The boom cycle of the titanium dioxide industry continues!

On the evening of April 26, CNNC Titanium released its 2021 annual report and 2022 first quarter report

In the first quarter of 2022, revenue was about 1.

It is worth noting that, in the first quarter financial report of China Nuclear Titanium Dioxide, it is obvious that the operating cash flow has risen sharply

An important reason for the growth in performance is that the rutile titanium dioxide market, the main product of China Nuclear Titanium Dioxide, is in a boom cycle, the product is in short supply, and the sales price has increased significantly year-on-year

Data shows that in 2021, the global titanium dioxide production capacity is about 8.

At present, the global titanium dioxide market has basically formed a pattern dominated by four foreign titanium dioxide enterprises (Chemours, Tenor, Venator, Connors) and two Chinese titanium dioxide enterprises (Longbai Group, China Nuclear Titanium Dioxide)

By the end of 2021, CNNC Titanium Dioxide has formed an annual production capacity of nearly 400,000 tons of rutile titanium dioxide, ranking second in China and sixth in the world

In 2021, China Nuclear Titanium Dioxide achieved a production of 324,200 tons of "rutile-type titanium dioxide finished products", a slight year-on-year increase; the sales of titanium dioxide finished products was 323,700 tons, a small year-on-year increase

In addition, the titanium dioxide industry belongs to the field of fine chemicals.

The growth of export business also contributed a lot to the revenue growth of CNNC Titanium Dioxide

In addition to the titanium dioxide business, another attraction of CNNC titanium dioxide to institutional investors may be the lithium iron phosphate project

In 2021, CNNC Titanium Dioxide announced that the company plans to build a lithium iron phosphate project with an annual output of 500,000 tons in three phases, mainly building lithium iron phosphate production lines and supporting facilities

The "annual output of 500,000 tons of lithium iron phosphate project" is part of the "ferrous cycle", that is, the product of the "waste acid cycle", water-soluble monoammonium phosphate reacts with ferrous sulfate in the titanium dioxide production process to produce iron phosphate, and then uses phosphoric acid.

In this regard, CNNC Titanium Dioxide disclosed that the company plans to focus on the four major business sectors of "resources, titanium chemical industry, new materials, and new energy" through the strategic means of "endogenous growth, extensional mergers and acquisitions" in the future, and comprehensively deploy the upstream and downstream of the industrial chain to create "Sulfur-phosphorus-iron-titanium-lithium" green circular industrial economy, and strive to become one of the world's largest sulfuric acid method titanium dioxide production enterprises, and to build the most competitive lithium iron phosphate production base