2023 Annual reports of several TiO2 enterprises

    Summary: Recently, several listed TiO₂ enterprises released their 2023 annual reports; revenues and net profits of Pangang Vanadium Titanium, Gpro Titanium, and Anhui Annada went down YoY while those of Huiyun Titanium increased YoY.   

    Pangang Group Vanadium Titanium Resources Co., Ltd. (Pangang Vanadium Titanium)   

    In 2023, Pangang Vanadium Titanium achieved revenues of USD2.03 billion (RMB14.38 billion), down by 4.69% YoY; net profits attributed to shareholders of the listed company declined by 21.32% YoY to USD0.15 billion (RMB1.06 billion) mainly because vanadium and titanium product prices dropped during the reporting period.   

    In 2023, Pangang Vanadium Titanium produced around 251,000 tonnes of titanium dioxide (TiO₂) (including around 13,100 tonnes of chloride-process TiO₂), edging up by 3.09% YoY; the company's output of titanium slag mounted up by 3.27% YoY to around 193,400 tonnes.   

    Gpro Titanium Industry Co., Ltd. (Gpro Titanium)   

    In 2023, revenues of Gpro Titanium reached USD0.32 billion (RMB2.26 billion), down by 9.79% YoY; net profits attributed to shareholders of the listed company slipped by 10.64% YoY to -USD22.63 million (-RMB160.67 million).   

    Gpro Titanium produced around 152,400 tonnes of TiO₂ in 2023, inching down by 2.69% YoY and it sold roughly 161,400 tonnes of TiO₂, growing by 6.38% YoY.   

    Anhui Annada Titanium Industry Co., Ltd. (Anhui Annada)   

    Anhui Annada gained revenues of USD0.30 billion (RMB2.11 billion) in 2023, down by 22.22% YoY; net profits attributed to shareholders of the listed company decreased by 75.95% YoY to USD9.23 million (RMB65.50 million).   

    In 2023, Anhui Annada produced around 100,500 tonnes of TiO₂, down by 1.15% YoY; the company's sales volume of the product edged up by 2.29% YoY to approximately 102,500 tonnes; specifically, its TiO₂ export volume hit around 29,000 tonnes in 2023.   

    Guangdong Huiyun Titanium Industry Co., Ltd. (Huiyun Titanium)   

    In 2023, Huiyun Titanium's revenues went up by 9.22% YoY to USD0.23 billion (RMB1.65 billion); net profits attributed to shareholders of the listed company picked up by 189.59% YoY to USD5.78 million (RMB41.04 million).   

    Huiyun Titanium produced around 98,600 tonnes of TiO₂ in 2023, up by 5.26% YoY; the company's sales volume of TiO₂ climbed by 28.16% YoY to roughly 106,900 tonnes.