LB Group(SZ:002601) Sou Hu Cai Jing·2025-09-19 06:33Core Viewpoint - Longbai Group reported a decline in both revenue and profit for the first half of 2025, indicating potential challenges in its operational performance [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 13.33 billion yuan, a decrease of 3.34% compared to the same period last year [1]. - Net profit attributable to shareholders was 1.39 billion yuan, down 19.53% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 1.35 billion yuan, reflecting a decline of 19.61% [1]. - Basic earnings per share were 0.58 yuan, a decrease of 19.44% from the previous year [1]. - The company's gross margin was 23.62%, down 3.91 percentage points year-on-year, while the net margin was 10.48%, a decrease of 1.94 percentage points [2]. Cash Flow and Expenses - The net cash flow from operating activities was 1.52 billion yuan, an increase of 10.84% compared to the previous year [1]. - Total operating expenses for the first half of 2025 were 1.39 billion yuan, a reduction of 1.07 billion yuan year-on-year, with an expense ratio of 10.41%, down 0.42 percentage points [2]. - Sales expenses decreased by 15.84%, while management expenses increased by 12.83% [2]. Shareholder and Management Changes - Xu Ran, the new vice chairman of Longbai Group, received a salary of 1.472 million yuan in 2024, a 69.43% increase from the previous year [2]. - Following the death of the former controlling shareholder Xu Gang, Xu Ran and her underage brother inherited the shares, making her the new controlling shareholder [6]. Company Overview - Longbai Group, established in August 1998 and listed in July 2011, specializes in the production and sale of titanium dioxide, zirconium products, and aluminum sulfate [7].