Titanium dioxide leader: Longmang Baili's performance has increased significantly

Longmang Bailian Group Co., Ltd. (hereinafter referred to as "Longmang Bailian"), which is in the titanium dioxide business cycle, has released its 2021 semi annual performance forecast. Expected to be in the first half of 2021

The net profit was 2.327 billion to 2.974 billion yuan, a year-on-year increase of 80% to 130%.

Regarding the significant increase in performance this time, Longmang Baili stated that the main product titanium dioxide market is in a strong business cycle, and sales prices have increased significantly year-on-year; Existing titanium dioxide

Improved capacity utilization, especially effective release of chloride production capacity; Although the prices of raw and auxiliary materials have also increased significantly, Longmang Baili's vertically integrated full industry chain competition

The advantages are fully demonstrated, which has led to a significant year-on-year increase in the net profit of Longmang Baili.

In addition to the reasons for Longmang Baili's strengthened internal management, Longmang Baili stated in its semi annual performance forecast that with the gradual progress of mergers and acquisitions integration, various mergers and acquisitions will be carried out

The synergistic effect of assets is gradually being realized.

During the reporting period, Longmang Baili completed its targeted issuance, resulting in an increase in equity capital and a reduction in financial expenses for debt financing.

In addition, with the disclosure of equity incentive plans and the continuous implementation of industrial chain layout, it can be seen that Longmang Baili is actively laying out.

Recently, the Proposal on Granting Restricted Stocks to Some Incentive Objects * * * disclosed that Longmang Baili will designate May 28, 2021 as the restricted stock grant date,

Grant 139 million restricted shares to 5001 incentive recipients at a grant price of 15.64 yuan per share. The incentive targets include company directors, senior and intermediate management personnel, etc.

On May 8th, the innovation project for upgrading and converting 500000 tons of Panxi titanium concentrate into titanium chloride slag was officially electrified and put into operation. The project can achieve an annual production of 300000 tons of titanium chloride slag after reaching full capacity, or

Further improve the optimization and upgrading of the entire industry chain, and reduce raw material costs.