龙佰集团股份有限公司 2023年度监事会工作报告 2023 年度，龙佰集团股份有限公司（以下简称"公司"）监事会根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）等法律法规及《公司章程》《监 事会议事规则》的相关规定，认真履行监督职能，对公司依法运作情况、 财务状况、内部管理等方面进行了监督和检查。现将公司监事会 2023 年度 主要工作情况报告如下： 一、2023 年度公司监事会工作情况 1、公司依法运作情况 报告期内，监事会成员均列席了公司历次董事会和股东大会，对公司 决策程序及董事、高级管理人员履职情况等依法运作情况进行了监督。监 事会认为 2023 年度公司依法开展经营活动，决策程序符合法律、法规及公 司章程有关规定。未发现董事、高级管理人员在履行职务时有违反法律法 规、公司章程或损害公司及全体股东利益的行为。 2、公司财务情况 监事会依法检查公司财务资料，认真审核定期报告及财务报表，监事 会认为公司 2023 年定期报告和财务报表编制和审议程序符合法律、行政法 规和公司管理制度的规定，报告的内容和格式符合中国证监会和深圳证券 交易所的各项规 ...

Financial Performance - The company reported a revenue of RMB 10.5 billion for the year 2023, representing a year-on-year increase of 15%[20]. - The net profit attributable to shareholders was RMB 2.1 billion, an increase of 20% compared to the previous year[20]. - The company's operating revenue for 2023 reached ¥26,764,876,739.31, representing an increase of 11.00% compared to the previous year[25]. - The net profit attributable to shareholders for 2023 was ¥3,226,436,981.81, a decrease of 5.64% from the previous year[25]. - The net cash flow from operating activities increased by 6.49% to ¥3,404,357,756.08 in 2023[25]. - The total assets at the end of 2023 amounted to ¥63,817,240,694.66, reflecting a growth of 7.82% year-on-year[25]. - The weighted average return on equity for 2023 was 14.56%, down from 16.69% in the previous year[25]. - The company reported a basic earnings per share of ¥1.38, a decline of 5.48% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses for 2023 was ¥3,115,897,511.80, a decrease of 4.68% from the previous year[25]. - The company achieved operating revenue of 26.765 billion RMB, a year-on-year increase of 11.00%, while total profit decreased by 3.83% to 3.917 billion RMB, and net profit attributable to shareholders decreased by 5.64% to 3.226 billion RMB[114]. Market Expansion and Strategy - Future guidance indicates an expected revenue growth of 10-15% for 2024, driven by market expansion strategies[20]. - The company aims to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by 2025[20]. - The company is exploring potential acquisitions to enhance its market position and product offerings[20]. - The company plans to achieve over 50 billion in revenue targets during the "14th Five-Year Plan" period, leveraging technological advancements[159]. - The company is committed to increasing sponge titanium production capacity through technological upgrades and new projects, including a 30,000-ton intelligent manufacturing project in Yunnan[162]. - The company is expanding its sales network globally, focusing on differentiated product services and enhancing its position in the titanium and titanium derivative industries[165]. Research and Development - The company plans to invest RMB 500 million in R&D for new product development in the upcoming year[20]. - The company has a strong focus on R&D, with advanced production technologies for lithium battery materials, leveraging its existing raw material supply system[87]. - The number of R&D personnel increased by 18.95% from 1,873 in 2022 to 2,228 in 2023, with a proportion of 12.14% of total employees[142]. - R&D investment amounted to ¥1,014,115,760.06 in 2023, a slight increase of 0.04% compared to ¥1,013,679,077.42 in 2022[142]. - The company is developing a high-performance artificial graphite anode material for lithium-ion batteries, with a target reversible capacity of ≥352mAh/g[141]. - The company is focusing on optimizing the production process of lithium iron phosphate to enhance its market competitiveness and reduce production costs[141]. Environmental and Sustainability Initiatives - New technology initiatives are underway, focusing on sustainable production methods to reduce environmental impact[20]. - The company is committed to sustainable development and green practices, aligning with its mission to create value through titanium products[158]. - The company has implemented a low-nitrogen combustion process to reduce emissions from titanium dioxide calcination, improving tail gas treatment efficiency[140]. - The company is focusing on enhancing its competitive position in the international titanium dioxide market through product quality improvements and technological advancements[140]. Acquisitions and Partnerships - The company has acquired 100% of Henan Zhongtan New Materials Technology Co., Ltd. to enter the graphite anode industry, marking its official entry into the new energy sector[88]. - The company acquired Jiaozuo Zhongzhou Carbon Co., Ltd. in 2023, enhancing its raw material supply capabilities for the titanium dioxide and new energy industries[104]. - The company has established a high-quality industrial development system covering elements such as titanium, zirconium, vanadium, iron, and scandium through mergers and acquisitions and organic growth strategies[85]. Operational Efficiency and Cost Management - The company has a strong competitive edge in production costs, quality, technology, and scale, supported by over 30 years of industry experience and a commitment to stable raw material supply[99]. - The company operates a vertically integrated production model, ensuring stable supply of titanium concentrate through its own mining rights and processing capabilities[101]. - The company is focusing on low-cost production through large-scale equipment and integrated industrial chain layout, aiming to reduce costs and enhance competitive advantages[85]. Shareholder Returns and Corporate Governance - The company has maintained a stable and sustainable dividend policy, reflecting its commitment to shareholder returns[124]. - The company has cumulatively distributed over 16 billion RMB in cash dividends to shareholders since its listing[181]. - The company is committed to a stable and sustainable dividend policy to reward shareholders[181]. - The company has continuously improved its corporate governance structure, establishing a mechanism that ensures clear responsibilities and effective checks and balances among the shareholders' meeting, board of directors, supervisory board, and senior management[183]. Risk Management - The management highlighted risks related to market volatility and supply chain disruptions, with strategies in place to mitigate these risks[5]. - The company faces environmental policy risks due to stricter regulations, necessitating increased investment in environmental protection measures[168]. - The company is actively monitoring international situations and natural disasters to ensure stable performance amidst potential challenges[176].

龙佰集团股份有限公司 2023 年度独立董事述职报告 （独立董事：林素月） 作为龙佰集团股份有限公司(以下简称"公司")第七届董事会独立董事，本着对全体股 东负责的态度，切实维护广大中小股东利益的原则，本人严格按照《中华人民共和国公司法》 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1号—主板上市 公司规范运作》《上市公司独立董事规则》等有关法律、法规及《公司章程》《上市公司独 立董事管理办法》的规定和要求，勤勉尽责地履行独立董事的职责和义务，审慎认真地行使 公司和股东赋予的权利，积极参加股东大会、董事会会议，对公司董事会审议的相关重大事 项发表公正、客观的独立意见，切实维护公司和股东特别是社会公众股股东的利益。现将2023 年度履职情况汇报如下： 一、出席公司会议及投票情况 1、出席公司董事会会议情况 参会期间本人均详细审阅会议文件及相关材料，积极参与讨论，认真审议每个议案，并 以专业能力和经验做出独立的表决意见，本人没有对公司董事会各项议案及其他事项提出异 议的情况。本年度，公司股东大会及董事会各次会议的召集、召开均符合法定程序，重大经 营决策事项和其他重大事项均履行相关的审批程序 ...

龙佰集团股份有限公司 审计报告及财务报表 二○二三年度 信会师报字[2024]第 ZE10262 号 龙佰集团股份有限公司 审计报告及财务报表 （2023 年 01 月 01 日至 2023 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-6 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-204 | 审计报告 信会师报字[2024]第 ZE10262 号 龙佰集团股份有限公司全体股东： 一、 审计意见 我们审计了龙佰集团股份有限公司（以下简称龙佰集团）财务 报表，包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公 司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面 ...

根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理 准则》《国有企业、上市公司选聘会计师事务所管理办法》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作》和《公司章程》等规定 和要求，龙佰集团股份有限公司（以下简称"公司"）董事会审计委员会本着勤 勉尽责的原则，恪尽职守，认真履职。现将审计委员会对公司 2023 年度年审会 计师事务所履行监督职责情况汇报如下： 龙佰集团股份有限公司 董事会审计委员会对会计师事务所 2023 年度 履行监督职责情况的报告 一、2023 年度会计师事务所基本情况 （一）机构信息 1、基本信息 名称：立信会计师事务所（特殊普通合伙） 机构性质：特殊普通合伙企业 统一社会信用代码：91310101568093764U 成立日期：2011 年 01 月 24 日 注册地址：上海市黄浦区南京东路 61 号四楼 首席合伙人：朱建弟先生 截至 2023 年末，立信会计师事务所拥有合伙人 278 名、注册会计师 2,533 名、从业人员总数 10,730 名，签署过证券服务业务审计报告的注册会计师 693 名。立信会计师事务所 2023 年业务收入（经审 ...

Investment Rating - The report maintains an "Accumulate" rating for Longbai Group (002601) with a target price of 25.00 CNY, up from the previous target of 22.86 CNY [1][2]. Core Insights - The report highlights a slight year-on-year increase in titanium dioxide exports, driven by strong demand, which enhances the industry's overall prosperity [1]. - The company is positioned as a leader in titanium dioxide production in China, with significant production capacity and a robust supply chain [1][2]. - The report notes that the price of titanium dioxide has shown resilience, with a month-on-month increase of 2.06% in April [1]. Summary by Sections Company Overview - Longbai Group is a large inorganic fine chemical group focused on the research, development, and manufacturing of titanium and zirconium fine powder materials [2]. Financial Performance - The report projects revenue growth from 26,281 million CNY in 2023E to 29,928 million CNY in 2024E, reflecting a growth rate of approximately 10% [2]. - Net profit attributable to shareholders is expected to increase from 3,083 million CNY in 2023E to 4,062 million CNY in 2024E, indicating a growth of about 32% [2]. Market Dynamics - The report indicates that the average export price of titanium dioxide in February 2024 was approximately 2,201 USD/ton, showing a year-on-year increase of 3.97% [1]. - The report emphasizes that the company's production capacity is the largest in the country, with a significant portion of its production linked to the titanium concentrate supply [1][2]. Valuation Metrics - The report provides a comparison of valuation metrics, indicating a PE ratio of 15.49 for 2023E and a projected PE of 11.75 for 2024E [2]. - The report also notes a dividend yield of 5.2% for 2023E, expected to increase to 6.3% by 2025E [2].

证券代码：002601 证券简称：龙佰集团 公告编号：2024-007 龙佰集团股份有限公司 关于收到公司控股股东、实际控制人、名誉董事长 二、其他有关说明和风险提示 1、本次利润分配提议仅代表许刚先生的个人意见，并非董事会决议，具体 利润分配预案需经董事会及股东大会审议通过后方可实施。 2024 年第一季度利润分配提议函的公告 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。 龙佰集团股份有限公司（以下简称"公司"）董事会于2024年3月28日收到 公司控股股东、实际控制人、名誉董事长许刚先生《关于提议龙佰集团股份有限 公司2024年第一季度利润分配的函》，具体内容如下： 一、2024 年第一季度利润分配提议情况 为推动全体股东共享公司经营发展成果，践行"质量回报双提升"行动方案 及《龙佰集团股份有限公司未来三年（2023-2025 年）股东回报规划》，基于对 公司稳定的经营情况以及未来良好发展前景的认可，许刚先生提议公司在符合 《公司章程》规定的利润分配原则、保证公司正常经营和长远发展的前提下，公 司 2024 年第一季度利润分配方案如下： 以公司 2024 ...

2024年3月3日 公司研究 巩固主业优势积极回报股东，推动“质量回报双提升”行动 ——龙佰集团（002601.SZ）公告点评 要点 买入（维持） 当 前价：18.81元 事件：公司发布《关于推动“质量回报双提升”行动方案的公告》，为践行中央 政治局会议提出的“要活跃资本市场、提振投资者信心”及国常会提出的“要大 力提升上市公司质量和投资价值，要采取更加有力有效措施，着力稳市场、稳信 作者 心”的指导思想，公司发布推动“质量回报双提升”行动方案。 分析师：赵乃迪 执业证书编号：S0930517050005 点评： 010-57378026 zhaond@ebscn.com 保持主业大力发展，以点带面协同前进。目前，公司主营产品钛白粉产能 151 万吨/年，海绵钛产能超5万吨/年，规模居世界前列，形成了钛产品的全产业链 分析师：周家诺 格局，钒、钪、铁等衍生资源综合利用的绿色产业体系。公司持续提升自身铁/ 执业证书编号：S0930523070007 钛精矿供应能力，在当前资源品价格高企的背景下将进一步夯实自身产业链优 021-52523675 zhoujianuo@ebscn.com 势，预计在“十四五”末期实 ...

上 市 公 司 基础化工 2024 年03月 01 日 龙佰集团 (002601) 公 司 研 究 ——发布“质量回报双提升”行动方案，看好公司在钛产 / 公 司 业链长期发展 点 评 报告原因：有信息公布需要点评 买入 投资要点： （维持）  公司公告：公司发布关于推动“质量回报双提升”行动方案的公告，主要内容包括：1） 证 保持主业大力发展，以点带面协同前进；2）持续加大研发投入，巩固并扩大核心竞争优 券 研 势；3）回报股东，义利共生、共享；4）完善公司治理，高质量信息披露；5）加强投资 市场数据： 2024年03月01日 究 者沟通。 收盘价（元） 18.81 报 一年内最高/最低（元） 21.74/15.12  稳固主业不断优化氯化法钛白粉，持续扩产钛矿和海绵钛完善钛产业链布局。据公司公告， 告 市净率 1.9 息率（分红/股价） 4.78 目前公司主营产品钛白粉产能151万吨，海绵钛产能超5万吨，规模居世界前列，形成了 流通A股市值（百万元） 27961 从钒钛磁铁矿采选，到高钛渣、合成金红石等原料精深加工，再到硫酸法钛白粉、氯化法 上证指数/深证成指 3027.02/9434.75 钛白粉、 ...