Longbai Group is included in the list of "Top 500 Private Enterprises in China" and "Top 500 Private Enterprise Manufacturing in China"

On October 12, 2024, the All-China Federation of Industry and Commerce and the Gansu Provincial People's Government held a series of activities in Lanzhou, Gansu Province,"2024 China's Top 500 Private Enterprises Launch Conference and National Outstanding and Strong Private Enterprises Rising". Xu Ran, Vice Chairman of the Group, attended the conference. At the meeting, the list of the 2024 Top 500 Private Enterprises and Top 500 Manufacturing Enterprises in China was released. Longbai Group ranked 491st in the list of the Top 500 Private Enterprises in China and 328th in the list of the Top 500 Manufacturing Enterprises respectively with its outstanding and steady performance and a strong sense of responsibility for private enterprises. Among them, the top 500 manufacturing enterprises increased by 20 places compared with last year, and has won this honor for six consecutive years.

In recent years, focusing on the strategic needs of enterprises and the technological frontiers of the industry, Longbai Group has anchored the overall situation of "serving the market" and built products covering elements such as "titanium, zirconium, lithium, scandium, and vanadium" with innovation, reform, and optimization as the main line. High-quality industrial development system, titanium dioxide and titanium sponge production capacity both ranks among the top in the world, and production and operation show a good trend of steady development.

Entering the second half of the "14th Five-Year Plan" development, the company focuses on stabilizing quality, promoting production, reducing costs, improving efficiency, and ensuring growth to boost the confidence of all employees, enhance risk resilience, and effectively increase titanium dioxide and sponge titanium production capacity utilization rate, market share, and operating performance have steadily increased. According to statistics, in 2023, the Group's titanium dioxide output and sales volume will reach 1.2 million tons and 1.1 million tons respectively, achieving revenue of 26.765 billion yuan, net profit attributable to shareholders of listed companies will be 3.226 billion yuan, and taxes paid will be 2.287 billion yuan. Especially in the first half of 2024, the company's revenue, production and sales hit new highs, of which revenue was 13.792 billion yuan, a year-on-year increase of 4.10%. The net profit attributable to shareholders of listed companies was 1.721 billion yuan, a year-on-year increase of 36.40%; the production of titanium dioxide was 649,600 tons, a year-on-year increase of 9.70%; the sales of titanium dioxide was 599,600 tons, a year-on-year increase of 3.70%; The production of sponge titanium was 33,100 tons, a year-on-year increase of 29.12%; the sales of sponge titanium was 30,800 tons, a year-on-year increase of 60.32%. A series of vivid figures demonstrate Longbai's strong development and acceleration.

Innovation is the first driving force. Persisting in obtaining high output of scientific and technological achievements with high investment is a major feature of Longbai's innovative management. In 2023, the company's R & D investment will be 1.014 billion yuan. In the past three years, the cumulative R & D investment will exceed 3 billion yuan. Currently, it has obtained more than 1200 valid patents, including 2 internationally valid patents.

Relying on innovation platforms such as national-level high-tech enterprises, national CNAS accredited laboratories, national postdoctoral scientific research workstations, Henan Province Titanium Materials Industry Innovation Center, Henan Province Titanium-based New Materials Industry Research Institute, the group's scientific research team continues to tackle key problems around the titanium industry's chain replenishment, chain extension, and chain strengthening, and pioneered three major green clean manufacturing technologies, including sulfur-chlorine coupling, sulfur-iron-titanium co-production method, and titanium-lithium coupling. Promote the company to achieve economic green cycle transformation, and at the same time break through the upgrading of Panxi Titanium Mine chlorinated raw materials. The three major bottleneck technologies, including large-scale boiling chlorination and rotor-grade titanium sponge preparation for aviation, have successively broken down industry barriers and technical monopolies, and quickly achieved technology industrialization and industrial scale, attracting industry attention.

High technology creates good products. Focusing on the work direction of "stabilizing the quality of titanium dioxide products and expanding varieties", the group developed and produced high-end chlorinated titanium dioxide powders such as BLR-895, BLR-886, BLR-896, and BLR-852 are ultra-white and ultra-bright, reaching international advanced and meeting customers 'diversified product needs. Entering 2024, the group's new product research and development will achieve fruitful results. Six new brand products developed and produced by the company, including high-performance and high-weather resistance BLR-896+, high-end color masterbatch titanium dioxide BLR-887, BLR-885 for outdoor plastics, non-TMP BLR-895 and BLR-698, have been recognized by customers, demonstrating the development charm of new productivity.

An enterprise can do as much as it takes on responsibilities, and achieve as much as it takes on responsibilities. It is precisely because of this entrepreneurial sentiment and responsibility that Longbai Group has always adhered to the concept of symbiotic development with justice and benefit, consciously fulfilled its mission of "creating a beautiful life and being a respected enterprise", and solidly carried out flood prevention and disaster relief, co-construction of enterprises and land, environmental protection management,"Golden Autumn Scholarship", respecting the elderly and helping the disabled, public welfare donations, and condolences to difficulties and other public welfare activities.

In 2020 and 2021, the Group donated 5 million yuan to the Red Cross twice to help fight the COVID-19 epidemic and Henan flood prevention and disaster relief work. In 2022, we will donate a total of 1.5 million yuan to Panzhihua City Charity Association and Yanbian County Charity Association to carry out assistance from the "Big Eagle Like Water and Spring Breeze" education and inspirational fund to fully assist rural revitalization. In 2023, the Group will sponsor 4 million yuan to support the 11th China Jiaozuo International Tai Chi Competition and the 2023 Yuntai Mountain Tourism Festival. At the same time, it will strengthen the implementation of village-enterprise co-construction projects and support nearly 10 million yuan in rural tourism construction and ecological and environmental protection funds in surrounding villages and towns by local enterprises. According to statistics, the group invests approximately 15 million yuan in social welfare every year.