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China Nuclear Titanium White (or "Company") announced on the evening of December 9 that the company's wholly-owned subsidiary Venus Titanium White held in Gansu and Cheng Titanium Co., Ltd., Gansu Oriental Titanium Co., Ltd. 100% of the shares transferred to the company. After the completion of this equity transfer, the company will directly hold and Cheng titanium industry, Oriental titanium industry 100% of the equity, and Cheng titanium industry, Oriental titanium industry will be the company's wholly-owned Sun company changed to a wholly-owned subsidiary.
financial data show that Hecheng Titanium achieved operating income of 783 million yuan and 456 million yuan in the first three quarters of 2019 and 2020, with net profit of 50.2877 million yuan and 7.6573 million yuanOriental Titanium achieved operating income of 446 million yuan and 691 million yuan in the first three quarters of 2019 and 2020, with net profit of 60.6099 million yuan and 57.6233 million yuan.
Said that the equity transfer is conducive to the company's integration of internal resources, optimize the business structure, better improve management efficiency and operational efficiency, reduce the company's operating costs, in line with the company's overall strategic planning, but also conducive to the company to further improve the governance structure, the company's long-term development and business layout has a positive role.
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