Anhui Annada Titanium Industry (002136.SZ) released its 2024 semi-annual report, reporting a revenue of 0.979 billion yuan during the reporting period...
Annada (002136.SZ) disclosed its 2024 semi-annual report today. During the reporting period, the company achieved a revenue of 0.979 billion yuan, a decrease of 8% year-on-year; the net income attributable to the parent company was 45.23 million yuan, a decrease of 29.3% year-on-year; the non-net profit was 44.53 million yuan, a decrease of 29.81% year-on-year; the basic earnings per share was 0.2103 yuan.
The company focuses on cost control, continues to carry out characteristic cost reduction and efficiency improvement activities, insists on fine cost control and management, and optimizes production technology through project construction and technical transformation while improving resource utilization and reducing energy consumption. During the reporting period, the company achieved a production-sales balance of titanium dioxide, with a production volume growth of 6.5%, a sales growth of 3.3%, and an improvement in gross profit margin compared to the same period last year.
During the reporting period, the company continued to research and develop new products, focusing on specialized applications such as photovoltaic backsheet and electrophoretic paint, in order to increase the company's market share in these areas. The optimization of product manufacturing processes and technology upgrades mainly involves researching and developing an aluminum salt calcination promoter treatment process, which effectively reduces product manufacturing costs, enriches the company's product variety and increases the company's profitability.