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On the evening of March 30, Lubei Chemical released its 2020 annual report.
In 2020, the company achieved revenue of 2.
931 billion yuan, a year-on-year increase of 5.
91%; net profit attributable to its parent was 202 million yuan, a year-on-year increase of 12.
89%.
The net cash flow from operating activities reached 566 million yuan.
The company's titanium dioxide revenue will account for half of the total revenue in 2020, and it is expanding its production capacity.
It is expected to achieve a production capacity of 260,000 tons in 2022, squeezing into the top five in the industry.
The income of titanium dioxide exceeds half of the main business.
The income of titanium dioxide exceeds half of the main business .
Before 2020, the main products of Lubei Chemical are fertilizers, cement, salt, and methane chloride.
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? The company acquired Jinhai Titanium Industry and Xianghai Titanium Industry in 2020 and entered the titanium dioxide industry.
The company's titanium dioxide operating income reached 1.
417 billion yuan last year, accounting for 51.
67% of the main business income, becoming the company's largest source of revenue.
In 2020, the company produced 133,500 tons of titanium dioxide and sold 123,400 tons, up 7.
66% and 2.
92% year-on-year respectively.
Jinhai Titanium has an annual capacity of over 100,000 tons of sulfuric acid titanium dioxide and is expanding its production line of 100,000 tons of sulfuric acid titanium dioxide.
Xianghai Titanium has effectively mastered the core technology of chlorination titanium dioxide production, and is building a new production line of 60,000 tons of chlorination titanium dioxide.
The company's titanium dioxide products have established good customer relationships with world-renowned companies such as Japan's Kansai Paint and South Korea's KCC Group, and have promoted their business to Japan, South Korea, the Middle East, and Europe.
Jinyi Technology, a subsidiary of the company, is a high-tech enterprise located in Tiandong Jinjiang Circular Economy Industrial Park, Guangxi.
The company has an annual production capacity of 300,000 tons of methane chloride.
It is in the middle and upper reaches of the national methane chloride production enterprises and has a market share.
The rate is about 8%.
The company's salt, cement, and fertilizer sectors have also achieved certain results.
It is expected to enter the top five in the industry in 2022.
Judging from the current layout of Lubei Chemical, the main business has become titanium dioxide.
The company stated that it will strive to form an annual production capacity of 260,000 tons of titanium dioxide in 2022, ranking among the top five in the national titanium dioxide industry.
Titanium dioxide is one of the few products in China's chemical industry that has not been fully marketed.
Under the irreversible environmental protection pressure, no or slight increase in new production capacity is an inevitable general direction.
According to statistics, in 2020, there will be 40 full-process manufacturers in China's titanium dioxide industry with normal production conditions and above scale, with a comprehensive effective production capacity of about 3.
5 million tons/year.
From a global perspective, although it is slightly worse in the field of high-end products, China's titanium dioxide industry is getting stronger, and its voice in the world is getting more and more important.
In 2003, China's titanium dioxide accounted for about 6% of the world, and in 2019 it accounted for 42%, and about 30% were exported to all parts of the world.
In the current industry, the domestic production capacity of more than 200,000 tons are Lomon Baili, China Nuclear Titanium Dioxide, Shandong Dongjia Group, Panzhihua Vanadium and Titanium, with production capacities of 440,000 tons, 330,000 tons, 240,000 tons, and 215,000 tons respectively.
.
The three provinces of Sichuan, Shandong and Guangxi have concentrated the largest number of titanium dioxide manufacturers in my country, accounting for 56% of the country.
Shandong is one of the concentrated areas of titanium dioxide enterprises, and Lubei Chemical will become one of them by acquiring the assets of the controlling shareholder in 2020.
If Lubei Chemical reaches 260,000 tons of production capacity through expansion, it will enter the first echelon in the industry.
In addition to the increase in production capacity, Xianghai Titanium's chlorination method titanium dioxide production process is more in line with the future transformation direction of the titanium dioxide industry.
Lubei Chemical has become one of the few large-scale titanium dioxide manufacturers that combines both sulfuric acid and chlorination production processes.
It is worth noting that in the first half of 2020, the price of titanium dioxide has fallen under the influence of the epidemic, but with the recovery of production and exports after the epidemic, the price of titanium dioxide has been rising all the way.
According to statistics from China Titanium Dioxide Network, from September to December 2020, the price of titanium dioxide increased by 20%.
Since entering 2021, the market price of rutile titanium dioxide has increased from 16,500 yuan/ton in January 2021 to 19,000 yuan/ton in March.
The industry leader, Lomon Baili, just raised the price of titanium dioxide on March 11, and each type of product has increased by 1,000 yuan per ton for various domestic customers.
Lubei Group has set foot in lithium iron phosphate Lubei Group has set foot in lithium iron phosphate.
After the Spring Festival, Lomon Baili and China Nuclear Titanium Dioxide Nuggets New Energy Sector are interested in producing lithium iron phosphate.
In fact, Lubei Group, the controlling shareholder of Lubei Chemical, has already Go ahead.
Waste acid, ferrous sulfate and other titanium dioxide produced in the process, after further processing, can be made into lithium iron phosphate.
Lithium iron phosphate is an important upstream raw material for lithium iron phosphate batteries.
Since last year, the new energy automobile industry has been very hot, the amount of lithium iron phosphate batteries "on the car" has increased significantly, and the price of lithium iron phosphate has risen.
Leading companies in the titanium dioxide industry will soon launch production capacity related to lithium iron phosphate.
Prior to this, Anada has been involved in the production of iron phosphate and has stable downstream customers.
Lomon Baili announced its intention to set foot in lithium iron phosphate after the Spring Festival, and China Nuclear Titanium Dioxide intends to build a project with an annual output of 500,000 tons of lithium iron phosphate.
It is reported that Lubei Group, the controlling shareholder of Lubei Chemical, owns 5,000 tons of iron phosphate and 5,000 tons of lithium iron phosphate production equipment, which has been put into operation in the second half of 2019.
Lubei Group produces iron phosphate through the use of phosphoric acid produced by listed companies and ferrous iron from Jinhai Titanium; and then produces lithium iron phosphate through iron phosphate and lithium carbonate produced by Lubei Group companies.
Industry insiders analyzed that it can be seen from the above analysis that Lubei Group has been at the forefront in the process of titanium dioxide enterprises entering the lithium iron phosphate industry.
In 2020, the company achieved revenue of 2.
931 billion yuan, a year-on-year increase of 5.
91%; net profit attributable to its parent was 202 million yuan, a year-on-year increase of 12.
89%.
The net cash flow from operating activities reached 566 million yuan.
The company's titanium dioxide revenue will account for half of the total revenue in 2020, and it is expanding its production capacity.
It is expected to achieve a production capacity of 260,000 tons in 2022, squeezing into the top five in the industry.
The income of titanium dioxide exceeds half of the main business.
The income of titanium dioxide exceeds half of the main business .
Before 2020, the main products of Lubei Chemical are fertilizers, cement, salt, and methane chloride.
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? The company acquired Jinhai Titanium Industry and Xianghai Titanium Industry in 2020 and entered the titanium dioxide industry.
The company's titanium dioxide operating income reached 1.
417 billion yuan last year, accounting for 51.
67% of the main business income, becoming the company's largest source of revenue.
In 2020, the company produced 133,500 tons of titanium dioxide and sold 123,400 tons, up 7.
66% and 2.
92% year-on-year respectively.
Jinhai Titanium has an annual capacity of over 100,000 tons of sulfuric acid titanium dioxide and is expanding its production line of 100,000 tons of sulfuric acid titanium dioxide.
Xianghai Titanium has effectively mastered the core technology of chlorination titanium dioxide production, and is building a new production line of 60,000 tons of chlorination titanium dioxide.
The company's titanium dioxide products have established good customer relationships with world-renowned companies such as Japan's Kansai Paint and South Korea's KCC Group, and have promoted their business to Japan, South Korea, the Middle East, and Europe.
Jinyi Technology, a subsidiary of the company, is a high-tech enterprise located in Tiandong Jinjiang Circular Economy Industrial Park, Guangxi.
The company has an annual production capacity of 300,000 tons of methane chloride.
It is in the middle and upper reaches of the national methane chloride production enterprises and has a market share.
The rate is about 8%.
The company's salt, cement, and fertilizer sectors have also achieved certain results.
It is expected to enter the top five in the industry in 2022.
Judging from the current layout of Lubei Chemical, the main business has become titanium dioxide.
The company stated that it will strive to form an annual production capacity of 260,000 tons of titanium dioxide in 2022, ranking among the top five in the national titanium dioxide industry.
Titanium dioxide is one of the few products in China's chemical industry that has not been fully marketed.
Under the irreversible environmental protection pressure, no or slight increase in new production capacity is an inevitable general direction.
According to statistics, in 2020, there will be 40 full-process manufacturers in China's titanium dioxide industry with normal production conditions and above scale, with a comprehensive effective production capacity of about 3.
5 million tons/year.
From a global perspective, although it is slightly worse in the field of high-end products, China's titanium dioxide industry is getting stronger, and its voice in the world is getting more and more important.
In 2003, China's titanium dioxide accounted for about 6% of the world, and in 2019 it accounted for 42%, and about 30% were exported to all parts of the world.
In the current industry, the domestic production capacity of more than 200,000 tons are Lomon Baili, China Nuclear Titanium Dioxide, Shandong Dongjia Group, Panzhihua Vanadium and Titanium, with production capacities of 440,000 tons, 330,000 tons, 240,000 tons, and 215,000 tons respectively.
.
The three provinces of Sichuan, Shandong and Guangxi have concentrated the largest number of titanium dioxide manufacturers in my country, accounting for 56% of the country.
Shandong is one of the concentrated areas of titanium dioxide enterprises, and Lubei Chemical will become one of them by acquiring the assets of the controlling shareholder in 2020.
If Lubei Chemical reaches 260,000 tons of production capacity through expansion, it will enter the first echelon in the industry.
In addition to the increase in production capacity, Xianghai Titanium's chlorination method titanium dioxide production process is more in line with the future transformation direction of the titanium dioxide industry.
Lubei Chemical has become one of the few large-scale titanium dioxide manufacturers that combines both sulfuric acid and chlorination production processes.
It is worth noting that in the first half of 2020, the price of titanium dioxide has fallen under the influence of the epidemic, but with the recovery of production and exports after the epidemic, the price of titanium dioxide has been rising all the way.
According to statistics from China Titanium Dioxide Network, from September to December 2020, the price of titanium dioxide increased by 20%.
Since entering 2021, the market price of rutile titanium dioxide has increased from 16,500 yuan/ton in January 2021 to 19,000 yuan/ton in March.
The industry leader, Lomon Baili, just raised the price of titanium dioxide on March 11, and each type of product has increased by 1,000 yuan per ton for various domestic customers.
Lubei Group has set foot in lithium iron phosphate Lubei Group has set foot in lithium iron phosphate.
After the Spring Festival, Lomon Baili and China Nuclear Titanium Dioxide Nuggets New Energy Sector are interested in producing lithium iron phosphate.
In fact, Lubei Group, the controlling shareholder of Lubei Chemical, has already Go ahead.
Waste acid, ferrous sulfate and other titanium dioxide produced in the process, after further processing, can be made into lithium iron phosphate.
Lithium iron phosphate is an important upstream raw material for lithium iron phosphate batteries.
Since last year, the new energy automobile industry has been very hot, the amount of lithium iron phosphate batteries "on the car" has increased significantly, and the price of lithium iron phosphate has risen.
Leading companies in the titanium dioxide industry will soon launch production capacity related to lithium iron phosphate.
Prior to this, Anada has been involved in the production of iron phosphate and has stable downstream customers.
Lomon Baili announced its intention to set foot in lithium iron phosphate after the Spring Festival, and China Nuclear Titanium Dioxide intends to build a project with an annual output of 500,000 tons of lithium iron phosphate.
It is reported that Lubei Group, the controlling shareholder of Lubei Chemical, owns 5,000 tons of iron phosphate and 5,000 tons of lithium iron phosphate production equipment, which has been put into operation in the second half of 2019.
Lubei Group produces iron phosphate through the use of phosphoric acid produced by listed companies and ferrous iron from Jinhai Titanium; and then produces lithium iron phosphate through iron phosphate and lithium carbonate produced by Lubei Group companies.
Industry insiders analyzed that it can be seen from the above analysis that Lubei Group has been at the forefront in the process of titanium dioxide enterprises entering the lithium iron phosphate industry.
