Dragonmill achieves revenue of 11.359 billion chloride titanium dioxide release in 2019

the solid production and sales of titanium dioxide has significantly improved the full-year results in line with expectations
LongyuLi sales of sulfuric acid titanium dioxide 5578 million tons in 2019 increased 6.06% year-on-year, 675 million tons of chlorpyrifos titanium dioxide 675 million tons YoY, but due to the same price of titanium dioxide market price decreased by about 8.58% YoY (0.17%) the company's titanium white powder business revenue decreased by 0.59% YoY (0.17%)Longyu Li mineral products business including iron concentrate and titanium concentrate 2019 the company actively dredging iron ore sales channels product volume increased ore business revenue by 92.62% year-on-year gross margin increased 11.38 percentage points to promote the company's performance2019 the company completed the acquisition of xinli titanium industry and realized the full resumption of the new titanium industry to form a sponge titanium production capacity of 10,000 tons of high titanium slag capacity of 80,000 tons of chlorinated titanium white production capacity of 60,000 tons of full-year profit of about 39.2 million; The acquisition of 300 million Oriental Minye (6.290.193.11%) 15.66% of the equity investment through The Orient Yiye, on the one hand, is conducive to the integration of the company's original tantalum business on the other hand will also help the company to acquire overseas high-quality titanium resourcesthe amount of chlorinated titanium dioxide in that "quantity, price, cost" three aspects have development space
Longyu Li 200,000 tons of titanium chloride white project has been completed and put into operation products have successfully entered the PPG and other international enterprise supply chain, while the new 60,000 tons of production capacity will also gradually release the chlorine-type titanium white release in thatThe company also actively promote panxi 500,000 tons of titanium concentrate upgrade conversion project and coking 200,000 tons of synthetic redstone project will achieve the domestication of the chlorinated titanium dioxide raw materials for the company's chlorinated titanium dioxide to create a huge cost advantageIn addition to the original coating field, the company has carried out the development of color master special titanium white in the future downstream high-end market development will continue to enhance the added value of the company's productsearnings forecast and investment ratingforecast that the net profit of Longyu li in 2020-2022 is 30.72, 41.27, 4892 million current share price corresponding to PE 9, 7 and 6 times