LB Group(002601) 证券时报网·2025-04-23 14:04Core Insights - Longbai Group reported a revenue of 27.513 billion yuan for 2024, a year-on-year increase of 2.80%, and a net profit attributable to shareholders of 2.169 billion yuan, with basic earnings per share of 0.91 yuan [2] - In Q1 2025, the company achieved a revenue of 7.060 billion yuan and a net profit of 686 million yuan [2] Group 1: Market Position and Production - Longbai Group is a leading diversified enterprise focused on the research, manufacturing, and integration of new materials such as titanium, zirconium, and lithium, with a production capacity of 1.51 million tons of titanium dioxide and 80,000 tons of sponge titanium, ranking first globally [3] - The company is the largest producer of titanium dioxide and has both sulfate and chloride process capabilities, with its production base in Jiaozuo, Henan, being the largest single-site titanium dioxide production facility globally [3][4] - In 2024, Longbai Group produced 1.2955 million tons of titanium dioxide, an increase of 8.74%, and sold 1.2545 million tons, with domestic sales accounting for 42.91% and international sales for 57.09% [4] Group 2: R&D and Innovation - The company increased its R&D investment, achieving a new high in R&D intensity, focusing on original innovation and key technology development to enhance its comprehensive technical strength [5] - Longbai Group is committed to creating a differentiated competitive advantage in the titanium industry, with ongoing efforts in product development, raw material substitution, and cost control [6] - The company holds over 1,270 patents, including more than 410 invention patents, and has been recognized for its technological advancements and contributions to national and industry standards [6] Group 3: Dividend Policy - In 2024, Longbai Group distributed cash dividends totaling 2.144 billion yuan, representing 98.85% of its annual net profit, continuing a trend of substantial dividends in recent years [7] - The company plans to distribute additional cash dividends of 1.186 billion yuan for Q1 2025, with a proposal for a share buyback of 300 million to 500 million yuan to support employee stock ownership plans [7]