天原股份：上半年净利润增长48.65%

Core Viewpoint - Tianyuan Co., Ltd. reported a revenue of 5.668 billion yuan and a net profit of 16.6385 million yuan for the first half of 2025, marking a year-on-year growth of 48.65% in net profit [1] Group 1: Business Strategy and Operations - The company is in its second foundational year of a three-year expansion plan, focusing on building strong industrial profitability and operational capabilities [1] - The "Double 1000" plan for titanium dioxide aims to promote product differentiation and high added value [1] - The company is implementing a "dual mining overseas" strategy to enhance resource security and value creation by actively sourcing or outsourcing in regions rich in lithium and titanium resources [1] Group 2: Investment Projects - The construction of the second workshop for the 100,000-ton lithium iron phosphate cathode material project has been completed, and trial production is beginning [2] - The company is investing in a 60,000-ton sulfuric acid project to integrate with titanium dioxide production, achieving zero carbon consumption in titanium dioxide production [2] - A 60MW/120MWh user-side energy storage system is being developed to reduce electricity costs for the company [2] Group 3: Green Development Initiatives - The company plans to invest approximately 10.659 million yuan in the Dingjia Phosphate Mine green mining project, with a designed production capacity of 900,000 tons per year [3] - An investment of about 18.481 million yuan is allocated for a project to recycle chlorination titanium dioxide tailings, which will lower production costs and reduce environmental risks [3]