With revenue of 10.441 billion yuan in 2018, Longyuli strives to achieve the strategic goal of integrating the titanium industry

On the evening of April 22nd, Long Yuli released its 2018 Annual Report. According to the report, in 2018, Longyuli achieved operating income of RMB10,441 million, up 1.78 percent from the previous year, while net profit attributable to shareholders of listed companies was RMB2,286 million, down 8.66 percent from the previous year. The world titanium dioxide industry has nearly a hundred years of development history, it is in the merger, reorganization and technological progress on the road of

. Long said that China's titanium dioxide industry since 1956, the production of enamel and welding rod titanium white powder started, now has more than 60 years of history. In the mid-1980s, the use of "Panzhihua titanium magnetite (629, -4.00, -0.63%) resources comprehensive utilization" in the scientific and technological research achieved in the development of titanium dioxide sulfate method, production equipment and technical level has improved, product varieties to the production of paint-grade titanium dioxide-based. In the 80's and 90's, titanium dioxide factories were built all over the country, but the development was slow due to the small scale of production, backward technology and poor product quality. After 2000, China's titanium dioxide industry has been able to develop rapidly and enter the international titanium dioxide market competition. Since 2009, along with the rapid growth of the national economy, led to a rapid increase in the demand for titanium dioxide market, market prices rising rapidly, attracting social capital continue to pour in, manufacturers in the industry have also expanded production, resulting in the domestic titanium dioxide production capacity since 2011 increased significantly year by year, while the same period due to the slowdown in China's GDP growth rate, the country adjusted the economic structure, especially real estate, coatings and other downstream industries, the demand growth rate of the industry has gradually declined, resulting in the industry's general titanium and redstone products, the market price of iron ore and redstone products continue to decline.
According to the announcement, in 2016, China's titanium industry began to gradually come out of the trough, bottom rebound, showing some different development characteristics, the whole industry is moving towards many positive aspects of development, driven by a series of policy measures, such as structural reform on the national supply side, "three to one down to make up", stable growth, quality efficiency, innovation-driven, transformation and development. Titanium dioxide in 2016 and 2017 is in a boom cycle, product prices are rising, supply is tight, inventories have fallen sharply, and annual exports have maintained a high annual growth rate of double digits. At present, China's titanium dioxide industry has entered the new normal of development, is in the process of transformation and upgrading of titanium sulfate to chlorinated titanium industry, product quality has been steadily improved, technological breakthroughs have been made, and the gap with the national titanium dioxide giant gradually narrowed; Overall, the "quantity" of industrial development has been effectively controlled, "quality" in the continuous improvement, is gradually from a large titanium dioxide to titanium dioxide power.
Long Yuli said that during the reporting period, the company relied on the deep integration of development results, fully tap their own technical advantages, international market advantages, quality and brand advantages, circular economy advantages, large-scale advantages, industry chain advantages, information advantages, and constantly strengthen the core competitiveness. At the same time, the company is committed to the transformation and upgrading of the industrial chain, and strive to achieve the integration of the titanium industry strategic objectives, through an annual output of 200,000 tons of chlorination method, Phangxi titanium magnetite resources comprehensive utilization, high-end titanium alloy and other key projects, to create a low-cost, full-process chlorinated titanium white whole industrial chain, to promote the company's titanium ore, titanium chloride slag, chlorinated titanium dioxide, sponge titanium, titanium alloy industry chain transformation and upgrading opportunities.
addition, the common stock profit distribution plan approved by the Board of Directors is: it is proposed to pay RMB 1 cash dividend (including tax) to all shareholders for every 10 shares.