Longbai Group (002601.SZ) accepted institutional research and on-site visits, and asked,"What are the competitive advantages compared with Chinese peer companies in sponge titanium? After the cooperation with Yongjin, what breakthroughs may be made in the future for civilian products in the field of midstream processing of titanium sponge?"

The company replied that it has the following advantages compared with its Chinese counterpart companies: first, the advantages of the entire industry chain, the company owns titanium concentrate-titanium rich material-titanium tetrachloride-titanium sponge; second, the location advantage of the factory area, the company has two existing titanium sponge factories have relatively cheap electricity prices; 3. Technical advantages. The company also grasps the sponge titanium production technology of Ukraine, Japan and the United States. The sponge titanium production line has a high degree of automation. At the same time, through lean management and control, the company's power consumption per ton of sponge titanium is lower than that of the same industry.

The company established Zhongyuan Titanium in a joint venture with Yongjin and other companies to expand the application of titanium to more civilian fields so that everyone can consume it, such as the Apple 15 mobile phone shell.