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Baoti Co., Ltd.: Net profit in the first half of the year increased by 95.56% year-on-year

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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Baoti Co.

The company stated that in the first half of 2021, the company will actively seize the important opportunities for the growth of market demand in the titanium industry, focus on the "three markets", focus on improving the "three capabilities", innovate the industrial structure layout, improve the quality and efficiency of operations, aerospace, etc.

At the beginning of 2021, the company successfully realized a non-public offering to raise 2 billion yuan of funds.
The raised investment projects expanded the upstream melting furnace, 1850mm hot rolling production line and other equipment, and added 10,000 tons of titanium ingot production capacity, 290 tons of titanium alloy pipes, and 100 tons of titanium alloy profiles.
, 1,500 tons of aerospace grade titanium alloy sheet, 5,000 tons of strip and 500 tons of foil
.
Pacific Securities pointed out that the fundraising project will expand high-end production capacity, and the project is expected to be put into production one after another from 2022 to ensure the company's long-term output growth of military and civilian products
.

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