Chinese Titanium Dioxide Manufacturers’ H1 2023 Performance Overview

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Below are the summarized semi-annual reports recently released by several listed Chinese titanium dioxide manufacturers.

On August 21, Vanadium Titanium Shares (SZ 000629) released its semi-annual performance report in the evening, stating that the operating income for the first half of 2023 was about 7.627 billion yuan, a decrease of 7.53% year-on-year; the net profit attributable to the shareholders of the listed company was about 603 million yuan, a decrease of 43.81% year-on-year; the basic earnings per share was 0.0702 yuan, a decrease of 43.75% year-on-year.

On August 10, GPRO Titanium Industry (000545) announced its semi-annual report for 2023, with an operating income of 1.123 billion yuan during the reporting period, a year-on-year decrease of 18.32%; the net profit attributable to the shareholders of the listed company was -78.4098 million yuan, turning from profit to loss year-on-year; the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was -87.6927 million yuan; the basic earnings per share was -0.0795 yuan.

On August 18, Anada (002136) released its semi-annual performance report in the evening, stating that the operating income for the first half of 2023 was about 1.064 billion yuan, a decrease of 21.48% year-on-year; the net profit attributable to the shareholders of the listed company was about 63.97 million yuan, a decrease of 49.96% year-on-year; the basic earnings per share was 0.2975 yuan, a decrease of 49.96% year-on-year.

On August 25, Anning Shares (002978) announced its semi-annual performance report, stating that the operating income for the first half of 2023 was about 845 million yuan, a decrease of 21.45% year-on-year; the net profit attributable to the shareholders of the listed company was about 444 million yuan, a decrease of 32.34% year-on-year; the basic earnings per share was 1.1074 yuan, a decrease of 32.35% year-on-year.

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Titanium Dioxide

Panzhihua Haifengxin has developed a range of tio2 pigment which is client-oriented and aims to address customer needs in the fields of coating, ink, plastic, paper, and so on.

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