China Nuclear Titanium White's first-half net profit of 245 million yuan, up 14.82% YoY

On August 25, China Nuclear Titanium released its 2020 half-year report, reporting revenue of RMB1,638 million in the first half of the year, down 0.91% YoY, net profit of RMB245 million, up 14.82% YoY, and basic earnings per share of RMB0.17.
end of the year, total assets were 589,3664,277.78 yuan, an increase of 2.74% over the end of the previous year, while net assets attributable to shareholders of listed companies were 3495059386.51 yuan, an increase of 6.58% over the end of the previous year.
At the same time, China Nuclear Titanium disclosed the fifth phase of the draft employee shareholding plan, the plan for the company's directors (excluding independent directors), supervisors, senior managers and other core and backbone employees, the total number of participants in the plan is not expected to exceed 200 (inclusive), the total amount of the plan self-financing does not exceed 180 million yuan.
The source of the plan's shares is the repurchase of nucleo-titanium white A-shares, which are subject to share repurchase at a price of 4.24 yuan per share (the average repurchase price for repurchased shares is 4.237 yuan per share).
the plan involves no more than 40,174.2 million shares, or about 2.52 percent of the company's total existing equity.
It is understood that in the context of the severe challenges brought about by the outbreak of new crown pneumonia, China's nuclear titanium white strictly implement the leadership spirit of the CPC Central Committee, the implementation of "cost control", in order to set the strategic policy of production and marketing, in the premise of doing a good job in the protection of the epidemic actively promote production and operation.
production base has maintained normal operation, under the adverse effects of the epidemic, through the expansion of sales channels, increase export efforts, to achieve a balance between production and sales, in March the main product sales volume created a record monthly sales.
In addition, china's main products of nuclear titanium white gold-redstone titanium dioxide production and sales increased year-on-year, achieving total operating income of 1.638 billion yuan, down 0.91% year-on-year; total profit of 299 million yuan, up 14.41% year-on-year; net profit attributable to shareholders of listed companies of 245 million yuan, up 14.82% year-on-year.
recently, China Nuclear Titanium White signed the world's largest single-body titanium dioxide production base in the silver market, with a total investment of about 6 billion yuan, in batches to complete 500,000 tons of clean production process resources integrated utilization projects.
This project is the key investment project for the development of green ecological industry, speeding up the transformation of new and old momentum energy, and promoting the construction of "two regions and four bases", which is of strategic significance for further extending the titanium dioxide industry chain, reducing production and operation costs, driving upstream and downstream enterprise development, promoting the industrial transformation and upgrading of silver city and high-quality development.
Among them, the first phase of 100,000 tons completed and put into operation after the formation of assets of about 2 billion yuan, the second phase of the proposed construction capacity of 400,000 tons, the investment scale is expected to be about 4 billion yuan (including titanium dioxide finished product processing project investment), is scheduled to start in October 2020, is expected to complete the "14th Five-Year Plan" period of all investment.
It is learned that after the completion of the comprehensive utilization project of 500,000 tons of clean production process, China Nuclear Titanium White marks the birth of the world's largest single production base of titanium dioxide in the silver market, which will boost the local economy, increase tax revenue and create employment opportunities to bring positive promotion.
and realize and silver local chemical enterprises organic horizontal union, the formation of chemical cycle industry chain.
In the next three to five years, together with the production capacity already formed outside the province, China Nuclear Titanium White will form an annual production capacity of more than 1 million tons, become the world's largest titanium industry high-end manufacturing technology enterprises, and strive to achieve operating income of more than 10 billion, profits and taxes contributed more than 4 billion.
.