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A surge in receivables capital of China's largest titanium products enterprises

Oct.30 2019      Source:Net

Keywords:Ti Metal

BaoTi Co., Ltd. (600456. SH), China's largest titanium product company, disclosed its third quarterly report on the evening of October 16.

In the first three quarters of 2019, BaoTi achieved an operating revenue of 3.205 billion yuan, a year-on-year increase of 24.37%; and a net profit of 170 million yuan, a year-on-year increase of 75.67%, attributable to shareholders of listed companies.

The growth of performance is related to the increase of production, sales and price of titanium products.

In the first three quarters of 2019, the company's titanium production was 17500 tons, an increase of 69.72% year-on-year; the sales volume was 17400 tons, an increase of 72.91% year-on-year.

In recent days, the price of sponge titanium in China has remained at 78000 yuan / ton, up 17.3% from the price of 66500 yuan / ton at the beginning of the year.




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