Workflow
发生安全事故致5人死亡 龙佰集团子公司被责令停业整顿

Group 1 - The core incident involves a safety accident at Longbai Group's subsidiary, Longbai Xiangyang Titanium Industry, resulting in 5 fatalities and a temporary shutdown for safety inspections [1] - Longbai Group has stated that other subsidiaries are operating normally and has formed a special task force for post-accident management [1] - The company reported a revenue of 13.33 billion yuan in the first half of the year, a decrease of 3.34% from the previous year, and a net profit of 1.39 billion yuan, down 19.53% year-on-year [2] Group 2 - Longbai Group is a major industrial group in new materials, with an annual titanium dioxide production capacity of 1.51 million tons and sponge titanium capacity of 80,000 tons, both ranking first globally [2] - The company faces significant cost pressures due to high prices of titanium concentrate and sulfuric acid, alongside declining titanium dioxide prices and export challenges due to anti-dumping measures [2] - The overall market for titanium dioxide is experiencing a "supply loose and demand weak" situation, with prices declining in the second quarter due to reduced external demand [2]