Core Viewpoint - Anhui Anada Titanium Industry Co., Ltd. reported a significant decline in both revenue and net profit for the first half of 2025 compared to the same period in the previous year, indicating potential challenges in its operational performance [2][3]. Financial Performance - The company's operating revenue for the reporting period was approximately 875.93 million yuan, a decrease of 10.51% from 978.81 million yuan in the previous year [2]. - The net profit attributable to shareholders was a loss of approximately 26.27 million yuan, representing a decline of 158.08% from a profit of 45.23 million yuan in the same period last year [2]. - The net profit after deducting non-recurring gains and losses was approximately -28.14 million yuan, down 163.19% from 44.53 million yuan [2]. - The net cash flow from operating activities was -109.79 million yuan, an improvement of 38.17% compared to -177.56 million yuan in the previous year [2]. Earnings Per Share - Basic earnings per share were reported at -0.1222 yuan, a decrease of 158.11% from 0.2103 yuan [2]. - Diluted earnings per share were also -0.1222 yuan, reflecting the same percentage decline [2]. - The weighted average return on net assets was -2.24%, down from 3.76%, indicating a significant drop in profitability [2]. Assets and Equity - Total assets at the end of the reporting period were approximately 2.09 billion yuan, a slight decrease of 0.39% from 2.10 billion yuan at the end of the previous year [3]. - The net assets attributable to shareholders were approximately 1.15 billion yuan, down 2.04% from 1.17 billion yuan [3]. Shareholder Information - The largest shareholder, Wanhua Chemical Group Battery Technology Co., Ltd., holds 15.20% of the shares, followed by Tongling Chemical Industrial Group Co., Ltd. [4]. - The report indicates that there are no changes in the controlling shareholder or actual controller during the reporting period [4].

Group 1 - The supervisory board of Anhui Anada Titanium Industry Co., Ltd. held its 17th meeting of the 7th session on July 19, 2025, with all three supervisors present for voting [1][2] - The supervisory board reviewed and confirmed that the procedures for the preparation and review of the company's 2025 semi-annual report complied with legal and regulatory requirements, and the report accurately reflects the company's actual situation without any false records or misleading statements [1][2]

第七届董事会第二十次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 安徽安纳达钛业股份有限公司（以下简称"公司"）董事会于 2025 年 7 月 19 日以邮件及送达的方式发出召开第七届董事会第二十次会议通知，2025 年 7 月 决的董事 5 名，实际出席会议参与表决的董事 5 名，会议由公司董事长刘军昌先 生主持，公司监事、高管人员列席了会议。本次会议的召集、召开符合《公司法》 和《公司章程》的有关规定。 证券代码：002136 证券简称：安纳达 公告编号：2025－35 安徽安纳达钛业股份有限公司 《中国证券报》、巨潮资讯网（www.cninfo.com.cn）。 三、备查文件 经与会董事签字并加盖董事会印章的第七届董事会第二十次会议决议 特此公告 安徽安纳达钛业股份有限公司 董 事 会 二 0 二五年七月三十一日 准备》的议案。 公告详细情况见《证券时报》、 二、董事会会议审议情况 告全文及摘要》。 公告详细情况见《证券时报》、 《中国证券报》、巨潮资讯网（www.cninfo.com.cn）。 ...

Core Viewpoint - The company has announced the provision for asset impairment, reflecting a cautious approach to accurately represent its financial status as of June 30, 2025 [1][6][8] Summary by Sections Asset Impairment Provision Overview - The company conducted a comprehensive review of its assets as of June 30, 2025, leading to the decision to recognize potential asset impairment losses [1] - The total amount of asset impairment provisions for the first half of 2025 is approximately 6.17 million [1] Reasons for Asset Impairment Provision - The provision is based on the need to present a true and fair view of the company's asset and financial status, in accordance with accounting standards [1][6] Details of Impairment Provision - Breakdown of impairment provisions includes: - Notes receivable: 45549.45 - Other receivables: 26450.38 - Accounts receivable: -4506331.05 - Inventory: -1735693.23 - Total: -6170024.45 [1] Approval Process - The asset impairment provision was approved by the company's board and supervisory committee, ensuring compliance with relevant regulations [1][6][8] Credit Impairment Losses - The company uses expected credit losses to measure provisions for notes receivable, accounts receivable, and other receivables, regardless of significant financing components [2][4] Inventory Valuation - Inventory is measured at the lower of cost and net realizable value, with provisions made when costs exceed realizable values [5] Impact on Financials - The provision for asset impairment will reduce the net profit attributable to shareholders by approximately 4.86 million, impacting the overall equity [6][8] Opinions from Board and Supervisory Committee - Both the board and supervisory committee agree that the provision is in line with accounting standards and serves the interests of the company and its shareholders [6][8]

Core Insights - The company reported a significant decline in net profit for the first half of 2025, with a net loss of 37,454,548.59 RMB compared to a net profit of 29,805,767.42 RMB in the same period of 2024 [4][5] - Total revenue decreased to 875,930,312.10 RMB, down from 978,805,922.35 RMB in the first half of 2024, indicating a decline of approximately 10.5% [4][5] - The total cost of operations also decreased but at a slower rate, leading to an operating loss of 47,017,395.73 RMB compared to an operating profit of 30,320,226.82 RMB in the previous year [4][5] Financial Position - As of June 30, 2025, total assets amounted to 2,088,735,434.51 RMB, slightly down from 2,096,988,212.97 RMB at the end of 2024 [1][2] - Current assets decreased to 1,148,806,675.81 RMB from 1,203,101,613.10 RMB, primarily due to a reduction in cash and cash equivalents [1][2] - Total liabilities increased to 747,819,275.42 RMB from 722,439,032.99 RMB, reflecting a rise in short-term borrowings and accounts payable [2][3] Cash Flow Analysis - The net cash flow from operating activities was negative at -109,786,949.64 RMB, indicating a deterioration compared to -177,561,767.45 RMB in the first half of 2024 [6][7] - Cash and cash equivalents at the end of the period were 320,402,347.27 RMB, down from 453,997,754.79 RMB at the beginning of the year [7] - The company experienced a net cash outflow from financing activities of -22,157,039.74 RMB, compared to -37,184,800.45 RMB in the same period last year [7]

Core Viewpoint - Anada's 2025 semi-annual report reveals significant declines in both revenue and profit, primarily due to intense competition and reduced demand in the titanium dioxide market [1][2]. Group 1: Financial Performance - In the first half of 2025, Anada reported revenue of 876 million yuan, a year-on-year decrease of 10.51% [1][8]. - The company experienced a net loss of 26.27 million yuan, marking a 158.08% decline compared to the previous year [1]. - Revenue from titanium dioxide products was 575 million yuan, accounting for 65.61% of total revenue, with a year-on-year decline of 19.65% [5][8]. Group 2: Market Conditions - The titanium dioxide market is characterized by significant price volatility influenced by economic cycles, supply-demand dynamics, and market expectations [1]. - The demand for titanium dioxide is closely linked to the development of downstream industries such as real estate, packaging materials, plastics, and automotive [3]. - The real estate sector is currently undergoing a deep adjustment, leading to reduced demand for construction coatings [4]. Group 3: Product Performance - Titanium dioxide's gross margin decreased by 8.49 percentage points to 3.05% in the first half of 2025 [5]. - Phosphate iron revenue increased by 4.23% year-on-year, but its gross margin fell to -6.23% [5][9]. - The price of titanium dioxide products has shown a "high-to-low" trend, with significant price drops observed in the second quarter of 2025 [5][6]. Group 4: Industry Competition - The domestic titanium dioxide market is facing intensified competition and tightening demand from downstream markets [5]. - The phosphate iron market has seen a surge in production capacity, leading to increased competition and reduced profitability for companies [9]. - Anada's phosphate iron product gross margin has dropped significantly from 36.83% in 2022 to negative levels in 2025 [9].

Core Viewpoint - Annada reported a decline in revenue and a net loss for the first half of 2025, indicating financial challenges for the company [2] Financial Performance - The company's operating revenue for the first half of 2025 was approximately 876 million yuan, representing a year-on-year decrease of 10.51% [2] - The net profit attributable to shareholders was a loss of approximately 26.27 million yuan [2] - The basic earnings per share showed a loss of 0.1222 yuan [2]

Group 1 - The company announced the approval of the full text and summary of the 2025 semi-annual report during the 17th meeting of the 7th Supervisory Board [2]

证券日报网讯 7月30日晚间，安纳达发布公告称，公司第七届董事会第二十次会议审议通过了《2025年 半年度报告全文及摘要》等多项议案。 （文章来源：证券日报） ...

Group 1 - The company Annada (SZ 002136, closing price: 10.72 CNY) announced on July 30 that it will recognize an asset impairment provision of approximately 6.17 million CNY for the first half of 2025, which will reduce the net profit attributable to shareholders by about 4.86 million CNY and decrease the equity attributable to shareholders by the same amount [2] - For the first half of 2025, the company's revenue composition is as follows: chemicals account for 96.26%, while other businesses account for 3.74% [2]