Ge Long Hui·2026-02-09 07:15Group 1 - The core viewpoint is that external demand is expected to drive a recovery in the titanium dioxide market, with Longbai Group enhancing its competitiveness through a full industry chain layout [1] - China's titanium dioxide production capacity accounts for over 50% of global capacity, and the country has been increasing its influence in the global market as traditional European and American producers face operational pressures [1] - The rigid growth in demand from emerging countries and the irreplaceability of Chinese production capacity are anticipated to drive a recovery in the titanium dioxide market, presenting opportunities for leading companies like Longbai Group to achieve both volume and profit growth [1] Group 2 - The report indicates that due to significant increases in raw material prices, such as sulfur, and a decline in titanium dioxide prices, the company's net profit forecasts for 2025-2027 have been revised down to 1.847 billion, 2.825 billion, and 3.320 billion yuan respectively [1] - The target price is set at 23.80 yuan based on a 20x PE ratio for comparable companies in 2026, while maintaining an "overweight" rating [1]