Yibin Tianyuan (SZ:002386)2022-11-22 02:56Group 1: Production Capacity and Projects - The company has completed the first phase of the chlorination titanium dioxide project with an annual production capacity of 50,000 tons, and the second phase is under construction, expected to be completed by the end of July 2021 [2][3] - The company aims to enhance its market competitiveness by improving production capacity and product quality through the experience and technology accumulated from the first phase [3] Group 2: Raw Material Supply and Cost Management - The company is accelerating the localization of raw materials, aiming to increase the proportion of domestic raw materials while ensuring quality and reducing costs [3] - Collaboration is ongoing with domestic and foreign titanium ore companies to secure raw material supply through long-term agreements and potential investments [3] Group 3: Strategic Projects and Market Performance - Tianyi Company, a key strategic project, has seen significant market expansion, with profits doubling compared to 2019, and is expected to contribute positively to the company's overall performance [3] - The company signed a comprehensive strategic cooperation agreement with Yibin Lithium and CATL for the period 2021-2030, which is crucial for the development of the lithium battery industry [3] Group 4: Impact of Market Conditions - The company’s integrated supply chain for calcium carbide and chlor-alkali products mitigates the impact of rising calcium carbide prices, with over 80% of production needs met by its own supply base [4] - The company maintains a low energy consumption level for its main products, which helps sustain its position as an industry leader in energy efficiency [4]