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    Home > Coatings News > Paints and Coatings Market > China Nuclear Titanium Dioxide had a net profit of 470 million last year!

    China Nuclear Titanium Dioxide had a net profit of 470 million last year!

    • Last Update: 2021-04-18
    • Source: Internet
    • Author: User
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    On the evening of April 6, China Nuclear Titanium Dioxide released the 2020 annual results bulletin.
    The total operating income was about 3.
    716 billion yuan, an increase of 10.
    03% year-on-year; the net profit attributable to shareholders of listed companies was about 475 million yuan, an increase of 10.
    27% year-on-year.
    Basic earnings per share were RMB 0.
    2726, a year-on-year decrease of 1.
    09%.Source: China Nuclear Titanium Dioxide 2020 Annual Results Express China Nuclear Titanium Dioxide Annual Report shows that the main reason for the improvement in 2020 performance is that the company overcomes the adverse effects of the downward market situation on the basis of ensuring epidemic prevention and control, earnestly implements the annual production and operation goals, and strengthens operations Management, cost control, and expansion of marketing channels.
    In 2020, the production volume and sales volume of the main product titanium dioxide will increase by about 25% year-on-year, and the company's profitability will be further improved.
    At the same time, the improvement of performance is also inseparable from the repeated increase of China Nuclear Titanium Dioxide The price of the main product titanium dioxide.
    According to statistics, starting from October 9, 2020, China Nuclear Titanium Dioxide has adjusted the price of titanium dioxide 7 times, the most recent being the day when the annual performance bulletin was released.China Nuclear Power Titanium Dioxide Price Increases Seven Times China Nuclear Titanium Dioxide Price Increases Seven Times On October 9, 2020, domestic customers' sales prices will be raised by RMB 800/ton, and international customers' export prices will be raised by US$150/ton;
    October 29, 2020, domestic Sales prices for customers will be raised by RMB 1,000/ton, and export prices for international customers will be raised by US$180/ton; on December 3, 2020, sales prices for domestic customers will be raised by RMB 600/ton, and export prices for international customers will be raised by US$100/ton; 2021 On January 11, the sales price for domestic customers was raised by RMB 500/ton, and the export price for international customers was raised by USD 100/ton; on February 9, 2021, the sales price for domestic customers was raised by RMB 1,000/ton, and the export price for international customers was raised by 150 USD/ton; On March 2, 2021, the domestic customer's sales price will increase by RMB 1,000/ton, and the international customer’s export price will increase by USD 180/ton; on April 6, 2021, the domestic customer's sales price will increase by RMB 1,000/ton.
    The export price for international customers is raised by US$150/ton.
    According to statistics, the price of China Nuclear Titanium Dioxide's main product, titanium dioxide, has been raised by 5,900 yuan/ton for domestic customers, and the export price for international customers has been raised by US$1,010/ton.
    China Nuclear Titanium Dioxide stated that although the product price has been raised several times during the year, the demand is still very hot.
    On the same day, China Nuclear Titanium Dioxide disclosed its performance forecast for the first quarter of 2021.
    In the first quarter of this year, it is expected to achieve net profit attributable to shareholders of listed companies from 275 million yuan to 332 million yuan, a year-on-year increase of 70% to 105%.
    Source: China Nuclear Titanium Dioxide First Quarter 2021 Performance Forecast The year-on-year high growth rate in the first quarter of 2021 is mainly due to the repeated increase in the sales price of China Nuclear Titanium Dioxide's main product, titanium dioxide; secondly, the sales volume of its main product in the first quarter Compared with the same period last year, there was a substantial increase.
    DisclaimerThe content of this article is comprehensively derived from Oriental Fortune, Paint Purchasing Network, etc.
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