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China Coatings Online News News
2016 is belong to the titanium dioxide industry, 2015 depressed market environment did not last long, along with some domestic and foreign titanium dioxide enterprises shut down production lines, the industry supply and demand relationship gradually changed,
tumium dioxide price
also returned to the rising channel. Since this
, the
titanium dioxide" industry raised prices more than ten times, the average price increase of 4000 yuan / ton, the increase of about 40%.
in this industry background, we can
that the performance
enterprises is gradually better. Up to now, domestic and foreign titanium dioxide enterprises in the third quarter of the financial results have been announced, let's see if our guess can be confirmed.
General increase in operating income
From the table, we found that domestic listed enterprises in terms of operating income have increased, the growth rate of 5-25%, this increase fully reflects the titanium dioxide enterprises by the positive impact of the increase in titanium dioxide prices, enterprise revenue growth is also basically in line with the increase in titanium dioxide prices. Among them, Anada performed best, with revenue up 23.03 percent year-on-year, while industry leader Yuli Union grew 6.96 percent year-on-year, but taking into account the volume issue, the company's joint venture revenue was 2,032 million yuan, compared with 576 million yuan for Anadar? In addition, Jinpu Titanium achieved operating income of 608 million yuan in January-September 2016, up 9.10% YoY, and in the first three quarters of the year, the Company achieved operating income of 1.46 billion yuan, an increase of 17.97 percent over the same period last year;
Net profit varies
Although operating income generally increased, but the net profit situation of enterprises is quite different, the net profit attributable to shareholders of listed companies before the sweep of the momentum, attributable to the shareholders of listed companies 46.432 million yuan, an increase of 437.56 percent over the same period last year; Basic earnings per share of 0.0291 yuan per share. The company continued its efforts to grow steadily, with net profit attributable to shareholders of listed companies amounting to RMB119 million, up 103.65% YoY, while Anada also performed well in net profit attributable to shareholders of listed companies of RMB19.05 million, up 130.58% YoY; Due to the company's operational problems, The net profit attributable to shareholders of listed companies was RMB48.39 million, down 48.84 percent year-on-year.
Foreign titanium dioxide enterprises are weak
domestic titanium dioxide enterprises are performing well, but foreign countries are not warm, including stable growth such as Chemours, the third quarter of 2016 sales of $625 million, up 1.5% from the same period in 2015 of $616 million, titanium sales revenue in the third quarter accounted for 44.7% of Como's total sales. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the company's titanium business reached $144 million in the third quarter, up 80 percent from a year earlier. Relatively regressing companies such as Huntsman reported sales of $2,363 million in the third quarter of 2016, down 10 percent from $2,638 million in the same period in 2015, and adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $272 million in the third quarter. Of course, there are also performing well, such as Kronos, which made $31 million in third-quarter profit in 2016 compared to a loss in the third quarter of 2015, bringing its January-September profit to $48.2 million, up 65 percent from $29.2 million in the same period in 2015.
overall, this year's titanium dioxide enterprises are still good, in the titanium dioxide industry is still in the rising period of the background, how to control production capacity, control cash flow, is an effective use of this good market.
。