The net profit of Jinpu titanium industry increased by 135%-150% titanium dioxide both in volume and price.

Jinpu Titanium Industry announced its performance forecast for 2021. During the reporting period, the net profit belonging to shareholders of listed companies was 87.5782 million yuan to 125.1117 million yuan, an increase of 135% to 150% over the same period last year, and net profit after deducting non-recurring profits and losses was 78.5934 million yuan to 104.7913 million yuan, an increase of 130% to 140% over the same period last year.

Jinpu Titanium Industry said that during the reporting period, the market for titanium dioxide, the company's main product, was in a business cycle, and the sales price of the product increased greatly over the same period last year. The management of the company firmly grasped the upward opportunity of the industry cycle and adjusted its marketing strategy in real time according to the market situation. At the same time, it further strengthened internal management, strictly controlled the cost of bulk raw materials, effectively enhanced the operation and management capacity, further released the existing production capacity, and the output reached new highs. The volume and price of titanium dioxide have risen, which has brought about an increase in performance.

Nanjing Jinpu Dongyu Investment Co., Ltd. (hereinafter referred to as "Dongyu Investment"), a wholly-owned subsidiary of Nanjing Titanium dioxide Chemical Co., Ltd. (hereinafter referred to as "Dongyu Investment"), filed a civil lawsuit in Beijing No. 1 Intermediate people's Court on August 31, 2020 with Sinochem Agrochemical Co., Ltd. (hereinafter referred to as "Zhongnong Chemical Co., Ltd."). On March 15, 2021, Dongyu Investment applied in writing to Beijing No. 1 Intermediate people's Court to change the litigation request, changing the "judgment to rescind the property right transaction contract" signed between Dongyu Investment and Zhongnonghua. It was changed to "judgment cancels the" property rights transaction contract "signed between Dongyu Investment and Zhongnonghua, and ordered Zhongnonghua to return 1261005946.76 yuan of equity transfer money and compensate for interest losses. On November 16, 2021, Dongyu Investment submitted an application for withdrawal to the Beijing No. 1 Intermediate people's Court. Beijing No. 1 Intermediate people's Court issued a civil order on November 24th, 2021 (2020), allowed Dongyu Investment to withdraw its lawsuit.

The company has estimated the investment loss of 240 million yuan in 2019 and 2020. based on the current progress of the matter, after careful consideration, the company intends to set aside the investment loss of 80 million yuan in 2019,2021.