CNNC Titanium White: Net profit for the first half of the year was 214 million yuan, down 60.12% year-on-year

CNNC Titanium Dioxide (002145) disclosed its semi-annual report on the evening of August 29. The company's operating income for the semi-annual period of 2023 was 2.214 billion yuan, a year-on-year decrease of 22.97%; net profit attributable to the parent company was 214 million yuan, a year-on-year decrease of 60.12%; Basic earnings per share was 0.06 yuan. It is expected that in the second half of 2023, the titanium dioxide industry will continue its business format of "stable and weak supply and maintaining high costs and selling prices." The world's leading market position, the creation and consolidation of the operating advantages of leading companies, and the introduction of a series of policies for China's real estate industry will help China's titanium dioxide industry accelerate the clearing of old and new production capacity and restore the industry's profitability.