Summary: Several TiO2 enterprises announced their performance for Q3. 2021; specifically, both revenues and net profits of LB Group, CNNC TD and Anhui Annada grew YoY.
LB Group Co., Ltd. (LB Group)
On 26 Oct., 2021, LB Group revealed its quarterly report for Q3 2021, showing that its revenues in Q1–Q3 2021 hit USD2.36 billion (RMB15.27 billion), up by 54.25% YoY; net profits attributed to shareholders of the listed company reached USD592.84 million (RMB3.83 billion), up by 96.48% YoY. In July–Sept. 2021, LB Group's revenues hit USD846.70 million (RMB5.47 billion), up by 51.24% YoY; net profits attributed to shareholders of the listed company rose by 112.51% YoY to USD216.70 million (RMB1.40 billion). LB Group said that its revenues increased significantly in the first three quarters this year mainly because its sales volume and prices of titanium dioxide (TiO2) ascended.
Anhui Annada Titanium Industry Co., Ltd. (Anhui Annada)
On 23 Oct., Anhui Annada disclosed its Q3 2021 report. In Q1–Q3 2021, Anhui Annada achieved revenues of USD224.44 million (RMB1.45 billion), up by 87.91% YoY; net profits attributed to shareholders of the listed company reached USD19.96 million (RMB128.92 million), up by 152.55% YoY. Specifically, in Q3 2021, Anhui Annada's revenues climbed by 87.59% YoY to USD84.00 million (RMB542.67 million); net profits attributed to shareholders of the listed company went up by 203.76% YoY to USD6.63 million (RMB42.85 million). The company said that its revenues mounted up YoY in Jan.–Sept. 2021 mainly because of increase in both sales volume and product prices.
CNNC Hua Yuan Titanium Dioxide Co., Ltd. (CNNC TD)
On 22 Oct., CNNC TD released its quarterly report for Q3 2021. During the first three quarters this year, CNNC TD's revenues attained USD616.06 million (RMB3.98 billion), up by 46.77% YoY; net profits attributed to shareholders of the listed company picked up by 181.37% YoY to USD154.79 million (RMB1.00 billion). In Q3 2021, CNNC TD's revenues edged up by 27.63% YoY to USD213.61 million (RMB1.38 billion); net profits attributed to shareholders of the listed company registered USD53.40 million (RMB345.01 million), up by 211.16% YoY. CNNC TD said that swelling sales volume and prices of TiO2 contributed to the YoY increase of its revenues in Q1–Q3.
Yibin Tianyuan Group Co., Ltd. (Yibin Tianyuan)
Yibin Tianyuan announced its performance for Q3 2021, showing that in Jan.–Sept., its revenues dropped by 20.19% YoY to USD1.95 billion (RMB12.61 billion); net profits attributed to shareholders of the listed company skyrocketed by 3,090.52% YoY to USD75.78 million (RMB489.55 million). Specifically, in Q3 2021, Yibin Tianyuan's revenues hit USD577.36 million (RMB3.73 billion), declining by 47.49% YoY; net profits attributed to shareholders of the listed company surged by 205.35% YoY to USD27.64 million (RMB178.55 million). Yibin Tianyuan said that its net profits soared in the first three quarters mainly because of growth in operation gains.
Source:CCM
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