硫酸产线发生事故致5人死亡 龙佰集团公告：涉事子公司停产

Core Viewpoint - Longbai Group announced a safety accident at its subsidiary Longbai Xiangyang Titanium Industry, resulting in 5 fatalities, with the company stating that this incident will not significantly impact its ongoing production capabilities [1][4][10] Company Overview - Longbai Group is a large industrial group focused on new material research and manufacturing, listed on the Shenzhen Stock Exchange with the stock code 002601. The company has an annual titanium dioxide production capacity of 1.51 million tons and sponge titanium capacity of 80,000 tons, ranking among the top globally [4] - In 2024, Longbai Group reported revenue of 27.513 billion yuan and a net profit of 2.169 billion yuan, receiving multiple accolades including being listed in the Hurun China 500 and as a national manufacturing single champion enterprise [4] Financial Performance - For the first half of 2025, Longbai Group's revenue was 13.331 billion yuan, a decrease of 3.34% year-on-year, while net profit attributable to shareholders was 1.385 billion yuan, down 19.53% year-on-year. However, net cash flow from operating activities increased by 10.84% to 1.520 billion yuan [6] - The revenue composition showed that titanium dioxide revenue was 8.664 billion yuan, accounting for 64.99% of total revenue, a decrease of 7.68% compared to the previous year. Sponge titanium revenue increased by 12.96% to 1.490 billion yuan [6] Production and Market Conditions - In the first half of 2025, Longbai Group produced 682,200 tons of titanium dioxide, a year-on-year increase of 5.02%. The production of sulfuric acid titanium dioxide was 463,500 tons, up 2.16%, while chlorination titanium dioxide production rose by 11.64% to 218,700 tons [8] - Sulfuric acid is a significant cost item for Longbai Group, with domestic sulfuric acid prices rising sharply in 2025. Prices increased from approximately 400 yuan/ton at the beginning of the year to around 700 yuan/ton by late March, with some regions experiencing price increases of up to 90% [8]