ANDTY(SZ:002136)2022-11-21 15:46Group 1: Project Developments - The subsidiary Tongling Nanyuan Technology's battery-grade iron phosphate expansion project has an annual production capacity of 50,000 tons, with the second phase expected to reach production in October 2021 [2] - The cooperation project with Hunan Youneng has passed environmental evaluation and is currently in the site preparation phase, with a construction period of approximately 12 months once government approvals are completed [2] Group 2: Market Competition and Industry Trends - The investment in iron phosphate projects by various titanium dioxide and phosphorus chemical companies is expected to intensify market competition by around 2023 [2] - The company has advantages in raw material supply, technology reserves, and cost, positioning it well against competitors in the iron phosphate market [2] Group 3: Pricing and Financial Aspects - The price of iron phosphate has been rising rapidly due to increased raw material costs, with the company adopting a fast-moving operational strategy to manage inventory [3] - The total investment for the 50,000-ton iron phosphate cooperation project with Hunan Youneng is 250 million yuan, funded through a combination of shareholder contributions and self-raised funds [3] Group 4: Titanium Dioxide Market Insights - The price of titanium dioxide is currently at historical highs, driven by rising raw material costs, with steady demand expected to increase in the future [3] - The company does not have plans to expand titanium dioxide production capacity due to regional and environmental constraints [3] Group 5: Chlorination Process Development - The domestic chlorination process for titanium dioxide production is gradually improving, with the company monitoring developments to prepare for future advancements [3]