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龙佰集团:关于调整外汇套期保值业务额度的公告
2024-12-04 08:55
证券代码:002601 证券简称:龙佰集团 公告编号:2024-077 龙佰集团股份有限公司 关于调整外汇套期保值业务额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、调整目的及调整后额度:为进一步规避和防范外汇市场风险,公司根据 实际需求将调整外汇套期保值业务额度,调整后:公司拟进行的外汇套期保值 业务规模累计金额不超过 20 亿元美元或等值外币,存量最高不超过 10 亿元美 元或等值外币。 2、审议程序:公司于 2024 年 12 月 4 日召开第八届董事会第十六次会议、 第八届监事会第十六次会议审议通过《关于调整外汇套期保值业务额度的议 案》,根据相关规定本议案尚需提交股东大会审议。 3、特别风险提示:公司开展外汇套期保值业务遵循锁定汇率风险、套期保 值的原则,不做投机性交易操作。外汇套期保值业务可以在汇率发生大幅波动 时,降低汇率波动对公司的影响,但同时外汇套期保值业务也会存在一定风险。 敬请广大投资者注意投资风险。 龙佰集团股份有限公司(以下简称"公司")于 2024 年 12 月 4 日召开的 第八届董事会第十六次会议 ...
龙佰集团:2024年第二次独立董事专门会议决议
2024-12-04 08:55
二、独立董事专门会议审议情况 本次独立董事专门会议审议通过了《关于为下属子公司担保的议案》。 龙佰集团股份有限公司 2024 年第二次独立董事专门会议决议 一、独立董事专门会议召开情况 龙佰集团股份有限公司(以下简称"公司")2024 年第二次独立董事专门 会议于 2024 年 12 月 4 日(周三)以现场表决的方式召开。本次独立董事专门会 议通知已于 2024 年 11 月 29 日以书面送达或电子邮件的方式发送至各位独立董 事。本次会议应出席独立董事 3 人,实际出席独立董事 3 人,会议由独立董事梁 丽娟女士主持,会议的召开和表决符合《公司法》《上市公司独立董事管理办法》 等规定,会议表决合法有效。 2024 年 12 月 4 日 - 1 - 4、本次担保风险可控,符合公司整体利益,可为股东创造良好回报,不存 在损害公司和全体股东,尤其是中小股东利益的情形,故同意公司为下属子公司 提供担保。经综合考虑,独立董事同意将该议案提交公司董事会审议。 表决结果:同意 3 票,反对 0 票,弃权 0 票,回避 0 票。 独立董事:邱冠周、梁丽娟、李力 独立董事认为: 1、公司为下属子公司担保主要为满足公司下属子 ...
龙佰集团:关于召开2024年第三次临时股东大会的通知
2024-12-04 08:55
证券代码:002601 证券简称:龙佰集团 公告编号:2024-078 龙佰集团股份有限公司 关于召开 2024 年第三次临时股东大会的通知 (四)会议时间: 1、现场会议:2024 年 12 月 20 日(星期五)下午 14:30 2、网络投票:通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 12 月 20 日上午 9:15-9:25,9:30-11:30 和下午 13:00-15:00;通过深圳证券交易所 互联网投票系统投票的具体时间为 2024 年 12 月 20 日上午 9:15 至下午 15:00。 (五)会议召开方式:本次股东大会采用现场表决与网络投票相结合的方式 召开。 (六)会议的股权登记日:2024 年 12 月 13 日(星期五) (七)出席对象 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚假 记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 (一)股东大会届次:2024 年第三次临时股东大会。 (二)股东大会的召集人:本次股东大会由公司董事会召集,经公司第八届 董事会第十六次会议审议通过《关于召开 2024 年第三次临时股东大会的议案》, 同意召开本 ...
龙佰集团:关于回购公司股份的进展公告
2024-12-02 10:59
证券代码:002601 证券简称:龙佰集团 公告编号:2024-071 龙佰集团股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚 假记载、误导性陈述或重大遗漏。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9号——回购股份》等相关规定,回购期间上市公司应当在每个月的前三个交易 日内披露截至上月末的回购进展情况。现将公司截至上月末的回购进展情况公告 如下: 一、截至上月末回购股份的进展情况 截至 2024 年 11 月 30 日,公司通过股份回购专用证券账户以集中竞价方式 累计回购公司股份 10,721,400 股,占公司目前总股本的 0.4493%,最高成交价为 18.30 元/股,最低成交价为 15.32 元/股,成交总金额为 179,979,466 元(不含交 易费用)。本次回购符合相关法律法规的要求,符合既定的回购股份方案。 二、其他事项说明 公司回购股份的时间、回购股份的数量、回购股份价格及集中竞价交易的委 托时段等均符合《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》 的相关规定,具体说明如下: 1、公司未 ...
龙佰集团:2024年第三季度权益分派实施公告
2024-12-02 10:59
证券代码:002601 证券简称:龙佰集团 公告编号:2024-072 龙佰集团股份有限公司 2024年第三季度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚假 记载、误导性陈述或重大遗漏。 特别提示: 1、龙佰集团股份有限公司(以下简称"公司")2024 年第三季度权益分派 方案已获 2024 年 11 月 13 日召开的 2024 年第二次临时股东大会审议通过,以公 司现有总股本 2,386,293,256 股扣除公司回购专用证券账户持有的公司股份 10,721,400 股后的股本,即 2,375,571,856 股为基数,按照分配总额不变的原 则,向全体股东每 10 股派发人民币现金股利 3.00 元(含税),共计派发现金红 利额 712,671,556.80 元(含税)。本次利润分配不送红股,也不以资本公积金 转增股本。 2、鉴于公司回购专用证券账户上的股份不参与 2024 年第三季度权益分派, 本次权益分派实施后除权除息价计算时,按公司总股本 2,386,293,256 股(含回 购 股 份 ) 折 算 的 每 10 股 现 金 红 利 = 实 际 现 金 分 红 ...
龙佰集团:看好钛白粉龙头的对外扩张趋势不变
东方证券· 2024-11-19 09:06
Investment Rating - The report initiates coverage on Longbai Group with an **Overweight** rating and a target price of **20.28 CNY** for 2025, based on a 12x P/E multiple [2][4] Core Views - Longbai Group is the **world's largest titanium dioxide (TiO2) producer** with an annual capacity of 1.51 million tons, holding a **17% global market share** in 2023 [1] - The company has demonstrated strong **endogenous and exogenous growth** through acquisitions and technological advancements, particularly in **chloride process TiO2** and **sulfur-chlorine coupling technology**, which have given it a cost advantage [1][22] - Despite **anti-dumping measures** in overseas markets, China's TiO2 export growth trend remains intact, with **export CAGR of 15%** over the past eight years, accounting for nearly **40% of total production** [1][56] - Leading companies like Longbai are expected to **seize overseas opportunities**, with potential for higher returns and stable profits from overseas investments, similar to the tire industry's experience [1][110] Financial Projections - Revenue is projected to grow from **26.765 billion CNY in 2023** to **34.34 billion CNY in 2026**, with a **CAGR of 10.5%** [3] - Net profit attributable to shareholders is expected to increase from **3.226 billion CNY in 2023** to **4.633 billion CNY in 2026**, with a **CAGR of 15%** [3] - EPS is forecasted to rise from **1.35 CNY in 2023** to **1.94 CNY in 2026** [3] Industry Analysis - **Anti-dumping measures** in key markets like the EU, India, and Brazil have reshaped global trade flows but have not significantly impacted China's TiO2 export growth [56][61] - The **EU's anti-dumping tariffs** range from **11.4% to 32.3%**, but China's TiO2 exports to the EU have shown resilience, with **exports rebounding in August 2024** after a temporary dip in July [61][74] - **Global TiO2 demand** is expected to grow in line with **global GDP**, with **Asia-Pacific and Africa** being key growth regions due to infrastructure and real estate development [55][93] Company's Competitive Advantages - Longbai has **vertically integrated its supply chain**, with **40% self-sufficiency in titanium concentrate** and plans to increase this to **70% by the end of the 14th Five-Year Plan** [22][35] - The company has **pioneered sulfur-chlorine coupling technology**, reducing costs for chloride process TiO2 production by **1,169 CNY per ton** [40][41] - Longbai's **chloride process TiO2 capacity** is **660,000 tons/year**, making it the **third-largest globally** and the **largest in China**, with a **63% share of domestic chloride process production** in 2023 [32][35] Overseas Expansion Opportunities - **Anti-dumping measures** are seen as a catalyst for **overseas expansion**, with Longbai well-positioned to establish overseas plants and capture higher-margin markets [110][111] - The **EU's rising TiO2 prices** (from **3,040 USD/ton in July 2024** to **3,210 USD/ton in September 2024**) create opportunities for **global trade flow adjustments** and higher returns for exporters [95][96] - **Southeast Asia** and **Turkey** are emerging as key markets for TiO2 exports, with **Vietnam** and **India** showing significant growth in demand [103][104]
龙佰集团:三季度业绩符合预期,稳步拓展上游钛矿资源
首创证券· 2024-11-16 23:58
Investment Rating - Buy rating for the company [1] Core Views - The company's Q3 2024 performance met expectations, with revenue of 208.85 billion yuan, up 2.97% YoY, and net profit of 25.64 billion yuan, up 19.68% YoY [2] - Titanium dioxide prices stabilized and volumes increased, driving the company's performance growth in the first three quarters of 2024 [2] - The company is steadily expanding upstream titanium ore resources, having signed strategic cooperation agreements and acquired new mining rights [2] - The company's leading position in titanium dioxide and sponge titanium is solid, with a complete industry chain layout [2] - The company is expected to achieve net profits of 32.76/40.52/46.67 billion yuan in 2024-2026, with EPS of 1.37/1.70/1.96 yuan and P/E ratios of 14/12/10 [2] Financial Performance - Revenue in 2023 was 267.94 billion yuan, expected to grow to 290.42/322.77/350.51 billion yuan in 2024-2026 [2] - Net profit in 2023 was 32.26 billion yuan, expected to grow to 32.76/40.52/46.67 billion yuan in 2024-2026 [2] - Gross margin in 2023 was 26.8%, expected to improve to 26.9%/27.8%/28.8% in 2024-2026 [4] - ROE in 2023 was 12.9%, expected to improve to 12.6%/14.6%/15.6% in 2024-2026 [4] Industry Analysis - Domestic titanium dioxide production in the first three quarters of 2024 was 3.4864 million tons, up 20.81% YoY [2] - Titanium dioxide exports in the first three quarters of 2024 were 1.4402 million tons, up 14.80% YoY [2] - Domestic apparent consumption of titanium dioxide in the first three quarters of 2024 was 2.1177 million tons, up 25.48% YoY [2] - The average price of rutile titanium dioxide in the first three quarters of 2024 was 15,839 yuan/ton, up 1.77% YoY [2] - The average price of titanium concentrate in the first three quarters of 2024 was 2,103 yuan/ton, up 4.16% YoY [2] Company Operations - The company has titanium dioxide production capacity of 1.51 million tons/year and sponge titanium capacity of 80,000 tons/year, ranking among the world's top [2] - The company is the only titanium dioxide producer in China with a complete titanium industry chain [2] - The company has multiple mining rights and is expanding its upstream titanium ore resources [2]
龙佰集团:钛白粉全球龙头,具备钛产业链一体化优势
湘财证券· 2024-11-15 01:46
Investment Rating - The report assigns a "Buy" rating to Longbai Group (002601 SZ) for the first time [1] Core Views - Longbai Group is a global leader in titanium dioxide production with integrated titanium industry chain advantages [1] - The company has both sulfate and chloride process technologies for titanium dioxide production [1] - It is the world's largest sulfate process titanium dioxide producer and the third largest chloride process producer globally [1] - The company has a strong brand presence with its "Snow Lotus" titanium dioxide products sold in over 110 countries [1] Business Overview - Longbai Group has an annual production capacity of 1 51 million tons of titanium dioxide and 80 000 tons of sponge titanium ranking first globally in both [1] - The company is China's only titanium dioxide producer with a complete titanium industry chain from mining to deep processing [1] - It has self-supply capability for titanium concentrate with a current self-sufficiency rate of about 50% expected to reach 70% by the end of the 14th Five-Year Plan period [1] New Energy Materials Expansion - The company is expanding into new energy materials leveraging its cost advantages in producing lithium iron phosphate (LFP) [1] - It has an annual production capacity of 50 000 tons of LFP and 100 000 tons of lithium iron phosphate [1] - The company is also extracting vanadium from waste acid and slag to provide raw materials for vanadium flow batteries [1] Financial Performance - In the first three quarters of 2024 the company achieved revenue of 20 885 billion yuan a year-on-year increase of 2 97% [2] - Net profit attributable to the parent company was 2 564 billion yuan up 19 68% year-on-year [2] - In Q3 2024 revenue was 7 081 billion yuan up 0 85% year-on-year and 8 77% quarter-on-quarter [2] - Net profit in Q3 was 842 million yuan down 4 29% year-on-year but up 9 33% quarter-on-quarter [2] Financial Forecasts - Revenue is expected to grow from 26 794 billion yuan in 2023 to 33 077 billion yuan in 2026 [3] - Net profit attributable to the parent company is forecasted to increase from 3 226 billion yuan in 2023 to 4 788 billion yuan in 2026 [3] - The company's P/E ratio is projected to decrease from 14 27 in 2023 to 9 62 in 2026 [3] Valuation - The report forecasts the company's P/E ratios for 2024-2026 at 14 04 11 84 and 9 62 respectively [2] - The EV/EBITDA ratios are projected to decrease from 9 53 in 2023 to 6 59 in 2026 [3]
龙佰集团:2024年第二次临时股东大会决议公告
2024-11-13 09:17
2024年第二次临时股东大会决议公告 证券代码:002601 证券简称:龙佰集团 公告编号:2024-070 龙佰集团股份有限公司 (2)网络投票时间:2024 年 11 月 13 日 通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 11 月 13 日上午 9:15-9:25、9:30-11:30,下午 13:00-15:00; 通过深圳证券交易所互联网投票系统投票的时间为 2024 年 11 月 13 日上午 9:15 至下午 15:00 期间的任意时间。 2、会议召开地点:公司会议室。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有虚假 记载、误导性陈述或重大遗漏。 3、召集人:公司董事会。 特别提示: 1.本次股东大会未出现否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 (1)现场会议时间:2024 年 11 月 13 日(星期三)下午 14:30 其中:参加本次会议的中小投资者共 1,018 人,代表有表决权的股份 170,521,857 股,占公司股份总数的 7.1459%。 8、公司董事、监事出席了本次 ...
龙佰集团:上海市锦天城(深圳)律师事务所关于龙佰集团股份有限公司2024年第二次临时股东大会的法律意见书
2024-11-13 09:17
上海市锦天城(深圳)律师事务所 上海市锦天城(深圳)律师事务所(以下简称"本所")持有有权 机关-广东省司法厅核发的统一社会信用代码为31440000772720702Y 号《律师事务所分所执业许可证(正、副本)》,依法具有执业资格。 撰写、签署编号为(2024)锦天城深律见证字HT第007号《上海市 锦天城(深圳)律师事务所关于龙佰集团股份有限公司2024年第二次 临时股东大会的法律意见书》(以下简称"本《法律意见书》")的霍 庭律师、潘沁圣律师均为本所执业律师(以下简称"本所经办律师"), 分别持有有权机关—广东省司法厅核发的证号为14403199110407747 号、14403202010176547号《中华人民共和国律师执业证》,且均处于 年审合格暨有效状态,依法均具有执业主体资格。 关于龙佰集团股份有限公司 2024年第二次临时股东大会的 法律意见书 (2024)锦天城深律见证字HT第007号 深圳市福田中心区福华三路卓越世纪中心1号楼21、22、23层 联系电话:(86755)82816698 传真电话:(86755)82816898 邮政编码:518048 上海市锦天城(深圳)律师事务所 《法 ...