Lomon Baili's 10-year profit exceeds 10 billion and dividends are 8.4 billion, and the industry's high-prosperity leading product raises prices three times during the year

Titanium dioxide leader Dragon Mang Baili (002601.
SZ) raises its price again.
Titanium dioxide leader Dragon Mang Baili (002601.
SZ) raises its price again.
On the evening of March 10, Lomon Baili issued an announcement that the company's various types of titanium dioxide have been fully adjusted.
This is the third time that Lomon Bailey (002601 ) raised the price of titanium dioxide this year and the sixth time in the past seven months.
Benefiting from the high prosperity of the industry, the supply of titanium dioxide is in short supply.
This situation will greatly improve the business of Lomon Baili.
In the second quarter of last year, the company made a profit of 392 million yuan and a profit of 557 million yuan in the third quarter.
The market predicts that at least in the first half of this year, the company's operating performance will see substantial growth.
Lomon Bailey can be regarded as a model in the A-share market by continuously distributing cash dividends.
In less than 10 years, the company has distributed 15 dividends, with a cumulative dividend of 8.
4 billion yuan and a dividend rate of over 80%.
Three price hikes since the beginning of the year Three price hikes since the beginning of the year Titanium dioxide has been booming, and Lomon Bailey has raised prices frequently to respond.
The latest announcement shows that starting from March 11 this year, Lomon Baili will raise the sales price of titanium dioxide products in an all-round way.
Relevant data show that on March 10, the reference price of titanium dioxide was 188,333,300 yuan/ton, which was an increase of about 4.
24% compared with the 18,066,700 yuan/ton on March 1.
Titanium dioxide is an important inorganic chemical pigment.
The upstream raw material is titanium concentrate, and the downstream is widely used, including coatings, rubber, plastics, papermaking, printing inks, household chemicals, electronics industry, micro-electromechanical and environmental protection industries.
A reporter from the Yangtze River Commercial Daily found that since this year, Lomon Baili has raised the sales price of titanium dioxide once a month.
On January 8 this year, Lomon Baili announced that the sales price of the company’s various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) will be increased by 500 yuan/ton to various domestic customers on the basis of the original price.
Class customers are raised by US$100/ton.
On February 7, the company once again raised the sales price of various types of titanium dioxide on the original basis.
Domestic customers increased by 1,000 yuan/ton, international customers by 150 US dollars/ton, and individual models were adjusted according to actual conditions.
  In response to the price adjustment of the leading product titanium dioxide by companies such as Lomon Baili, several brokerage research reports stated that due to the impact of industrial and environmental protection policies, the domestic titanium dioxide production capacity will not increase significantly, and there is currently no new production capacity plan in the international market.
Correspondingly, market demand is growing rapidly due to the global automotive and real estate rebound.
  At present, the production capacity of Lomon Baili titanium dioxide is 1.
01 million tons.
With the commissioning of the second phase of the company's new chlorination process project and the resumption of production of Yunnan Xinli chlorination process production line, the production capacity will gradually increase.
The cumulative dividend rate exceeds 80%.
The cumulative dividend rate exceeds 80%.
  Frequent increase in the price of leading products will bring substantial benefits to Lomon Baili and enhance profitability.
In fact, the company's profitability continues to increase.
  In 2016, the company ushered in substantial changes.
In September of that year, Baililian, which was ranked second in the domestic industry in terms of production capacity, completed the acquisition of a 100% stake in the industry leader Longman Titanium at a price of 9 billion yuan.
At the same time, the company raised 10.
071 billion yuan from specific targets.
The company therefore changed its name to Lomon Baili.
  The feat of acquiring the boss of the domestic industry’s second child in the way of snake-tuning elephants has suddenly changed the industrial structure of titanium dioxide.
After the reorganization, Lomon Baili has a market share of 15%, ranking firmly as the domestic industry leader and ranking among the world.
Fourth place.
  This year, Lomon Baili's operating performance also improved significantly, with a net profit of 442 million yuan, a year-on-year increase of 296.
74%.
From 2017 to 2019, its net profits were 2.
502 billion yuan, 2.
286 billion yuan, and 2.
594 billion yuan, respectively, exceeding 2.
2 billion yuan for three consecutive years.
    In the first three quarters of last year, the company achieved a net profit of 1.
95 billion yuan, down 5.
62% year-on-year, mainly due to the impact of the epidemic and reduced market demand.
According to changes in market demand, it is expected that there will be a substantial increase in performance in the fourth quarter, and the growth momentum will continue throughout the year.
In recent years, Lomon Baili has been actively investing in the industrial layout, but its finances are relatively stable.
  As of the end of September 2020, the company's asset-liability ratio was 53.
35%.
At the end of the period, the company's long-term and short-term debts totaled 8.
128 billion yuan, of which short-term debt was 3.
98 billion yuan, monetary funds were 5.
005 billion yuan, and current monetary funds could cover short-term debt.
In the first three quarters, the company's financial expenses were 128 million yuan, a decrease of 25 million yuan from the 153 million yuan in the same period last year.
  Since its listing in 2011, Lomon Baili has continued to pay cash dividends.
Although the net profit has been declining for several years, it has not changed the company's tradition of cash dividends.
So far, the company has implemented 15 cash dividends and distributed a total of 8.
437 billion yuan in dividends.
Among them, in 2020, the company implemented two cash dividends in the first quarter and the third quarter, each of which was 9 yuan and 1.
1 yuan (both including tax) for every 10 shares, for a total of 2.
052 billion yuan.
  Since its listing, Lomon Baili has achieved a cumulative net profit of 10.
516 billion yuan, and the cumulative cash dividends distributed accounted for 80.
23% of the cumulative net profit.
  Lomon Baili has performed well in the secondary market.
Since the beginning of last year, its stock price has more than doubled, and its current market value is 76.
931 billion yuan, an increase of 45.
577 billion yuan from the 31.
354 billion yuan at the beginning of last year.