Titanium dioxide rises again
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In addition, Panzhihua Haifengxin Chemical Co., Ltd. and Yunnan Metallurgical Xinli Titanium Industry Co., Ltd. had previously announced that the company’s rutile-type product price will be increased by RMB 700 per ton. This is also the fifth round of price increase in titanium dioxide during the year. At this point, the current round of price increase has continued for more than 16 months.
According to statistics from business clubs, as of May 2, the price of titanium dioxide rose by 20.35% from the average price in early 2017, which is an increase of 76.33% from the beginning of 2016.
In the A-share market, the titanium dioxide concept stock includes:
Long Yuli: The company is mainly engaged in the production and sales of titanium dioxide and its by-products. In 2016, it achieved operating income of 4.136 billion yuan, a year-on-year increase of 56.98%; net profit attributable to mothers was 442 million yuan, an increase of 296.74% over the same period of last year, which was mainly due to the increase in the price of titanium dioxide and the merger of Sichuan Longxi. In the first quarter of 2017, the company's performance continued to exceed expectations, achieving an operating income of 2.35 billion yuan, a significant increase of 273.89%; net profit attributable to the mother was 585 million yuan, which was 35 times that of the same period of last year.
Ananda: The company is located in Tongling, Anhui Province, and is mainly engaged in the production of titanium dioxide. At the same time, the recycling of by-product ferrous sulfate to produce iron phosphate has increased the profits of the company. In 2016, the company achieved revenue of 819 million yuan, a year-on-year increase of 35.05%; net profit attributable to the mother was 42.51 million yuan, a year-on-year increase of 131.82%, which achieved profit turnaround, which was mainly due to the recovery of the titanium dioxide market. In the first quarter of 2017, the company realized revenue of 251 million yuan and net profit of 31.96 million for mothers, a significant increase of 310.85%.
CNI Titanium Dioxide: The company is mainly engaged in the research, development, production and sales of titanium dioxide and iron oxide, and has several production bases in Gansu, Anhui and Jiangsu. In 2016, the company achieved operating income of 2.048 billion yuan, an increase of 25.70% over the previous year; the deduction of non-net profit from the mother's motherland was 93.68 million yuan, a year-on-year increase of 166.04%, and it achieved profitability, mainly benefiting from the recovery of the titanium dioxide industry.