Breaking Down CNNC Hua Yuan Titanium Dioxide Co., Ltd Financial Health: Key Insights for Investors

From its founding in 1989 to its 2025 rebrand as Tinergy Chemical Co., Ltd., CNNC Hua Yuan has grown into a powerhouse with three production bases in Jiayuguan, Baiyin and Ma'anshan and an annual high-grade rutile titanium dioxide capacity exceeding 400,000 tons; in 2024 the company posted operating revenue of 6.875 billion yuan (a 38.98% year-on-year increase), sold 428,400 metric tons of titanium dioxide (up 33.44%) and drove net profit growth of 34.84%, all while expanding into phosphate ore, yellow phosphorus and iron phosphate, securing ISO9001 and ISO14001 certifications and investing in photovoltaic, wind and energy-storage projects that underline a mission to "keep pace with the times," a vision to lead global natural performance materials, and core values of innovation, growth and re-innovation that have steered strategic acquisitions and R&D-led product evolution

CNNC Hua Yuan Titanium Dioxide Co., Ltd (002145.SZ) - Intro

• Founded: 1989
• Primary product: High-grade rutile titanium dioxide (TiO2)
• Additional products: Phosphate ore, yellow phosphorus, iron phosphate
• Certifications: ISO9001 (Quality Management), ISO14001 (Environmental Management)

• Production bases: Jiayuguan (Gansu), Baiyin (Gansu) and Ma'anshan (Anhui)
• Annual production capacity: >400,000 metric tons of high-grade rutile TiO2

• Mission: Deliver high-purity rutile TiO2 and related chemical products with stable supply, consistent quality and environmentally responsible processes to meet downstream industry needs.
• Vision: Become a vertically integrated, diversified specialty chemical leader-expanding beyond TiO2 into phosphorus and iron-based products while achieving sustainable growth and stronger global market presence.
• Core values:
  • Quality-first: rigorous process control and ISO-aligned systems
  • Safety & environment: continuous investment in emission controls and ISO14001 practices
  • Innovation: product diversification (phosphate ore, yellow phosphorus, iron phosphate) and process optimization
  • Reliability: stable supply to coatings, plastics and paper sectors

• Scale: 428,400 t TiO2 sold in 2024 demonstrates utilization near or above nameplate capacity and strong market demand.
• Revenue mix: expanded product lines (phosphate and phosphorus-derived products) provide margin diversification against TiO2 cyclicality.
• Governance & compliance: ISO9001/14001 certifications underpin quality and environmental governance, supporting export and large-scale domestic customers.

CNNC Hua Yuan Titanium Dioxide Co., Ltd (002145.SZ) - Overview

CNNC Hua Yuan's mission is to 'keep pace with the times and meet the evolving application needs of customers with quality and innovation,' emphasizing adaptability and customer-centricity. The company channels this mission into technological innovation, quality enhancement, and sustained R&D investment to introduce new products and upgrade existing ones to international standards, with a clear focus on customer satisfaction and responsiveness to market changes.

• Customer-centric product development aimed at industry-specific performance requirements (coatings, plastics, paper, inks, cosmetics).
• Continuous R&D investment to refine production processes and develop higher-performance TiO2 grades.
• Quality management and process control to align products with international standards and regulatory requirements.
• Market responsiveness: rapid adaptation of product mix and capacity to meet shifting downstream demand.

Operational and mission-linked metrics:

How the mission translates into measurable actions:

• R&D programs to develop higher-tinting, lower-energy and specialty surface-treated TiO2 products.
• Quality-system investments (process control, testing labs) to reduce defects and improve batch consistency.
• Customer collaboration projects to co-develop formulations and scale application trials.
• Capacity adjustments and supply-chain optimization to respond to a 33.44% surge in annual TiO2 sales volume in 2024.

For deeper context on the company's origins, ownership, and broader corporate profile see: CNNC Hua Yuan Titanium Dioxide Co., Ltd: History, Ownership, Mission, How It Works & Makes Money

CNNC Hua Yuan Titanium Dioxide Co., Ltd (002145.SZ) - Mission Statement

• Lead global technical development in all‑natural performance materials through sustained R&D investment and international collaboration.
• Deliver high‑quality titanium dioxide and next‑generation functional materials with superior performance and lower environmental impact.
• Integrate green production, resource recycling, and energy efficiency across operations to minimize lifecycle emissions and waste.
• Support customers in coatings, plastics, paper, and new energy sectors with tailored material solutions that enhance product durability and sustainability.
• Create long‑term shareholder and stakeholder value through disciplined capital allocation, technology commercialization, and ESG leadership.

• International leadership: Ambition to rank among global top producers of natural‑feedstock performance materials by technology depth, product quality, and sustainable practices.
• Natural materials focus: Prioritizes feedstock and processes that maximize use of naturally sourced inputs and minimize harmful reagents, aligning with global eco‑product demand.
• Technical development & R&D: Long‑term commitment to material science, including proprietary process improvements, functional pigment research, and advanced coating additives.
• Green circular economy: Expansion into resource recovery, by‑product valorization, and closed‑loop manufacturing to reduce raw material intensity and waste output.
• New energy integration: Strategic investments in photovoltaic, wind power, and energy storage projects to both decarbonize operations and participate in energy systems of the future.

• R&D centers: Establishing/refining laboratories and pilot lines focused on natural‑feedstock pigments, surface treatments, and high‑performance additives.
• Process upgrades: Deploying low‑emission calcination and wet‑processing technologies to raise product whiteness and reduce pollutant output.
• Vertical integration: Developing upstream raw material security and downstream application partnerships to capture more value across the supply chain.
• New energy deployment: Direct investments and off‑take agreements in PV and wind capacity to supply green power to production facilities and reduce Scope 2 emissions.
• Circular projects: Launching waste‑to‑resource pilots converting process residues into usable minerals or construction materials.

CNNC Hua Yuan Titanium Dioxide Co., Ltd (002145.SZ) - Vision Statement

• Innovation - invest in R&D and pilot-scale commercialization to improve product quality and process efficiency (R&D spend represented ~3.1% of revenue in 2024).
• Growth - pursue strategic inorganic and organic expansion (2023 acquisition of phosphate ore mining & processing assets for ~RMB 520 million).
• Re-innovation - continuously adapt product mix and manufacturing technologies to customer needs and environmental requirements.
• Learning culture - company programs focus on employee-driven idea generation, internal tech transfer and cross-functional training.
• Strategic diversification - expansion into new energy materials and green circular economy projects to capture adjacent markets and reduce carbon intensity.

• Financial impact - the emphasis on innovation and targeted acquisitions contributed to a 34.84% increase in net profit in 2024, improving margins and cash generation.
• Operational impact - integration of upstream phosphate ore assets in 2023 has enhanced raw material security and reduced feedstock cost volatility.
• Strategic trajectory - reinvesting free cash flow into technology upgrades and circular projects to sustain long-term competitiveness.