Longyu li 2019 annual report: revenue of 11.3 billion yuan, up 8.8% YoY

Recently, titanium dioxide production enterprises Longyu Lilian Group Co., Ltd. announced its 2019 annual report. In 2019, the Company expects to achieve revenue of
11.359 billion yuan, up 8.79%
yoY, and net profit of 2.594 billion yuan, up 13.49% YoY, and net profit of 2.492 billion yuan, up 15.59% YoY.
this year, the company's main operating conditions are as follows:
production and sales are stable, industrial chain advantages and core technical advantages highlighted
in 2019,
company produced a total of 555.2 million tons of titanium dioxide sulfate
, a decrease of 1.65% YoY,
chlorinated titanium dioxide 747,000 tons
, up 20.2% YoY 40%; Sales of titanium dioxide powder by sulphuric acid were 557.8 million tons, up 6.06% YoY, 675,000 tons of titanium dioxide powder by chloride, up 13.31%
Yo
Y;
In acquisitions and mergers, seize opportunities
the company is the only domestic full control of the chlorination process of the whole process of enterprises, in order to rapidly expand the scale, seize the market opportunity, consolidate the enterprise's dominant position in the industry, while relying on the existing industrial chain and technological advantages to enter The titanium industry, adding new profit growth points, in May 2019, the company acquired Yunnan Metallurgical Xinli Titanium Co., Ltd., through the acquisition of Xinli Titanium state-owned shares, minority shareholders' equity and debt-to-equity control ratio reached 98.39 percent. Xinli Titanium Industry is located in Chuxiong County, Yunnan Province, close to China's titanium mineral land Panzhihua, rich in water, electricity, natural gas and other resources. Xinli titanium industry has a relatively perfect chlorination process supporting production lines, the existing annual output of 60,000 tons of chlorinated titanium dioxide production line, 10,000 tons of sponge titanium production line, 80,000 tons of high titanium slag production line. Up to now, the new titanium has achieved a full resumption of production, initially formed a titanium chloride slag, titanium chloride white, sponge titanium as one of the low-cost co-production system, of which 80,000 tons / year high titanium slag production line on September 15, 2019 successfully resumed production, the annual cumulative production of high titanium slag 12,000 tons, the completion of output value of 110 million yuan; The 10,000-ton/year sponge titanium production line was successfully resumed at the end of September 2019, with the first sponge titanium produced on October 5, 2019, producing 700 tons of sponge titanium for the whole year, and the 60,000-ton/year chlorinated titanium dioxide production line producing titanium dioxide powder on December 6, 2019.
.