LB Group(SZ:002601) Sou Hu Cai Jing·2025-09-12 04:01Core Viewpoint - Longbai Group's subsidiary experienced a safety accident, resulting in multiple fatalities, which raises concerns about the company's safety management and information disclosure practices [3][5][11]. Group 1: Incident Details - On September 2, a safety accident occurred at Longbai Xiangyang Titanium Industry Co., Ltd., leading to 2 deaths and 3 individuals sent to the hospital, who later died [5]. - The local emergency management department issued a "temporary suspension order" to Longbai Xiangyang on September 5, requiring the company to conduct a thorough safety inspection [5][6]. - Longbai Group stated that the accident would not significantly impact its overall production capacity, as other subsidiaries are operating normally [6]. Group 2: Safety Management and Training - Longbai Group emphasized its commitment to safety production standardization, with Xiangyang having received a secondary safety production standardization certificate [8]. - The company conducted 2,644 safety training sessions in 2024, with 40,869 participants, and performed 1,672 safety inspections, identifying 28,614 safety hazards with a 100% rectification rate [9]. - Despite these efforts, the accident revealed potential gaps in safety management, indicating that actual practices may not align with reported achievements [10]. Group 3: Information Disclosure Issues - Longbai Group delayed the announcement of the safety incident until September 8, which contradicts its stated principles of timely information disclosure [11][12]. - The delay in reporting the incident raises questions about the company's transparency and adherence to its own disclosure standards, potentially affecting investor trust [12]. - The company has previously received high ratings for information disclosure but failed to meet these standards in this instance, highlighting a discrepancy between policy and practice [12].