The first annual report of Anning shares: the market is improving, the production and sales growth promotes the leading operation of titanium ore, and the profit doubles

Prior to the news on April 15th, Anning, a leading domestic titanium mining company, released its 2020 annual report.

Prior to the news on April 15th, Anning, a leading domestic titanium mining company, released its 2020 annual report.

Anning's 2020 profit distribution plan is to distribute a cash dividend of 5 yuan for every 10 shares, a total cash dividend of 201 million yuan, and a dividend rate of 28.

Anning Co.

Anning's main business is the mining, selection and sales of vanadium-titanium magnetite.

Charting: Research Institute of Listed Companies in the Financial Industry Source: Financial Report of Anning Shares

In the past two years, Anning shares have seen continuous revenue and performance growth, and the growth rate has also shown an expanding trend.

In the past two years, Anning shares have seen continuous revenue and performance growth, and the growth rate has also shown an expanding trend.

Beginning in 2017, China's supply-side reform has entered the deep water area, which has also had a greater impact on the domestic mining industry.

As far as titanium concentrate is concerned, there is still a big gap between domestic production and demand.

In 2020, due to the impact of the new crown pneumonia epidemic, the tightening of overseas supply of titanium ore, coupled with the steady increase in demand for titanium dioxide, will cause the price of titanium concentrate to rise again, with an annual increase of about 60%.

In terms of internal operations, the "Vanadium-Titanium Magnetite Quality and Efficiency Improvement Project" funded by it has a great impact on the development of Anning.

In addition, it can be seen from the change in the expense ratio of Anning shares that its internal control management has also been greatly strengthened after its listing, and the cost efficiency has improved significantly.

However, looking at the development of Anning shares after its listing on the other hand, there are also bottlenecks in operating extension and business scale expansion.

In the future, how to find a development direction, break through the cyclical risk problem of the resource-based industry, and convert cash and other capital into more efficient and profitable businesses and assets is the main challenge facing Anning shares and whether it can make a leap from a local mining company.
Main development opportunities.