Lubei Chemical: Currently, the company's main project under construction is the Jinhai Titanium Artificial Rutile Project, and the project construction has entered the final stage of equipment installation

Lubei Chemical (600727) responded to investors 'concerns on the investor relations platform on June 8.
Investor: Hello, Secretary of the Board of Directors: Please introduce all the projects under construction in the company, what projects are there and how the project progress is. Thank you.
Secretary of the Board of Directors of Lubei Chemical: Hello, Dear Investor, the company's main project under construction is the Jinhai Titanium Industry Artificial Rutile Project, and the project construction has entered the final stage of equipment installation. For other projects under construction as of the end of 2022, please refer to "22. Projects in progress" in "VII. Items Notes to the Consolidated Financial Statements" of the "Section 10 Financial Report" of the 2022 Annual Report. Thank you for your attention to the company.
Investor: Hello, your company's homepage says that the construction of a fluorine-containing new material project of Chuangling Branch has started in 23 years. Half of this year is almost over, why is there no movement at all? It is mentioned in the 20th Annual Report, 21st Annual Report and 22nd Annual Report! Can it start this year? thank
Secretary of the Board of Directors of Lubei Chemical: Hello, Dear Investor, the company disclosed the "Announcement of Shandong Lubei Chemical (600727) Co., Ltd. on the Commissioning of 20,000 tons/year Aluminum Chloride Plant for the Fluorine-Containing New Materials Project" in September 2022., the project has entered the commissioning stage. Thank you for your attention to the company.
Investor: Hello, in the face of the weak titanium dioxide market, does the company consider expanding its products to sponge titanium with better prospects? I look at the sponge titanium and chlorinated titanium dioxide production lines produced by Dragon Python. The two are only different in the last aspect. One is oxidation to produce titanium dioxide, and the other is reduction to titanium sponge! Does the company consider and investigate whether it can also go to the titanium sponge production line to expand downstream? Thank you!
Secretary of the Board of Directors of Lubei Chemical: Dear investors, the company will comprehensively consider market, technology and other relevant factors to make production, operation and investment decisions in a timely manner. Thank you for your suggestions and attention to the company.
Lubei Chemical's 2023 quarterly report shows that the company's main income was 1.106 billion yuan, a year-on-year decrease of 18.3%; net profit attributable to the parent company was 1.5641 million yuan, a year-on-year decrease of 97.09%; non-net profit was deducted of 1.0516 million yuan, a year-on-year decrease of 98.03%; the debt ratio was 59.53%, the investment income was 87,600 yuan, the financial expenses were 15.4124 million yuan, and the gross profit margin was 8.08%.