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On March 31, Anadar held an online performance briefing.
The company said that in the first quarter of this year, the production and sales of titanium dioxide were strong, and there was basically no inventory.
The company's other main business, iron phosphate, is also experiencing a high boom, and the second phase of the 50,000 tons/year iron phosphate project is currently under construction.
The main business of titanium dioxide continues to improve.
The company said that in the first quarter of this year, the titanium dioxide market continued to improve.
The company holds a certain amount of orders, basically no inventory, and the output continues to hit new highs.
However, the prices of major raw materials are also rising, and the company's first quarter report will be released on April 24.
According to the company's previous 2020 annual report, during the reporting period, the company achieved operating income of 1.
122 billion yuan, a year-on-year increase of 8.
09%; net profit was 65.
110 million yuan, a year-on-year increase of 101.
06%.
Last year, the company's titanium dioxide output and sales volume both increased significantly compared with the previous year, and the output exceeded the equipment capacity.
The company said that the titanium dioxide industry is closely related to the country's macroeconomics, environmental protection, and exports, and hopes that this market will continue in 2021.
The company also stated that it has no intention to extend to the upstream of the industrial chain.
At present, the main sources of profit are titanium dioxide and iron phosphate.
There is no other profit growth point, and there is no plan to purchase titanium concentrate resources.
In terms of the business layout of iron phosphate, the company said that the new energy automobile industry is a strategic emerging industry that is the country's key development, and all countries in the world have put the development of energy storage batteries and power batteries at the height of the national strategic level.
In 2020, the installed capacity of lithium iron phosphate power batteries was 23.
2GWh, a year-on-year increase of 11.
7%, accounting for 36.
7% of the total installed capacity.
As the main raw material of lithium iron phosphate, a new energy battery cathode material, iron phosphate has the characteristics of high safety performance and long service life.
The company’s subsidiary is one of the earliest domestic enterprises engaged in the production of iron phosphate.
The current production capacity is 30,000 tons/year and the second phase of the 50,000 tons/year iron phosphate project is under construction.
The company said that in the first quarter of this year, the production and sales of titanium dioxide were strong, and there was basically no inventory.
The company's other main business, iron phosphate, is also experiencing a high boom, and the second phase of the 50,000 tons/year iron phosphate project is currently under construction.
The main business of titanium dioxide continues to improve.
The company said that in the first quarter of this year, the titanium dioxide market continued to improve.
The company holds a certain amount of orders, basically no inventory, and the output continues to hit new highs.
However, the prices of major raw materials are also rising, and the company's first quarter report will be released on April 24.
According to the company's previous 2020 annual report, during the reporting period, the company achieved operating income of 1.
122 billion yuan, a year-on-year increase of 8.
09%; net profit was 65.
110 million yuan, a year-on-year increase of 101.
06%.
Last year, the company's titanium dioxide output and sales volume both increased significantly compared with the previous year, and the output exceeded the equipment capacity.
The company said that the titanium dioxide industry is closely related to the country's macroeconomics, environmental protection, and exports, and hopes that this market will continue in 2021.
The company also stated that it has no intention to extend to the upstream of the industrial chain.
At present, the main sources of profit are titanium dioxide and iron phosphate.
There is no other profit growth point, and there is no plan to purchase titanium concentrate resources.
In terms of the business layout of iron phosphate, the company said that the new energy automobile industry is a strategic emerging industry that is the country's key development, and all countries in the world have put the development of energy storage batteries and power batteries at the height of the national strategic level.
In 2020, the installed capacity of lithium iron phosphate power batteries was 23.
2GWh, a year-on-year increase of 11.
7%, accounting for 36.
7% of the total installed capacity.
As the main raw material of lithium iron phosphate, a new energy battery cathode material, iron phosphate has the characteristics of high safety performance and long service life.
The company’s subsidiary is one of the earliest domestic enterprises engaged in the production of iron phosphate.
The current production capacity is 30,000 tons/year and the second phase of the 50,000 tons/year iron phosphate project is under construction.
