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On the evening of April 8, Baoti Co.
, Ltd.
disclosed its 2020 annual report.
The company achieved revenue of 4.
338 billion yuan in 2020, an increase of 3.
58% year-on-year; net profit was 363 million yuan, an increase of 51.
1% year-on-year.
Basic earnings per share are 0.
8429 yuan per share, and the company plans to distribute a cash dividend of 10.
5 yuan for every 10 shares.
Baoti Co.
, Ltd.
is my country's largest specialized rare metal production and scientific research base focusing on titanium and titanium alloys.
The annual output of its leading product titanium material ranks among the forefront of similar companies in the world.
The annual report shows that in 2020, the company achieved sales of 18,829.
15 tons of titanium products, of which 14,049.
27 tons of titanium products.
According to the annual report, due to the impact of the new crown epidemic in the first half of 2020, the titanium industry's demand in the international market has shrunk, export orders have decreased, the demand for low-end products in the domestic market has fallen, the market demand for high-end products has grown steadily, and the product structure has been upgraded and optimized.
In the second half of 2020, the supply and demand of the low-end product market in the titanium industry will improve, and the high-end product market will continue to grow, showing the market characteristics of "supply and demand, stable and positive".
However, the company also pointed out that the high-end product capacity of the titanium industry market is insufficient, the competition of low-end products is fierce, and the contradiction between product homogeneity and homogeneity is still obvious, and the supply and demand structure still needs to be improved.
At present, the titanium industry is still in a period of important strategic opportunities.
In the future, the titanium industry will still have a large number of industries such as aviation, aerospace, large aircraft, ships, petrochemicals, information technology, high-end equipment manufacturing, new energy, new materials, titanium for daily use, and deep sea.
Market development opportunities.
In the face of market changes in this industry, Baoti Co.
, Ltd.
will fully compete for high-end market space in 2020 and vigorously expand into new areas of civilian products; at the same time, it will increase market docking capabilities and focus on the development of aviation, aerospace, aviation, ships, nuclear power, and oceans.
Titanium is used in other high-end markets, and efforts are being made to expand the use of titanium in emerging markets such as electronics, medical care, architectural decoration, new energy, 3C, and marine engineering, and continue to cultivate new profit growth points.
During the reporting period, the company passed NORSORK forgings, wide and heavy plate certification, customs AEO certification and Japan's Mitsui Marine Development Company certification, and won the "Technical Standard Excellence Award" by the National Nonferrous Metals Standards Committee.
In terms of R&D and innovation, the company continues to develop and apply new products, new processes, new technologies, and new materials in high-end areas such as aerospace, weapons and ships, marine engineering, and nuclear applications, and successfully assisted the launch of the Long March 5 rocket.
The "Fighter" titanium alloy manned ball cabin dived for 10,000 meters.
In 2020, the company won 13 scientific and technological achievement awards at various levels, 2 patent authorizations, and won the National Science and Technology Progress Award in the non-ferrous metal industry.
According to Tianyan Check, Baotai currently has 45 public patent information, and it is the first "national enterprise technology center" jointly recognized by the National Development and Reform Commission, the Ministry of Science and Technology and other ministries and commissions in my country's titanium processing enterprises.
Prior to this, Baoti Co.
, Ltd.
also disclosed the performance forecast for the first quarter of 2021.
It is estimated that the current profit will be about 92 million yuan, an increase of about 122.
59% year-on-year.
The reason for the increase in performance is due to the optimization of the company's product structure, and the revenue from products with strong profitability accounted for Than improve.
It is worth mentioning that in February of this year, Baoti Co.
, Ltd.
completed the issuance of a fixed increase of 2 billion yuan.
This fixed increase has been subscribed by many well-known institutions such as Xinhua Asset Management, Sunshine Asset Management, Huarong Trust, Wells Fargo Fund, etc.
.
The raised funds will be used for high-quality titanium ingots, pipes, profile production line construction projects, aerospace-grade wide-width titanium alloy sheet, strip and foil construction projects, testing, inspection center and scientific research pilot platform construction projects and supplementary working capital.
, Ltd.
disclosed its 2020 annual report.
The company achieved revenue of 4.
338 billion yuan in 2020, an increase of 3.
58% year-on-year; net profit was 363 million yuan, an increase of 51.
1% year-on-year.
Basic earnings per share are 0.
8429 yuan per share, and the company plans to distribute a cash dividend of 10.
5 yuan for every 10 shares.
Baoti Co.
, Ltd.
is my country's largest specialized rare metal production and scientific research base focusing on titanium and titanium alloys.
The annual output of its leading product titanium material ranks among the forefront of similar companies in the world.
The annual report shows that in 2020, the company achieved sales of 18,829.
15 tons of titanium products, of which 14,049.
27 tons of titanium products.
According to the annual report, due to the impact of the new crown epidemic in the first half of 2020, the titanium industry's demand in the international market has shrunk, export orders have decreased, the demand for low-end products in the domestic market has fallen, the market demand for high-end products has grown steadily, and the product structure has been upgraded and optimized.
In the second half of 2020, the supply and demand of the low-end product market in the titanium industry will improve, and the high-end product market will continue to grow, showing the market characteristics of "supply and demand, stable and positive".
However, the company also pointed out that the high-end product capacity of the titanium industry market is insufficient, the competition of low-end products is fierce, and the contradiction between product homogeneity and homogeneity is still obvious, and the supply and demand structure still needs to be improved.
At present, the titanium industry is still in a period of important strategic opportunities.
In the future, the titanium industry will still have a large number of industries such as aviation, aerospace, large aircraft, ships, petrochemicals, information technology, high-end equipment manufacturing, new energy, new materials, titanium for daily use, and deep sea.
Market development opportunities.
In the face of market changes in this industry, Baoti Co.
, Ltd.
will fully compete for high-end market space in 2020 and vigorously expand into new areas of civilian products; at the same time, it will increase market docking capabilities and focus on the development of aviation, aerospace, aviation, ships, nuclear power, and oceans.
Titanium is used in other high-end markets, and efforts are being made to expand the use of titanium in emerging markets such as electronics, medical care, architectural decoration, new energy, 3C, and marine engineering, and continue to cultivate new profit growth points.
During the reporting period, the company passed NORSORK forgings, wide and heavy plate certification, customs AEO certification and Japan's Mitsui Marine Development Company certification, and won the "Technical Standard Excellence Award" by the National Nonferrous Metals Standards Committee.
In terms of R&D and innovation, the company continues to develop and apply new products, new processes, new technologies, and new materials in high-end areas such as aerospace, weapons and ships, marine engineering, and nuclear applications, and successfully assisted the launch of the Long March 5 rocket.
The "Fighter" titanium alloy manned ball cabin dived for 10,000 meters.
In 2020, the company won 13 scientific and technological achievement awards at various levels, 2 patent authorizations, and won the National Science and Technology Progress Award in the non-ferrous metal industry.
According to Tianyan Check, Baotai currently has 45 public patent information, and it is the first "national enterprise technology center" jointly recognized by the National Development and Reform Commission, the Ministry of Science and Technology and other ministries and commissions in my country's titanium processing enterprises.
Prior to this, Baoti Co.
, Ltd.
also disclosed the performance forecast for the first quarter of 2021.
It is estimated that the current profit will be about 92 million yuan, an increase of about 122.
59% year-on-year.
The reason for the increase in performance is due to the optimization of the company's product structure, and the revenue from products with strong profitability accounted for Than improve.
It is worth mentioning that in February of this year, Baoti Co.
, Ltd.
completed the issuance of a fixed increase of 2 billion yuan.
This fixed increase has been subscribed by many well-known institutions such as Xinhua Asset Management, Sunshine Asset Management, Huarong Trust, Wells Fargo Fund, etc.
.
The raised funds will be used for high-quality titanium ingots, pipes, profile production line construction projects, aerospace-grade wide-width titanium alloy sheet, strip and foil construction projects, testing, inspection center and scientific research pilot platform construction projects and supplementary working capital.
