Revenue of 11.4 billion, total profit of 3 billion, titanium dioxide leading enterprises in 2019 Express

Longyu Lilian Group Co., Ltdreleased its 2019 annual results on February 29, achieving total operating income of 11.4 billion yuan, realizing a total profit of 3 billion yuan and a net profit attributable to shareholders of listed companies of 2.589 billion yuanreported that the Company achieved total operating income of RMB114,19887283.48, up 8.20% YoY, and realized a total profit of RMB3022048718.95, up 11.27% YoY, and realized net profit attributable to shareholders of listed companies of RMB2589414283.15, up 13.29% YoYreported that the increase in net profit in the reporting period was mainly due to increased profits due to increased sales of titanium dioxide and mineral products in the current period, and increased sales of intermediate products and by-products such as high titanium slag and titanium tetrachloridethe reporting period, the company's production and operation is normal, the financial situation is goodAt the end of the reporting period, the Company's total assets were RMB25929241843.77, an increase of 23.92% over the beginning of the periodThe owner's equity attributable to the shareholders of the listed company was RMB13866374215.07, an increase of 11.62% over the beginning of the periodLongyu li is the world's fourth, the country's largest titanium white powder leading production enterprisesDomestic titanium dioxide recent cost-driven riseRecently, the domestic southwest, Shandong, south China titanium white powder quotation sporadic increase of 50 yuan / ton - 150 yuan / ton, mainly driven by the rise of titanium oreDomestic titanium mining transportation and construction is limited, after the Spring Festival continued to raise 100 yuan / tonthe price of titanium dioxide raised overseasVenator, the world's third-largest producer of titanium dioxide, announced that its titanium dioxide products would raise prices by $120 a tonne after March 1, and Europe, the Middle East and Africa by 100 euros/tonne or $120/tonne after April 1Huaxi Securities analysis that the company started not affected by the outbreak, and strive to increase the intensity of railway transport to ease the pressure on transportThe company's existing four production bases of titanium dioxide production base a total of 950,000 tons of production capacity, distributed in Henan Jiaozhu, Sichuan Deyang, Hubei Puyang, Yunnan Chuxiong, the production base of titanium dioxide plant since the Spring Festival to maintain a high loadThe company's Sichuan Panzhihua base of 800,000 tons of titanium ore also maintained a high load, benefiting from the rise in titanium productsThe outbreak did not affect the company's start, but the market-wide transport of raw materials and finished products, especially the transport of automobiles, the company increased railway transport efforts to ease transport contradictions slow domestic and downstream resumption of work, it is expected that overseas titanium dioxide to benefit from rising raw material prices and peak season demand Domestic titanium dioxide downstream concentrated in the paint, plastics, paper and other industries, its downstream industry is scattered, small and medium-sized enterprises, the current resumption of work is limited, so the domestic price of titanium dioxide is mainly driven by the price of titanium ore Overseas titanium dioxide enterprises to chlorination process- In 2019, China's production of titanium dioxide is about 2.9 million tons, net exports of more than 800,000 tons, global production is expected to be about 5.9 million tons, outside China's regional demand accounted for nearly 65%, with the arrival of overseas demand season, the industry is expected to be tight overall supply and demand, such as 1000 yuan per ton of titanium dioxide price increase, will thicken the company's net profit of 630 million yuan