Operating "Four Steps" to increase net profit by 10%!

Strengthening exports in the first quarter, focusing on domestic sales in the second quarter, strictly controlling costs in the third quarter, and doing immediate sales in the fourth quarter.

Recently, China Nuclear Titanium Dioxide (002145.

At the same time, in 2020, the subsidiary Oriental Titanium will have 222 R&D personnel, a year-on-year increase of more than 100 people, an increase of 86.

At present, Oriental Titanium has signed strategic cooperation agreements with a number of financial institutions, providing the company with an intentional credit line of more than 10 billion yuan in total.

What needs attention is that Wang Zelong is the controlling shareholder and actual controller of Oriental Titanium.

Double-digit growth in revenue and net profit

China Nuclear Titanium Dioxide is mainly engaged in the R&D, production and sales of rutile titanium dioxide.

The predecessor of CNNC Titanium Dioxide was the Titanium Dioxide Branch of China National Nuclear Corporation 404th Plant.

Since its listing in 2007, China Nuclear Titanium Dioxide has continued to expand and strengthen its main business through mergers and reorganizations, capacity expansion, and equipment technological transformation.

The 2020 annual report shows that China Nuclear Titanium Dioxide achieved operating income of 3.

In quarterly terms, the domestic market for titanium dioxide in the first quarter of China's domestic market was affected by the epidemic.

In the second quarter, domestic and foreign market prices fell panic, and domestic downstream manufacturers gradually resumed production.

Product demand began to recover in the third quarter, and the cost of upstream bulk raw materials rose sharply.

As product prices continued to rise in the fourth quarter and market demand was in short supply, CNNC Titanium Dioxide reached a long-term supply and marketing cooperation intention with a number of large downstream companies while doing immediate sales, providing strong support for subsequent production and sales.

In 2020, China Nuclear Titanium Dioxide achieved an output of 317,600 tons of finished titanium dioxide, a year-on-year increase of 24.

At the same time, with the full production of the comprehensive utilization project of 100,000 tons of rutile titanium dioxide resources per year by subsidiary Dongfang Titanium, China Nuclear's titanium dioxide production capacity and output have continued to expand, and the production and sales of its main product titanium dioxide have increased year-on-year.

What needs attention is that Wang Zelong is the controlling shareholder and actual controller of Oriental Titanium.
According to Forbes’s ranking of the world’s youngest billionaires in 2021, the 24-year-old Wang Zelong ranked second with 1.
5 billion U.
S.
dollars.

Obtained 10 billion intentional credit line

It is worth mentioning that the overseas sales of Oriental Titanium will increase substantially in 2020.

The annual report shows that among the operating income of Oriental Titanium in 2020, the domestic and foreign amounts were 2.
197 billion yuan and 1.
518 billion yuan respectively, an increase of 5.
49% and 17.
33% year-on-year respectively, accounting for 59.
13% and 40.
87% of the total revenue respectively.

It is understood that the current research and development of Oriental Titanium is mainly in two aspects: one is to improve, optimize and innovate the existing production technology and titanium dioxide, to have a deep understanding of the variety characteristics, to facilitate the development and upgrade of the product series, and to ensure the company's sustainability Development; the second is to in-depth research on major key and common technical issues in the industry and topics with major application prospects, master and apply modern advanced technology and theoretical methods in research and development, and continuously develop a large number of high-quality new products to compete for the company’s market Provide product reserves and structural optimization.

In 2020, Oriental Titanium has invested 100 million yuan in R&D, an increase of 23.
76% year-on-year; there are 222 R&D personnel, an increase of more than 100 people year-on-year in 2019, an increase of 86.
55%.

Not only that, Dongfang Titanium is also continuously increasing the company's production capacity through financing and other means in the capital market.

In 2020, Oriental Titanium successfully completed the financing of the non-public offering of shares, with a raised amount of nearly 1.
6 billion yuan, which will be used for the construction of 200,000 tons/year titanium dioxide post-processing project and supplementary liquidity, providing strong financial support for subsequent strategic development .

Oriental Titanium also signed the "Project Construction Cooperation Agreement" with the Baiyin Municipal People's Government, and plans to build a 500,000 tons of clean production process resource comprehensive utilization project in the Yindong Industrial Park of Baiyin High-tech Zone using a phased construction model.

According to the data, the 100,000-ton/year crude titanium dioxide project in the first phase of the above-mentioned project has been produced at full capacity, forming an asset scale of about 2 billion yuan.
At present, the second phase of the 200,000 tons/year crude titanium dioxide project has started construction, and the supporting 300,000 tons/year titanium dioxide finished product project has the conditions to start construction.

Orient Titanium has also successively signed strategic cooperation agreements with financial institutions such as China Construction Bank Guangzhou Branch, China Construction Bank Gansu Branch, Zheshang Bank Lanzhou Branch and other financial institutions, providing the company with an intentional credit line of more than 10 billion yuan in total.

In 2020, Oriental Titanium already has a comprehensive credit line of 2.
728 billion yuan, and the unused credit line is 1.
905 billion yuan.
The company stated that it will continue to promote and deepen the cooperative relationship with financial institutions to provide strong financial support for subsequent enterprise development.

In the first quarter of 2021, the performance of China Nuclear Titanium Dioxide will be more prominent, achieving operating income of 1.
236 billion, a year-on-year increase of 49.
53%; net profit of 287 million, a year-on-year increase of 77.
29%.