Titanium Dioxide Enterprise's Net Profit Growth Surprisingly in the First Quarter of 2017

In July, domestic chemical companies intensively announced the financial report for the first quarter of 2017, which included operating income, net profit attributable to shareholders of listed companies, net cash flow from operating activities, and earnings per share.

From January to March 2017, China's titanium dioxide enterprise products frequently raised prices. After the Spring Festival, the price increase letter was displayed in front of Xiaobian, and Xiaobian's price increase letter form had been extended. Since February coincides with China's Spring Festival, February began to intensively raise prices after the Lantern Festival. On February 21, there were 11 price-raising letters sorted by HC Chemical Network, and the price increase ranged from 500 yuan to 1,000 yuan.

In March, the price increase letter sorted by HC Chemical Network showed that, in March 31 days, there were actually 19 days to receive a price increase letter, the most crazy is March 29, 12 titanium dioxide enterprises collective price increases. In March, the price increase ranged from 300 to 1,500 yuan. On March 7, the domestic TiAlP price for each type of titanium dioxide in Panzhihua Steel Tire Co., Ltd. shocked the domestic titanium dioxide industry, and also created the entry of titanium dioxide since 2016. The highest price increase since the price increase channel.

the first season. The total price of Ronald’s joint venture was 4 times, and the cumulative price increase was 3,200 yuan/ton. The price increase of Zhonghua Huayuan was 3 times of cumulative price increase of 2,500 yuan/ton, and that of Annada was 3 times, and the cumulative price of rutile type was 2,500 yuan/year. Ton, anatase cumulative price increase of 2200 yuan / ton, Jinpu titanium industry price increase, the cumulative price increase of 1,000 yuan / ton. Therefore, it is not difficult to see that, under the combined effect of raw material cost pressures and national environmental pressures, the high-frequency and high price increase of titanium dioxide seems to have been successful, but such a high cumulative price increase has also made domestic titanium dioxide companies Make a profit.

HC Chemical Network collected the revenue, net profit and earnings per share of four domestic titanium dioxide companies. Through the data in the table, we can see that Longli Lilian’s operating income for the first quarter was 2.35 billion yuan, which was listed on domestic titanium dioxide. The net profit attributable to the shareholders of the listed company was 585 million yuan, an increase of 3,439.02% year-on-year. . Far away from the other three listed companies.

Titanium Dioxide Enterprise's Net Profit Growth Surprisingly in the First Quarter of 2017 (Source: Tencent Finance)

Titanium Dioxide Enterprise Profits in the Second Quarter or Super First Quarter

Ronald Lee said in mid-June that the current orders in hand have been signed in August and are still sufficient. With the onset of the rainy season, the use of downstream industries will be somewhat affected. It is expected that the market price of titanium dioxide will remain stable this summer. Ronald Lee staff said, "The company's production and operation in the second quarter is even better than in the first quarter. From now on, the price of titanium dioxide still has room to rise."

The relevant person in charge of CNI Titanium and White said: “The overall operating status of the company in the second quarter has not changed much compared with the first quarter, and the inventory is also relatively low. The price of titanium dioxide is mainly affected by the supply and demand relationship. From the current demand, it is expected that this year. The price of titanium dioxide should remain high."

Entering the State Council’s Safe Production Committee in July to launch a nationwide inspection of production safety will also have a certain impact on the titanium dioxide business. HC Chemicals expects the market for titanium dioxide to remain high in the second half of the year.