Jinpu Titanium Industry (000545.SZ): Estimated semi-annual loss of 19.6025 million yuan-27.4434 million yuan

Jinpu Titanium Industry (000545.SZ) announced that it expects a semi-annual loss of 19.6025 million yuan to 27.4434 million yuan, and a non-loss of 21.9232 million yuan to 30.6925 million yuan. 1. In the first half of 2024, the market demand for titanium dioxide was weak, and the sales price of the company's products was at a low level; the price of sulfuric acid, one of the main raw materials produced by the company, increased significantly compared with the same period last year, which had a certain impact on the gross profit of the product;2. In the first half of 2024, the sluggish demand for ferrous sulfate in the new energy industry in the first half of the year led to a significant drop in the price of the company's by-product ferrous sulfate, which had a significant impact on the gross profit of the product; 3. The loss of the company's joint venture in the first half of 2024 resulted in long-term equity investment losses on the company's books.