Revenue 11.4 billion, total profit 3 billion, titanium dioxide leading enterprise 2019 Express

Longmang baililin Group Co., Ltd issued the 2019 annual performance express on February 29, achieving a total operating revenue of 11.4 billion yuan, a total profit of 3 billion yuan, and a net profit of 2.589 billion yuan attributable to shareholders of the listed company The report shows that the company's total operating revenue is 11419887283.48 yuan, an increase of 8.20% year on year; the total profit is 3022048718.95 yuan, an increase of 11.27% year on year; the net profit attributable to shareholders of the listed company is 2589414283.15 yuan, an increase of 13.29% year on year According to the report, the main reason for the increase of net profit in the reporting period over the previous year is the increase of profit due to the increase of sales volume of titanium dioxide and mineral products in the current period; the increase of sales price of intermediate products and by-products such as high titanium slag and titanium tetrachloride in the current period leads to the increase of profit During the reporting period, the company's production and operation were normal and its financial situation was good At the end of the reporting period, the company's total assets were 25929241843.77 yuan, an increase of 23.92% over the beginning of the period The owner's equity attributable to shareholders of the listed company was 13866374215.07 yuan, an increase of 11.62% over the beginning of the period Longmangbaili is the world's fourth largest titanium dioxide leading manufacturer Domestic titanium dioxide cost driven increase in the near future Recently, the price of titanium dioxide in southwest, Shandong and South China increased by 50 yuan / ton to 150 yuan / ton, mainly driven by the rise of titanium ore The transportation and construction of titanium ore in China are limited After the Spring Festival, more than 100 yuan / ton will be continuously increased The price of overseas titanium dioxide was increased Venator, the world's third largest titanium dioxide producer, announced that its titanium dioxide products would be increased by 120 US dollars / ton after March 1, and Europe, the Middle East and Africa would be increased by 100 euros / ton or 120 US dollars / ton after April 1 According to the analysis of Huaxi Securities, the company has not been affected by the epidemic and strives to increase railway transportation efforts to alleviate the transportation pressure The company has four titanium dioxide production bases with a total capacity of 950000 tons, which are distributed in Jiaozuo, Henan, Deyang, Hubei, Xiangyang and Chuxiong, Yunnan The titanium dioxide plant in each production base has maintained a high load since the Spring Festival The company's 800000 tons of titanium ore in Panzhihua base in Sichuan also maintained a high load, benefiting from the rise of titanium ore products The epidemic did not affect the company's start-up, but it had a negative impact on the transportation of raw materials and finished products in the whole market, especially the automobile transportation The company increased its railway transportation efforts to alleviate the transportation contradiction It is expected that overseas titanium dioxide will benefit from rising raw material prices and peak season demand The downstream of titanium dioxide in China is concentrated in coating, plastics, papermaking and other industries The downstream industries are scattered, and most of the small and medium-sized enterprises At present, the resumption of work is limited Therefore, the price of titanium dioxide in China is mainly driven by the rise of titanium ore price Overseas titanium dioxide enterprises mainly use chlorination process, and the global supply of rutile ore required by them tends to be tight According to TZMI, a gap is expected in 2020 In 2019, China's titanium dioxide output will be about 2.9 million tons, with a net export of more than 800000 tons The global output is expected to be about 5.9 million tons, and the demand outside China accounts for nearly 65% With the coming of the peak season of overseas demand, it is expected that the overall supply and demand of the industry will be tight If the price of titanium dioxide per ton rises by 1000 yuan / ton, the company's net profit will be increased by 630 million yuan.