Group 1 - Venator has closed its German plant and suspended production in Asia due to financial difficulties, with an annual titanium dioxide production capacity of 650,000 tons, accounting for approximately 6.6% of global capacity [1] - The shutdown of overseas titanium dioxide enterprises is expected to improve the global supply-demand balance for titanium dioxide [1] - The company has adjusted its profit forecasts for 2025-2027, expecting net profits of 2.838 billion (-6.82%), 3.525 billion (-11.62%), and 4.324 billion (-9.61%) yuan, with corresponding EPS of 1.19 (-0.29), 1.48 (-0.48), and 1.81 (-0.40) yuan [1] Group 2 - The domestic titanium dioxide industry operating rate was 60.68%, a decrease of 4.21% week-on-week, indicating a decline in overall industry load [1] - Domestic titanium dioxide production inventory decreased by 1.72% week-on-week, with some major manufacturers halting production, leading to expectations of rising prices due to reduced supply [1] - The company is actively promoting its internationalization strategy in response to anti-dumping investigations in the EU, Brazil, and India, aiming to expand its overseas market share [2] Group 3 - The company is enhancing upstream raw material security and advancing two key projects: the joint development of the Hongge North Mine and the development of the Xujia Gou Iron Mine, which are expected to increase mining capacity in the future [2]