LB Group(SZ:002601) Jing Ji Guan Cha Bao·2025-11-26 02:11Core Viewpoint - Longbai Group's subsidiary, Longbai Xiangyang, has been fined 1.49 million yuan due to a flash explosion accident that resulted in 5 deaths and 1 injury, highlighting significant safety management issues within the company [1][2]. Group 1: Incident Details - The flash explosion occurred on September 2, 2025, at 19:02, leading to direct economic losses of 6.4816 million yuan [1]. - The accident was attributed to violations of operational protocols and inadequate oversight by local authorities, marking it as a major production safety responsibility incident [1]. Group 2: Regulatory Response - The fine of 1.49 million yuan was determined based on regulations that stipulate penalties for incidents resulting in 5 to 7 deaths or significant economic losses [2]. - Longbai Group has acknowledged the penalty and committed to enhancing safety measures and compliance with relevant laws and regulations [2]. Group 3: Company Background - Longbai Group, headquartered in the western industrial cluster of Jiaozuo, Henan, is a large diversified enterprise focused on new material research and manufacturing, primarily producing titanium dioxide, sponge titanium, zirconium products, and lithium battery materials [2]. - The company reported a titanium dioxide production capacity of 1.51 million tons per year and sponge titanium capacity of 80,000 tons per year, both ranking first globally [2].