CNNC Titanium Dioxide (002145.SZ) achieved first-half results, with a net profit of 304 million yuan, a year-on-year increase of 42.09%

CNNC Titanium Dioxide (002145.SZ) released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 3.151 billion yuan, a year-on-year increase of 42.29%; net profit attributable to shareholders of listed companies was 304 million yuan, a year-on-year increase of 42.09%; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 253 million yuan, a year-on-year increase of 64.38%; basic earnings per share was 0.0826 yuan/share.

In the second half of 2023, the company will complete the integrated acquisition of phosphorus ore mining and processing enterprises and yellow phosphorus production enterprises, supplement core resource elements and add high-value main products; implement major investment projects in the recycling industry, forming a horizontal and vertical integrated industrial chain of "sulfur-phosphorus-iron-titanium". So far, the company has formed an industry-leading production capacity scale of new energy chemical materials such as titanium dioxide, phosphate ore, yellow phosphorus, and iron phosphate, and built a good operating performance-driven foundation. Among them: the existing production capacity of titanium dioxide is nearly 550,000 tons/year, and the planned production capacity is 700,000 tons/year; the existing production capacity of phosphorus ore is 500,000 tons/year; the existing production capacity of yellow phosphorus is 30,000 tons/year, and the annual yellow phosphorus technical transformation project is expected to be put into operation in 2024; the existing production capacity of iron phosphate is 100,000 tons/year, and the planned production capacity is 500,000 tons/year.