On
9 May, 2016, Guangdong Huiyun Titanium Industry Co., Ltd. (Guangdong Huiyun)
officially applied for entry into the New Third Board (National Equities
Exchange and Quotations for small and medium-sized enterprises).
According to the company, its financial performance in 2014 and 2015 was:
-
Revenue:
+USD94.32 million (+RMB609 million) in 2014 and +USD88.13 million (+RMB569
million) in 2015
-
Net
profit: +USD22,705 (+RMB146,600) in 2014 and -USD3.14 million (-RMB20.30
million) in 2015
Founded on 28 Sept., 2003 with a registered capital of USD46.46 million (RMB300
million), Guangdong Huiyun is engaged in the R&D, production and sale of TiO2. Currently, it has nearly 1,000 employees and is capable of the
following production capacities:
-
TiO2:
55,000 t/a (including 15,000 t/a anatase TiO2 and 40,000 t/a
rutile TiO2)
-
Sulfuric
acid: 450,000 t/a
-
Calcium
sulfate: 220,000 t/a
-
Anhydrous
ferrous sulfate: 180,000 t/a
Zhong Zhenguang, president of Guangdong Huiyun and Wang Jinxiu, president of
Huizhou Jinxiu Paper Co., Ltd. directly and indirectly hold 43.56% of shares in
the company, making them the joint actual controllers of the company.
Guangdong Huiyun's knock-out products are its self-developed Baiyuying brand
sulfate grade TiO2, chiefly including:
- Rutile TiO2
-
R-668
(for industrial paints)
-
R-666
(for plastics)
-
R-K95
(for plastics)
-
R-18
(for latex paints)
- Anatase TiO2
-
HTA-301
(for water-based paints)
-
HTA-201
(for general use)
- Food grade TiO2
- Electronic grade TiO2
By
relying on its consistent product quality, Guangdong Huiyun has enjoyed a good
reputation in the domestic market for a long time. What's more, its
self-innovated complete circular economy (pyrite - sulfuric acid- TiO2 - gypsum - cement) has been regarded as a model of environmentally friendly
development in the domestic TiO2 industry.
At present, during the production of sulfate grade TiO2, Guangdong
Huiyun has achieved an acidolysis ratio of over 98% and increased its titanium
recovery rate by more than 1.7%. Given Guangdong Huiyun's production capacity,
this will help the company to save about 2,040 tonnes of titanium ore, 3,200
tonnes of sulfuric acid, 2,400 tonnes of standard coal, 800,000 m3 of water and cut 2,800 tonnes of sulfur dioxide emissions annually.
If Guangdong Huiyun is accepted into the New Third Board, it will become the
fifth listed company (unofficially) engaged in the TiO2 business,
and CCM believes that its financing channels will be greatly enriched, helping
it to carry out its production capacity expansion or merger and acquisition
(M&A) plans.
Additionally, after entering the New Third Board, Guangdong
Huiyun will be required to disclose operational information, which should
improve its brand awareness.
It is interesting to note that all the M&As and production capacity
expansions which have taken place within the TiO2 industry since
2014 have occurred within or between listed companies. For example, Henan
Billions Chemicals Co., Ltd. acquired Sichuan Lomon Titanium Co., Ltd.; CNNC
Hua Yuan Titanium Dioxide Co., Ltd. acquired Wuxi Haopu Titanium Co., Ltd. and
Xuzhou Titanium Dioxide Chemical Co., Ltd., a subsidiary of Jilin GPRO Titanium
Industry Co., Ltd., put a new production line into operation.
This article comes from Titanium Dioxide China Monthly Report 1605, CCM
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Tag: TiO2