In my country's titanium industry, titanium dioxide production accounts for more than 90%. Among many titanium dioxide production companies, China Nuclear Titanium Dioxide's titanium dioxide production ranks second in the country and sixth in the world. It is the largest titanium dioxide manufacturer in my country. A leading company in the white powder industry. In 2020, the company adjusted its sales plan in a timely manner to avoid the impact of the COVID-19 epidemic on the industry, and its revenue reached a record high. During the "14th Five-Year Plan" period, the company put forward the planning concept of "vertical improvement and horizontal circulation" and strived to build the world's most competitive "titanium dioxide production base and lithium iron phosphate production base".
Main listed companies in the titanium industry: Jinpu Titanium Industry (000545), Annada (002136), CNNC Titanium Dioxide (002145), Longbai Group (002601), Huiyun Titanium Industry (300891), Tianyuan Co., Ltd. (002368), Lubei Chemical Industry (600727), Panzhihua Iron and Steel Vanadium Titanium Co., Ltd. (000629), Baoti Co., Ltd. (600456), Western Materials (002149), and Western Superconducting (688122).
The core data of this article: China Nuclear Titanium Dioxide’s titanium dioxide production, gross profit margin level, production proportion, etc.
1. Comprehensive comparison of leading enterprises in China's titanium industry
Titanium dioxide is the product with the highest production and sales volume in my country's titanium industry. Over the past few decades, the market size has continued to grow. At present, the leading companies in China's titanium dioxide market are Longbai Group and China Nuclear Titanium Dioxide. In 2020, the titanium dioxide production of Longbai Group and China Nuclear Titanium Dioxide reached 817,200 tons and 317,600 tons respectively, ranking first in China's titanium dioxide production respectively. One and two.
2. China Nuclear Titanium Dioxide: Layout History of Titanium Dioxide Business
The company’s main product is high-grade rutile titanium dioxide, which is widely used in coatings, plastics, rubber, inks and papermaking, etc. field. CNNC Titanium Dioxide was established in 1989 and successfully produced rutile titanium dioxide in 1995. It was listed on the Shenzhen Stock Exchange in 2007. After years of development, the company’s rutile titanium dioxide production capacity has reached nearly 400,000 tons, ranking second in the country and the world’s largest. sixth.
3. CNNC Titanium Dioxide: Titanium Dioxide Business Layout and Operation Status
——Titanium Dioxide Production Situation: Domestic output ranks second, and market share continues to grow
< p> From 2015 to 2020, China Nuclear Titanium Dioxide’s titanium dioxide production showed a fluctuating growth trend. In 2015, the company’s titanium dioxide production reached 172,400 tons. In 2020, the production increased to 317,600 tons, nearly doubling in six years.According to statistics from the Titanium Dioxide Branch of the National Chemical Industry Productivity Promotion Center and the Secretariat of the Titanium Dioxide Industry Technology Innovation Strategic Alliance, in 2020, all 42 full-process titanium dioxide production enterprises in the country produced various types of titanium dioxide and related products. The comprehensive product output was 351 tons, an increase of 330,000 tons compared with 2019, an increase of 10.39%. From 2015 to 2020, my country's titanium dioxide production increased from 2.32 million tons to 3.51 million tons in 2020, an increase of more than 50%.
Judging from the output of my country's titanium dioxide manufacturers in 2020, my country's titanium dioxide market is currently highly concentrated, with the combined output of the top two titanium dioxide manufacturers accounting for 32%. Among them, the output of Longbai Group accounts for the highest proportion, reaching 23%; the output of China National Nuclear Titanium Dioxide accounts for the second, reaching 9%.
Judging from the changes in the market share of China Nuclear Titanium Dioxide from 2015 to 2020, the company’s production proportion was relatively flat from 2015 to 2018, about 7%-8%. Starting from 2018, the company’s The market share of titanium dioxide products has grown steadily, reaching 9% in 2020.
——Titanium dioxide sales: sales continue to rise, mainly sulfuric acid titanium dioxide
From 2015 to 2020, the company's titanium dioxide sales showed a fluctuating growth trend. In 2020, the company's titanium dioxide sales reached 319,900 tons, a year-on-year increase of 26.96%. With the annual production of the subsidiary Dongfang Titanium Industry's 100,000 tons rutile titanium dioxide resource comprehensive utilization project at full capacity, the company's production capacity and output continue to expand. Sales are also gradually opening up.
——Titanium dioxide-related patents: Possessing domestic leading titanium dioxide patented technology
The company has mobilized the enthusiasm and creativity of scientific and technological personnel and corporate employees by establishing an assessment and incentive mechanism. In recent years, , *** has obtained 19 authorized invention patents and 62 authorized utility model patents. Many titanium dioxide-related patents are domestically leading, creating good economic and social benefits for the company.
The company also introduced advanced technology from Europe and the United States, fully digested and absorbed the introduced technology, and occupied a certain comparative advantage in the same industry. For example, in cooperation with TZMI, it introduced tetrachlorine Titanium double-effect crystal seed technology, imported first-class packaging machines and roller mills from Germany, flash dryers from Denmark, sand mills from Switzerland, etc., through grafting production processes, we have created automation that is ahead of the rest of the industry. production system.
4. China National Nuclear Titanium Dioxide: Timely adjustments to sales strategies, and revenue in 2020 bucked the market trend and hit a new high
Judging from China National Nuclear Titanium Dioxide’s titanium dioxide revenue, the company’s titanium dioxide White powder business revenue showed a fluctuating growth trend, with only a decline in 2018. Product revenue increased from 1.500 billion yuan in 2015 to 3.692 billion yuan in 2020, an increase of nearly 1.5 times.
In 2020, the global titanium dioxide industry suffered setbacks due to the impact of the epidemic. However, the company adjusted its sales strategy in the first quarter, increased export sales and strengthened cooperation mechanisms with foreign trade customers, avoiding the impact of the peak of the domestic epidemic on the industry. ; Then in the second quarter, both domestic and foreign countries suffered from the epidemic. The domestic epidemic showed signs of improvement first. The company adjusted its sales focus, increased domestic sales and improved the cooperation model with dealers. Through reasonable deployment, the company's revenue reached a new high and its profitability also improved. Operating profit reached 557 million yuan, an increase of 16.15% compared with 2019.
Judging from the gross profit margin level of China Nuclear Titanium Dioxide’s titanium dioxide products, the product gross profit margin continued to grow from 2015 to 2017, and the products became more mature. The improvement of the industrial chain and technological innovation helped the gross profit margin increase. After 2017, as market competition intensified, the gross profit margin level fluctuated and declined. In 2020, the gross profit margin of the company's titanium dioxide products will reach 26.59%, but it is still at a relatively good level in the industry.
5. CNNC Titanium Dioxide: Titanium Dioxide Business Development Plan
The company attaches great importance to the sustainable development of the enterprise, focusing on the relevant program points of the "14th Five-Year Plan" and combining the company's business status and Characteristics, it proposes strategic means of endogenous growth and external mergers and acquisitions, focusing on the three major business sectors of "resources, titanium chemicals, and new materials", comprehensively deploying the upstream and downstream of the industrial chain, creating a green circular industrial economy, and building the world's most competitive The overall development plan of the "Titanium Dioxide Production Base and Lithium Iron Phosphate Production Base" during the "14th Five-Year Plan" period.
Specifically, the company will build on the existing 100,000 tons of crude titanium dioxide production capacity of its wholly-owned subsidiary Dongfang Titanium Industry, and collaborate with chemical enterprises in Baiyin City to form a "*** production *** win" A closed loop of the circular economy industry, creating a complementary and industrial circular development of chemical enterprises in the region, realizing on-site conversion and digestion of local waste acids, waste residues, hazardous chemicals, solid waste, etc., and building a combination of enterprise recycling, park recycling, and industrial recycling The comprehensive utilization base of silver resources is designed and implemented mainly around the concept of "vertical improvement and horizontal circulation".
The above data refers to the "China Titanium Industry Development Prospects Forecast and Investment Strategy Planning Report" by the Qianzhan Industry Research Institute.