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又一家钛白粉厂“熄火”!金浦钛业三家子公司连环停产
Shen Zhen Shang Bao· 2026-02-11 00:19
Core Viewpoint - Jinpu Titanium Industry (000545) has announced temporary production halts for its subsidiaries due to financial difficulties and reduced demand for titanium dioxide, with plans to gradually resume operations in 2026 [1][2][3] Group 1: Production Halts - Jinpu Titanium's subsidiary Nanjing Titanium White has ceased acid leaching input and will gradually complete shutdown processes, with a planned resumption of operations in late February 2026 [1] - The company previously announced a complete shutdown of its subsidiary Xuzhou Titanium White, which has an annual capacity of 80,000 tons, accounting for 50% of the company's total titanium dioxide production capacity [1] - Another subsidiary, Anhui Jinpu New Energy Technology, has also temporarily halted production to prevent issues with its sulfuric acid facility, with plans to resume in early March 2026 [2] Group 2: Financial Performance - Jinpu Titanium has been experiencing continuous losses, with revenues declining from 2.51 billion yuan in 2022 to an estimated 2.13 billion yuan in 2024, representing year-on-year decreases of 4.20%, 9.74%, and 5.86% respectively [3] - The net profit attributable to shareholders has also worsened, with losses increasing from 145 million yuan in 2022 to an expected loss of 489 million yuan in 2025, indicating a significant decline in profitability [3] - The company attributes its financial struggles to low sales prices for titanium dioxide, the impact of subsidiary shutdowns on asset value and revenue, and impairment losses on its office building [3] Group 3: Market Response - On February 10, Jinpu Titanium's stock rose by 0.66% to 3.04 yuan, with a current market capitalization of 3 billion yuan [4]