第一财经记者从原告代理人方达律师事务所了解到，深圳市速腾聚创科技有限公司11月向广东省深圳市 中级人民法院提交了针对深圳市灵明光子科技有限公司诉讼的立案申请，目前在等待法院立案，案由为 侵害技术秘密纠纷。据悉，速腾聚创指控灵明光子涉嫌侵犯速腾聚创自研SPAD芯片的相关技术秘密， 要求其停止制造、销售涉案芯片产品。 SPAD芯片有激光雷达"数字心脏"之称，据公开信息，此前速腾聚创基于通过车规认证并实现量产的 SPAD-SoC芯片，推出了数字化全固态激光雷达E平台。记者联系灵明光子，工作人员表示未收到相关 函件，速腾聚创也未就诉讼细节予以置评。（第一财经记者 郑栩彤） (本文来自第一财经) ...

Core Viewpoint - Longbai Group has filed a lawsuit against former executives and Hebei Yanshan Steel Group for infringement of trade secrets related to chloride titanium dioxide technology, seeking compensation of 1.311 billion yuan [1][2] Group 1: Legal Action and Allegations - Longbai Group's subsidiary, Yunnan New Li Titanium Industry, has initiated legal proceedings against former executives and Hebei Yanshan Steel for allegedly infringing on proprietary chloride titanium dioxide production technology [1][2] - The lawsuit claims that the defendants utilized confidential technology to assist Hebei Yanshan in planning and constructing its chloride titanium dioxide production line [2] - The case has been in judicial proceedings for over three years, with a criminal case against the former executives currently under trial [2] Group 2: Technology and Market Position - The chloride titanium dioxide production process is considered a "bottleneck" technology in the industry, characterized by high technical barriers and previously dominated by foreign companies [1][3] - Longbai Group is the largest producer of titanium dioxide in the world, with an annual chloride production capacity of 660,000 tons, ranking first in China and third globally [3] - The company has invested over 10 billion yuan in technology development, achieving over 280 patents in chloride titanium dioxide production technology [3] Group 3: Competitor Activities - Hebei Yanshan Steel is actively pursuing a large-scale chloride titanium dioxide production project, investing 12 billion yuan in various initiatives [3] - The company claims to utilize world-class chloride titanium dioxide technology and aims to establish a production base with a capacity of one million tons [3] - There is an ongoing legal dispute between Hebei Yanshan and Yunnan New Li, with the former having previously filed a lawsuit against the latter regarding intellectual property rights [3]

Core Viewpoint - The company, Longbai Group, has initiated a lawsuit regarding the infringement of its technical secrets related to the chlorination process for titanium dioxide production, with a total claim amounting to RMB 131.05 million [2][3]. Group 1: Lawsuit Details - The lawsuit has been officially accepted by the Yunnan Provincial High People's Court, with Longbai Group's subsidiary, Yunnan Xinli, as one of the co-plaintiffs [3]. - The defendants include individuals who previously held significant positions within Yunnan Xinli and a related company, Hebei Yanshan Steel Group [4][5]. - The lawsuit claims that the defendants misused the company's technical secrets for their own benefit in the planning and construction of a titanium dioxide production line [5]. Group 2: Legal Claims - The plaintiffs are seeking several legal remedies, including an injunction against the defendants from using the technical secrets, destruction of materials containing the secrets, and public apologies in specified media [6]. - The total economic damages claimed by the plaintiffs amount to RMB 130.05 million, with an additional RMB 10 million for reasonable legal expenses [6]. Group 3: Previous Legal Actions - The company has previously disclosed related legal matters, including a criminal case against some defendants for the infringement of commercial secrets, which is still pending judgment [7]. - Another civil case involving Yunnan Xinli as a defendant has been initiated by a subsidiary of Hebei Yanshan Steel Group, with a claim of RMB 500,000, which is also unresolved [7]. Group 4: Financial Impact - The company is currently unable to assess the impact of this lawsuit on its profits for the current or future periods, as the case has not yet gone to trial [9].

Core Viewpoint - Longbai Group's subsidiary, Yunnan Xinli Titanium Industry Co., Ltd., has filed a lawsuit for the infringement of trade secrets, seeking compensation exceeding 1.31 billion yuan [1][9]. Legal Action - The lawsuit was filed against four defendants, including former key personnel from Yunnan Xinli, who allegedly used the company's trade secrets for their new employer, Hebei Yanshan Steel Group's affiliate [1][7]. - The trade secrets in question pertain to the construction process and production technology of a large-scale chlorinated titanium dioxide production line [2][7]. Claims and Compensation - Yunnan Xinli has made six specific legal requests, including an immediate cessation of the use and disclosure of the trade secrets, destruction of materials containing these secrets, and a total compensation claim of 1.3005 billion yuan, along with an additional 10 million yuan for legal expenses [9][11]. - The lawsuit is still pending, and no legal judgment has been made yet regarding its impact on the company's profits [9][11]. Company Performance - As of October 14, Longbai Group's stock price was 19.53 yuan per share, with a market capitalization of 46.6 billion yuan, reflecting a decline of 2.01% [1]. - For the first half of 2025, Longbai Group reported a revenue of 13.33 billion yuan, a decrease of 3.34% year-on-year, with titanium dioxide business revenue accounting for 64.99% of total revenue [11][12]. - The net profit attributable to shareholders decreased by 19.53% to 1.385 billion yuan, primarily due to falling titanium dioxide prices [11][12].

Core Viewpoint - Longbai Group's subsidiary, Yunnan Xinli Titanium Industry Co., Ltd., has filed a lawsuit for the infringement of trade secrets, seeking compensation exceeding 1.31 billion yuan [1][4]. Legal Action - The lawsuit involves four defendants, including former key leaders and technical personnel from Yunnan Xinli, who later joined a related company of Hebei Yanshan Steel Group [4][13]. - The trade secrets in question pertain to the construction process and production technology of a large-scale chlorinated titanium dioxide production line, which Yunnan Xinli has implemented with strict confidentiality measures [8][13]. - Yunnan Xinli has previously filed a criminal complaint against the defendants for the alleged infringement, leading to an ongoing criminal investigation [13][14]. Claims and Compensation - Yunnan Xinli has made six specific legal requests, including an injunction against the defendants from disclosing or using the trade secrets, the destruction of materials containing the trade secrets, and a total compensation claim of 1.3005 billion yuan for economic losses, along with an additional 10 million yuan for reasonable legal expenses [15]. Company Performance - As of October 14, Longbai Group's stock price was 19.53 yuan per share, with a market capitalization of 46.6 billion yuan, reflecting a decline of 2.01% [4]. - In the first half of 2025, Longbai Group reported a revenue of 13.331 billion yuan, a decrease of 3.34% year-on-year, with titanium dioxide business revenue accounting for 64.99% of total revenue [16][19]. - The net profit attributable to shareholders decreased by 19.53% to 1.385 billion yuan, primarily due to falling titanium dioxide prices [19].

Macro Dynamics - The People's Bank of China will conduct a 600 billion yuan reverse repurchase operation on October 15, 2025, with a term of 6 months [2] Industry Developments - Shanghai's Economic and Information Commission has issued an action plan for the high-quality development of the smart terminal industry (2026-2027), focusing on the layout of core chips such as SoC and CPU, covering X86, ARM, and RISC-V technology routes [3] - The World Steel Association forecasts that global steel demand will reach approximately 1.75 billion tons in 2025, remaining stable compared to 2024, with a mild rebound of 1.3% expected in 2026 [5] Company News - Goldman Sachs has upgraded the rating of Tigermed's A-shares from "Neutral" to "Buy," raising the target price from 62.1 yuan to 77.1 yuan, citing attractive entry points and expected growth in new orders [7] - DJI has filed an appeal against the U.S. Department of Defense regarding its designation as a "Chinese military enterprise," asserting its commitment to preventing the misuse of its products for military purposes [13] - JD.com announced a collaboration with CATL and GAC Group to launch a new car on November 9, clarifying that JD will not be directly involved in manufacturing [14] - G-bits expects a net profit increase of 57% to 86% year-on-year for the first three quarters of 2025, driven by new game launches [15] - Grand Materials announced that its chairman has been placed under detention, but the company's operations remain normal [16] - Shenghe Resources anticipates a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, attributed to favorable market conditions for rare earth products [18] - Shandong Gold expects a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, driven by improved operational efficiency and rising gold prices [19] - Longbai Group has filed a lawsuit for 1.3105 billion yuan due to the infringement of trade secrets [20]

Core Viewpoint - Longbai Group's subsidiary, Yunnan Metallurgical New Li Titanium Industry Co., Ltd., has initiated a lawsuit regarding the infringement of trade secrets, with the Yunnan Provincial High People's Court accepting the case involving a total amount of 1.311 billion yuan [1] Group 1 - The lawsuit was filed by Yunnan New Li as one of the joint plaintiffs in a civil litigation case [1] - The Yunnan Provincial High People's Court has officially accepted the case for further proceedings [1] - The total amount involved in the case is 1.311 billion yuan [1]