Jinpu Titanium's net profit increased by 135% - 150%, the volume and price of titanium dioxide rose

Jinpu Titanium Industry (000545) announced the 2021 performance forecast.
During the reporting period, the net profit attributable to shareholders of the listed company was 87.
5782 million yuan – 125.
1117 million yuan, an increase of 135% 50% over the same period of the previous year, after deducting non-recurring gains and losses The net profit was 78.
5934 million yuan – 104.
7913 million yuan, an increase of 130%-140% over the same period of the previous year
.

Jinpu Titanium Industry said that during the reporting period, the company's main product titanium dioxide market was in a boom cycle, and the sales price of the product increased significantly compared with the same period of the previous year.
The company's management firmly grasped the upward opportunity of the industry cycle and adjusted marketing in real time according to the market situation.
At the same time, it further strengthens internal management, strictly controls the cost of bulk raw materials, effectively improves operation and management capabilities, and further releases existing production capacity
.

On August 31, 2020, Nanjing Jinpu Dongyu Investment Co.
, Ltd.
(hereinafter referred to as "Dongyu Investment"), a joint-stock company of Nanjing Titanium Dioxide Chemical Co.
, Ltd.
, a wholly-owned subsidiary of the company, entered into a partnership with China National Chemical and Agrochemical Co.
, Ltd.
(hereinafter referred to as "Dongyu Investment").
China Agricultural Chemical”) filed a civil lawsuit to the Beijing No.
1 Intermediate People’s Court for the dispute over the equity transfer
.
On March 15, 2021, Dongyu Investment applied in writing to the Beijing No.
1 Intermediate People's Court to change the claim, and changed the "Judgment to rescind the "Property Rights Transaction Contract" signed by Dongyu Investment and Zhongnong Chemical to "Judgment to revoke Dongyu Invested in the "Property Rights Transaction Contract" signed with Sinoagrichemical, and ordered Sinofarm Chemical to return the equity transfer payment of RMB 1,261,005,946.
76 and compensate for the loss of interest
.
" On November 16, 2021, Dongyu Investment filed an application for withdrawal of the lawsuit to the Beijing No.
1 Intermediate People's Court
.
The Beijing No.
1 Intermediate People's Court issued a civil ruling on November 24, 2021 ((2020) Jing 01 Min Chu No.
324)), allowing Dongyu Investment to withdraw the lawsuit
.

  The company has accrued an investment loss of 240 million yuan for this matter in 2019 and 2020.
Based on the current progress of the matter, after careful consideration, it plans to accrue an investment loss of 80 million yuan in 2021
.