Huiyun Titanium's net profit in the first half of the year dropped by 79%, and the two raised funds in 2020 totaled 854 million yuan

Beijing, China Economic Network, September 12 Huiyun Titanium Industry (300891. SZ) recently released its semi annual report. In the first half of this year, the company realized an operating income of 861 million yuan, up 6.21% year on year; Net profit attributable to shareholders of the listed company was 12.3707 million yuan, down 78.98% year on year; Non net profit attributable to shareholders of the listed company was 8.6443 million yuan, down 85.97% year on year; The net cash flow from operating activities was 38.5466 million yuan, up 120.18% year on year.

In 2022, Huiyun Titanium Industry will achieve an operating revenue of 1.512 billion yuan, down 2.59% year on year; Net profit attributable to shareholders of the listed company was 14.1711 million yuan, down 92.81% year on year; Non net profit attributable to shareholders of the listed company was 14.4934 million yuan, down 92.90% year on year; The net cash flow from operating activities was 1.9426 million yuan, down 98.88% year on year.

The 2022 annual equity distribution plan of Huiyun Titanium Industry was reviewed and approved at the 2022 annual general meeting of shareholders held on May 17, 2023. Based on the 400000000 shares of the company's total capital stock on December 31, 2022, the company will distribute cash dividends of 0.2 yuan (tax included) for every 10 shares to all shareholders, with a total cash dividend of 8000000 yuan (tax included). No bonus shares will be given, and no capital reserve will be converted into capital stock, The remaining undistributed profits shall be carried forward for annual distribution.

Huiyun Titanium Industry was listed on the GEM of Shenzhen Stock Exchange on September 17, 2020. This public offering of 100 million shares, all of which are new shares, does not involve the transfer of old shares, and the issue price is 3.64 yuan per share. The sponsor of Huiyun Titanium Industry is Dongguan Securities Co., Ltd., and the sponsor representatives are Kong Lingyi and Guo Wenjun.

The total amount of funds raised from Huiyun Titanium's initial public offering was 364 million yuan, and the net amount of funds raised from the offering after deducting the issuance expenses was 324395800 yuan. According to the prospectus disclosed by the company on September 14, 2020, the company plans to raise 324395800 yuan for 80000 tons/year plastic rutile titanium dioxide reprocessing, reconstruction and expansion projects, recycling economy technology transformation projects, R&D center construction projects, and information operation center construction projects.

The total initial public offering cost of Huiyun Titanium Industry was 39.6042 million yuan, of which the underwriting and recommendation fee was 27.3 million yuan.

With the approval of the China Securities Regulatory Commission in the Reply on Approving Guangdong Huiyun Titanium Industry Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects for Registration (ZJXK [2022] No. 1829), Huiyun Titanium Industry issued 4.9 million convertible corporate bonds to unspecified objects on November 23, 2022, each with a face value of 100 yuan and a total amount of raised funds of 490 million yuan, After deducting the relevant issuance costs, it is planned to fully invest in the construction of "50KT/year to 80KT/year sulfuric acid rutile titanium dioxide initial product technical transformation project", "600000 t/year titanium dioxide dilute acid concentration technology transformation project", "integrated intelligent storage center construction project" and other projects and supplement working capital. The convertible corporate bonds were listed on December 14, 2022. The recommendation agency (lead underwriter) for the issuance of convertible bonds is the name of Dongguan Securities Co., Ltd., and the recommendation representatives are Guo Bin and Guo Wenjun.

key word: Huiyun Titanium Industry