Longbai Group Produced 14848 Tons Of Sponge Titanium in 2021, An Increase Of 63%

Longbai group issued a performance announcement for 2021. During the reporting period, the company achieved an operating revenue of 20.566 billion yuan, a year-on-year increase of 45.77%; The total profit was 5.519 billion yuan, a year-on-year increase of 95.70%; The net profit attributable to shareholders of listed companies was 4.676 billion yuan, a year-on-year increase of 104.33%.

In 2021, the global economy recovered, and the demand for titanium dioxide, sponge titanium and other products was strong. The market of titanium dioxide and sponge titanium, the company's main products, was in a boom cycle, and the sales price increased significantly year-on-year. The utilization rate of the existing titanium dioxide and sponge titanium production capacity was improved, especially the production capacity of titanium dioxide by chlorination was effectively released.

Production and sales of titanium dioxide: 902200 tons of titanium dioxide were produced in 2021, with a year-on-year increase of 10.41%, including 646100 tons of titanium dioxide produced by sulfuric acid method, with a year-on-year increase of 6.86%, 256200 tons of titanium dioxide produced by chlorination method, with a year-on-year increase of 20.52%; A total of 877800 tons of titanium dioxide were sold, with a year-on-year increase of 5.46%, of which domestic sales accounted for 51%, international sales accounted for 49%, 621200 tons of titanium dioxide by sulfuric acid method, with a year-on-year decrease of 2.75%, and 256600 tons of titanium dioxide by chlorination method, with a year-on-year increase of 32.52%.

Production and sales of sponge titanium: in 2021, 14848 tons of sponge titanium were produced, with a year-on-year increase of 63.14%, and 14001 tons of sponge titanium were sold, with a year-on-year increase of 71.6%. Other products: 4.2515 million tons of iron concentrate were produced, with a year-on-year increase of 11.47%, and 1.006 million tons of titanium concentrate were produced, with a year-on-year increase of 10.86%. All of them were used internally, effectively ensuring the supply of raw materials of the company.