating industry, etc.

3. Metallurgical industry: pipes, pumps, valves and heating plates mainly used for hydrometallurgical production of precious metals;

4. Other aspects: such as pipes and evaporators in seawater desalination industry, medical instruments in medical field, orthopedic materials (such as inner heart valve, inner heart valve diaphragm, bone joint, etc.), golf head, club, etc.

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