On the evening of October 21, China Nuclear Titanium Dioxide (hereinafter referred to as the "Company") disclosed its third-quarter report.
CNNC Titanium Dioxide stated that this year the company will closely focus on the annual plan, seize opportunities, optimize product structure, accelerate the pace of technological innovation, deepen revenue and reduce expenditure, reduce costs and increase efficiency, and actively respond to the new situation, new environment and new policies .
China Nuclear Titanium Dioxide plans to donate 11 million yuan
On the same day, CNNC Titanium Dioxide issued an announcement stating that in order to implement the decision and deployment of the Party Central Committee and the State Council on winning the fight against poverty, to further give play to the role of listed companies in serving the country’s poverty alleviation strategy, actively fulfill the social responsibilities of listed companies, and help rural areas in Baiyin City.
Downstream coating companies followed up with grievances
China Nuclear Titanium Dioxide has made a lot of money, and its shots are also quite generous, thanks to the strong prosperity of the titanium dioxide industry
Judging from the three quarterly reports released one after another, listed companies such as Longbai Group, China Nuclear Titanium Dioxide, and Ananda have all made a lot of money due to the price increase of titanium dioxide
The coating industry is the largest user of titanium dioxide, and the consumption of titanium dioxide in the coating field accounts for 60% of the consumption in the application field of titanium dioxide
In the first half of this year, most of the coating companies achieved revenue growth, but the net profit and gross profit margin have been adversely affected by the sharp increase in raw material prices since the beginning of this year
In the face of today's environment, in addition to adjusting the structure to reduce internal consumption, coating companies have passed the cost pressure to the terminal by means of price increases, which is really helpless