The supply of titanium dioxide exceeds the demand. The net profit of medium-core titanium dioxide in the first half of the year is expected to increase by 150% and 200%.

On the evening of June 20, China Nuclear Titanium dioxide (002145) issued a semi-annual performance forecast. It is estimated that the net profit belonging to shareholders of listed companies in the first half of 2021 is about 613 million yuan to 735 million yuan, an increase of 150% over the same period last year.

It is reported that medium nuclear titanium dioxide is mainly engaged in the research, development, production and sales of rutile titanium dioxide. At present, the company has formed an annual production capacity of nearly 400000 tons of rutile titanium dioxide, ranking second in China and sixth in the world. With the development of science and technology, the application of titanium dioxide has been extended to new energy, automotive and other related industries.

China Nuclear Titanium dioxide said that the main reason for the growth in performance in the first half of this year was that the market for rutile titanium dioxide, the company's main product, was in a strong business cycle, products were in short supply, and sales prices increased greatly compared with the same period last year.

The battery network learned that in the field of new energy, medium-core titanium dioxide also plans to be involved in ferric phosphate and lithium iron phosphate business.

On May 25, China Nuclear Titanium dioxide issued a pre-plan for the non-public offering of A-shares, with the total amount of funds raised not exceeding 7.091 billion yuan. After deducting the issuance expenses, the net funds raised will be used for three physical projects, that is, the deep processing of recycled titanium dioxide, the recycling of water-soluble monoammonium phosphate (water-soluble fertilizer) resources, and the annual production of 500000 tons of ferric phosphate, with a total planned investment of 979 million yuan, 993 million yuan and 3.83 billion yuan, respectively. It is proposed to raise 793 million yuan, 786 million yuan and 3.385 billion yuan, while the remaining funds will be used to supplement the working capital.

In addition, it is worth noting that on the evening of May 27, China Nuclear Titanium dioxide announced that the company had signed a cooperation agreement with time Yongfu, a subsidiary of Ningde era, to jointly fund the establishment of a joint venture "Baiyin China Nuclear era New Energy Co., Ltd. (provisional name)" to promote the investment, construction and operation of comprehensive intelligent new energy projects such as photovoltaic, wind power, energy storage and so on.