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On the evening of March 10, 2025, CNNC Titanium White released its 2024 annual report, showing remarkable performance with both revenue and net profit growth rates exceeding 30%, attracting high attention from the market.
The report shows that CNNC Titanium White’s operating revenue in 2024 reached 6.875 billion yuan, hitting a record high, with a year – on – year growth of 38.98%; the net profit was 565 million yuan, a year – on – year increase of 34.84%. The net cash flow generated from the company’s operating activities was approximately 343 million yuan, an increase of over 200% compared to 2023, indicating a high gold content of net profit.
In the titanium dioxide business, due to factors such as the capacity release of its subsidiary Dongfang Titanium Industry, in 2024, the sales volume of CNNC Titanium White’s titanium dioxide business increased by 33.44% year – on – year, reaching 428,400 tons, and the operating revenue reached 5.837 billion yuan, a growth of 35.31% compared to 2023. In the phosphor – chemical business, due to factors such as the completion of the technical transformation of 90,000 – ton/year yellow phosphorus by its subsidiary Xintianxin Chemical, the company’s phosphor – chemical business grew rapidly in 2024, with the operating revenue reaching 572 million yuan, a growth of 582.77% compared to 2023. Among them, 258,600 tons of phosphate rock were sold externally, achieving an operating revenue of 206 million yuan; the sales volume of yellow phosphorus was 19,200 tons, achieving an operating revenue of 391 million yuan.
The growth of CNNC Titanium White is mainly due to the company’s management’s advanced strategic planning and strong strategic implementation and execution capabilities. The company plans to focus on the four major business sectors of “resources, chemicals, new materials, and new energy” through the strategic means of “internal growth and external mergers and acquisitions”, comprehensively layout the upstream and downstream of the industrial chain, and build a “sulfur – phosphorus – iron – titanium – lithium” green circular industrial economy. In 2023, the company acquired phosphate rock mining and processing enterprises with tens of millions of tons of proven reserves and yellow phosphorus production enterprises, accelerated the construction of green circular industrial economy investment projects, and formed a leading production capacity scale of new energy chemical materials such as titanium dioxide, phosphate rock, yellow phosphorus, and iron phosphate in the industry. Currently, the existing production capacity of titanium dioxide is nearly 550,000 tons/year, with a planned capacity of 700,000 tons/year; the existing production capacity of phosphate rock is 500,000 tons/year; the existing production capacity of yellow phosphorus is 120,000 tons/year; the existing production capacity of iron phosphate is 100,000 tons/year, with a planned capacity of 500,000 tons/year.
Looking ahead to 2025, CNNC Titanium White plans to complete the production and sales of over 50,000 tons of yellow phosphorus and 480,000 tons of titanium dioxide, forming a favorable growth expectation for operating revenue and profits. With the company’s continuous efforts in market value management, investors’ confidence will continue to strengthen, and the company’s valuation is expected to be further enhanced.