[SMM report] Tianyuan shares have continued to improve in the development of titanium dioxide and lithium electricity for five consecutive trading days.

Tianyuan shares opened half an hour today, that is, a word board trading limit, as of today's close, Tianyuan shares at 11.32 yuan. Tianyuan shares have risen by the daily limit for five consecutive trading days since Monday, up more than 4 yuan from last Friday.

On the evening of May 26, Tianyuan shares issued an announcement on the abnormal share price. After verification, the company found no significant undisclosed information recently reported by the public media that may or has had a greater impact on the company's stock trading price.

In addition, Tianyuan shares said that the recent Yunnan region due to the impact of dry water and insufficient supply of thermal coal to implement power restrictions, May 25, 2021, Tianyuan shares in Yunnan calcium carbide base-Daguan Tianda Chemical Co., Ltd. (referred to as: Daguan Tianda) and other three companies phased suspension of production, is expected to last about 2 weeks, the actual production suspension duration will depend on the power recovery. The company has taken a number of measures to actively reduce the impact of the power restriction of calcium carbide base on the load of the company's chlor-alkali production equipment. One is to make full use of the calcium carbide outsourcing unblocked channel, which has been maintained for a long time, and has increased the calcium carbide outsourcing volume. At present, it can ensure that the load of PVC production equipment is about 70%. Second, the company takes the initiative to adjust the production and operation to increase the output of other chlorine-consuming products such as chlorinated titanium dioxide, titanium tetrachloride and trichloroethyl, so as to ensure the full-load operation of the plant. Third, do a good job of Zhaotong City power restriction related information tracking and communication and coordination, and strive for calcium carbide base to restore production load as soon as possible. In addition, the products of the company's other major holding and shareholding companies, such as PVC-O and lithium ternary cathode materials, are operating at full load.

Recently, Oriental Securities, Guotai Junan, China International Capital Corporation, Northeast Securities and other institutions conducted research on Tianyuan shares.

Its research announcement pointed out that at present, the production and operation of the first phase of the company's chlorination titanium dioxide project is normal, the technical risk has been completely released, and the capacity utilization rate is at a high level in the same industry in China. At present, the construction of the second phase is also speeding up, and it is expected that the second phase of the project will be completed and put into operation in July 2021. The commissioning of the second phase of the project will certainly reduce the unit investment of the plant, increase the output scale of the plant, and at the same time develop more product varieties and brands for customers. Better meet the market demand, so that the company's titanium dioxide has always been in the forefront of the industry.

In order to meet the raw material needs of titanium dioxide production by chlorination process, the company has successfully realized the substitute processing production of high titanium slag through the commissioned processing mode, which has laid a solid foundation for the realization of self-sufficiency of main raw materials and the subsequent expansion project of titanium dioxide by chlorination process. At the same time, in order to make full use of the hydropower resources of the company's Mabian plate, the company is speeding up the preparation of the construction layout of the chlorination process titanium dioxide raw material high titanium slag project to achieve self-sufficiency of raw materials.

At the same time, Tianyuan shares explained the main products and market development of Yibin Libao ternary cathode materials. Yibin Libao currently has a production capacity of 20, 000 tons of ternary cathode materials, with a medium-term production capacity of 100000 tons. At present, Yibin Libao products are mainly for Ningde era. According to the "Comprehensive Cooperation Agreement" signed with Ningde era, the company will form a long-term partnership with Ningde era, which also marks that the company has become a qualified supplier of Ningde era. At the same time, Yibin Libao is also supplying to other domestic battery manufacturers.

At present, Yibin is striving to build a world-class lithium industry cluster. Ningde era, time Geely, Chery Automobile, Changying Precision, Meida and many other well-known enterprises involved in the field of lithium power have settled in Yibin, driving the rapid development of the lithium industry in Yibin. It also provides greater development opportunities. Yibin Libao, as a manufacturer of ternary cathode materials, is an important link in the whole Yibin lithium industry chain, and has great potential for development in the future.