Longbai Group's net profit in the first half of the year increased by 88% to deploy new energy industry

On the evening of August 23, Longbai Group released the 2021 semi-annual report
.
In the first half of the year, Longbai Group achieved operating income of 9.
838 billion yuan, a year-on-year increase of 55.
53%; net profit attributable to shareholders of listed companies was 2.
435 billion yuan, a year-on-year increase of 88.
33%
.


Longbai Group stated that the company seizes favorable market opportunities, expands production and sales, and increases the utilization rate of titanium dioxide production capacity, especially the effective release of chlorination production capacity
.
Although the prices of raw and auxiliary materials have also risen sharply, the company's vertical integration of the entire industry chain has fully demonstrated its competitive advantages, prompting a significant year-on-year increase in the company's net profit
.
At the same time, the company has strengthened internal management, grouped and unified management in procurement, sales, finance, etc.
, effectively improved the efficiency of operation and management, made full use of the advantages of economies of scale that have been formed, continued to promote technological innovation, and created a vertically integrated and horizontally coupled system.
Unique core technology advantages, continue to promote production benchmarking management, reduce costs and increase efficiency, and improve profitability
.

  Longbai Group's deployment in the new energy industry and expansion of new frontiers of business have attracted market attention
.
During the reporting period, the company acquired 100% of the shares of Henan Zhongtan New Material Technology Co.
, Ltd.
, and took advantage of the talent and technology advantages of China Carbon New Materials to enter the graphite anode industry and formally enter the new energy field; the company plans to cooperate with Hubei Wanrun New Energy Technology Co.
, Ltd.
established a joint venture company in Nanzhang County, Hubei to build a 100,000-ton iron phosphate project, which was submitted to the board of directors for approval on July 25, 2021.
Three new energy projects were planned: 200,000-ton battery material grade per year.
The iron phosphate project, the industrialization project of lithium ion battery materials with an annual output of 200,000 tons, and the artificial graphite anode material project with an annual output of 100,000 tons of lithium ion batteries have been submitted to the board of directors for approval on August 12, 2021.
Full implementation
.

  The company is headquartered in the western industrial agglomeration area of ​​Jiaozuo, Henan.
It is a large inorganic fine chemical group mainly engaged in the production and sales of titanium dioxide, titanium sponge, zirconium products and sulfuric acid.
It is the largest titanium dioxide company in Asia
.
At present, China's titanium dioxide industry has entered a new normal of development.
It is in the process of transformation and upgrading of sulfuric acid titanium dioxide to chloride titanium dioxide industry.
Product quality has been steadily improved, technological breakthroughs have been made, and the gap with the international titanium dioxide giants has gradually narrowed
.
Since its listing in 2011, Longbai Group has adhered to a two-wheel-driven development model of mergers and acquisitions expansion and endogenous growth.
In 2016, it acquired Sichuan Longman Titanium Industry Co.
, Ltd.
, in 2019, it acquired Yunnan Metallurgical Xinli Titanium Industry Co.
, Ltd.
, and established a holding company in 2020.
Subsidiary Gansu Detong National Titanium Metal Co.
, Ltd.
also bid for the assets of Jinchuan Group Co.
, Ltd.
Titanium Plant.
During the reporting period, a wholly-owned subsidiary Henan Baili New Energy Materials Co.
, Ltd.
and its subsidiaries were established to actively deploy the new energy battery sector.
, Formed a management model centered on the group headquarters, and the seven major production bases are integrated, covering the vertical expansion of mining, titanium dioxide, titanium metal and the horizontal expansion of zirconium products, scandium products, smart equipment manufacturing, and new energy battery materials.
Seven plates
.