The net profit of Lubei Chemical Industry increased by 88.35%. The increase in the sales price of titanium dioxide, raw salt and other products contributed to the performance compared with the same period last year.

Lubei Chemical announced its third-quarter results on the evening of October 28th, saying that the company achieved operating income of about 1.084 billion yuan in the third quarter, an increase of 21.96 percent over the same period last year. The net profit attributed to shareholders of listed companies was about 132 million yuan, an increase of 88.35% over the same period last year. Basic earnings per share reached 0.25 yuan, an increase of 89.99 percent over the same period last year. Lubei Chemical said that the increase in operating income was mainly due to the increase in the sales price of Jiawan chloride, titanium dioxide, raw salt and other products compared with the same period last year.

It is understood that the company's main business includes titanium dioxide business, Jiawan chloride business, chemical fertilizer business, cement business, salt business. The products are widely used in construction, chemical industry, agriculture, medical treatment, production, life and other fields. At present, Lubei Chemical has developed into a listed company with a production scale of 100000 tons of titanium dioxide, 300000 tons of Jiawan chloride, 300000 tons of ammonium phosphate, 400000 tons of sulfuric acid, 600000 tons of cement, 2500 tons of Bromine, 1 million tons of raw salt and 1 million tons of compound fertilizer.