Jun 14, 2021 04:48 PM (GMT+8) · EqualOcean
According to the announcement of longmang Baili, the net profit in the first half of 2021 is expected to be 2.327-2.974 billion yuan, an increase of 80% - 130% year on year. During the reporting period, the company's main product titanium dioxide market was in a strong business cycle, the sales price increased more year-on-year, the utilization rate of existing titanium dioxide capacity improved, especially the company's chlorination capacity was effectively released, although the prices of raw and auxiliary materials also rose sharply, the company's vertical integration of the whole industry chain competitive advantage fully appeared, which promoted the net profit to grow significantly year-on-year.