AnHui Annada Titanium Industry Co Ltd

GAC Group issued a trading halt announcement on the evening of September 14, stating it is planning a major asset restructuring. The company intends to acquire part of a joint venture automaker stake held by FAW Group through a share issuance and raise supporting funds. The two parties have signed a letter of intent. Upon completion of the transaction, FAW Group will become GAC Group's second-largest shareholder with strategic influence. The deal is expected to constitute a major asset restructuring and a related-party transaction, but will not result in a change of actual controller or a backdoor listing. It is still in the planning stage. Following an application to the Shanghai Stock Exchange, GAC Group's A-shares were suspended from trading starting September 14, 2026, with the halt expected to last no more than 10 trading days. As of September 14, GAC Group's share price stood at 5.09 yuan per share, with a total market capitalization of 43.23 billion yuan. Earlier on September 11, nine government departments including the National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the 15th Five-Year Plan for the intelligent connected new energy vehicle industry, proposing that by 2030 the advantages of the entire industry chain will be further consolidated and vehicles with autonomous driving functions will achieve large-scale application. On the same day, titanium dioxide leader Lomon Billions Group took the lead in issuing a price increase notice, raising domestic market prices by 700 yuan per tonne and international market prices by 100 US dollars per tonne. Subsequently, more than twenty companies including Anada, Titanium Energy Chemical, and Dawn Titanium Industry followed suit with increases consistent with Lomon Billions Group, officially kicking off the sixth round of collective price hikes for titanium dioxide this year.

Annada released its 2026 interim report, with net profit attributable to the parent company of 48.603 million yuan, an increase of 74.8708 million yuan compared with the same period last year, achieving a turnaround from loss to profit. The company's total operating revenue was 1.107 billion yuan, up 26.34% year-on-year. The latest gross margin was 10.99%, up 10.65 percentage points from the same period last year, marking two consecutive quarters of increase. Net cash flow from operating activities was negative 31.8712 million yuan, an increase of 77.9158 million yuan compared with the same period last year, achieving two consecutive years of growth.

Annada's wholly-owned subsidiary Tongling Huatai plans to build an integrated project with an annual output of 300,000 tonnes of battery-grade iron phosphate, with a total planned investment of 3.298 billion yuan and a construction period of 18 months. The project adopts a titanium dioxide–iron phosphate co-production model and will simultaneously construct production facilities for 150,000 tonnes per year of rutile titanium dioxide. After commissioning, the company's total titanium dioxide capacity will increase to 250,000 tonnes per year. By the end of 2025, Annada already had an iron phosphate capacity of 150,000 tonnes per year. This expansion comes as iron phosphate prices have risen 50 percent within half a year, from about 10,000 yuan per tonne at the start of the year to around 15,000 yuan per tonne currently. The company expects a net profit of 41.5 million to 61.5 million yuan for the first half of the year, turning from a loss to a profit year-on-year, and plans to increase the registered capital of Tongling Huatai from 5 million yuan to 600 million yuan.

On the evening of July 17, several listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. Hunan Yuneng plans to invest approximately 24 billion yuan in a mining-integrated new energy battery materials circular industry project in Weng'an, Guizhou, focusing on lithium iron phosphate and the upstream supply chain, with a total construction period expected to be five years. TCL Zhonghuan plans to invest about 11.96 billion yuan through a subsidiary to build a semiconductor large silicon wafer project for integrated circuits in Shenzhen. Guoke Micro intends to raise no more than 5.061 billion yuan through a private placement for the research and industrialization of next-generation AI vision processing chips and other projects. Ananda's wholly-owned subsidiary plans to invest 3.298 billion yuan to build an integrated project with an annual output of 300,000 tons of battery-grade iron phosphate. China Shipbuilding Gas reported a net profit attributable to the parent company of 348 million yuan for the first half of the year, up 95.63 percent year-on-year. Huarui Precision expects a net profit attributable to the parent company of between 210 million and 250 million yuan for the first half, an increase of 145.73 percent to 192.54 percent year-on-year. Lingyi iTech has raised the total amount for its share buyback to between 400 million and 800 million yuan. In addition, Baose Corporation plans to invest 970 million yuan in a high-end over-limit equipment intelligent manufacturing project, Pan Asian Microvent Tech intends to acquire a 54.089 percent stake in Tianyuan Electric to gain control, Guangyang Corporation has signed a strategic cooperation framework agreement with Pangu Power, and Huike Corporation plans to invest 4 billion yuan to establish a subsidiary for an advanced packaging and testing project.

Annada disclosed its earnings forecast, expecting a net profit attributable to shareholders of 41.5 million to 61.5 million yuan for the first half of 2026, compared to a loss of 26.2678 million yuan in the same period last year, achieving a turnaround from loss to profit year-on-year. The net profit after deducting non-recurring items is expected to be 40.1 million to 60.1 million yuan, compared to a loss of 28.1399 million yuan in the same period last year. Basic earnings per share are expected to be between 0.193 yuan and 0.286 yuan per share. The company stated that the change in performance was mainly due to rising raw material costs and a recovery in demand for lithium iron phosphate, which drove up the selling prices of its two main products, titanium dioxide and lithium iron phosphate. The gross profit margins of both products increased year-on-year, boosting operating performance.