On September 11, 2024, the China Enterprise Federation and the China Entrepreneur Association jointly released the list of "Top 100 innovative Enterprises in China". Long Bai Group (002601) ranked among them with high R & D investment, rich innovation achievements and steady business performance, and became one of the four enterprises on the list in Henan Province. So far, Longbai Group has been listed in the list of "Top 100 innovative Enterprises in China" for three consecutive years since 2022, and continues to establish the industry benchmark of innovative demonstration enterprises in Henan Province.

Innovation, let Longbai Group is new every day. Since 2023, focusing on the strategic needs of the group and the scientific and technological frontiers of the industry, the company adheres to the two-wheel drive of M & An expansion and endogenous growth, and relies on technological innovation and efficient operation mode to form a collaborative innovation pattern of "five products, five organizations and multiple bases". Build a high-quality industrial development system covering "titanium, zirconium, lithium, scandium, vanadium" and other elements related products It has become one of the few enterprises in the global industry to master the production process of titanium dioxide by sulfuric acid process and chlorination process, and to realize the integration of titanium dioxide, titanium metal and lithium iron phosphate battery industry. The production capacity of titanium dioxide and sponge titanium is in the forefront of the world, and the production and operation shows a good trend of steady development. In 2023, the group achieved 26.765 billion yuan in revenue, 3.226 billion yuan in net profit belonging to shareholders of listed companies and 2.287 billion yuan in taxes. In the first half of 2024, revenue reached 13.792 billion yuan, a record high, an increase of 4.10% over the same period last year. The net profit belonging to shareholders of listed companies was 1.721 billion yuan, an increase of 36.40% over the same period last year.

Persisting in obtaining scientific and technological achievements with high input and high output is an important initiative for Longbai to continue to become bigger and stronger. The company has invested more than 3 billion yuan in research and development in the past three years, relying on national high-tech enterprises, national CNAS accredited laboratory, national recognized enterprise technology center, national demonstration base for comprehensive utilization of mineral resources, national postdoctoral research station, Henan titanium material industry innovation center, Henan titanium-based new material industry research institute, Henan academician workstation and other innovative platforms to seriously implement the green development strategy. Focusing on the complementary chain, extended chain and strong chain of the titanium industry, we initiated three green clean manufacturing technologies, namely, sulfur-chlorine coupling, pyrite-titanium co-production and titanium-lithium coupling, to promote the company to realize the transformation of economic green cycle. at the same time, we broke through the three major neck technologies, such as upgrading chlorinated raw materials, large-scale boiling chlorination and preparation of aviation rotor-grade sponge titanium in Panxi Titanium Mine, and successively broke industry barriers and technical monopolies. And quickly realized the technology industrialization and industrial scale, and achieved a series of green innovation achievements. The Group won the first prize in the first "Zero carbon Zhongyuan Cup" Henan Green Manufacturing Technology Application Innovation Competition in 2023. The key technology and industrialization project of multi-level resource utilization of titanium dioxide by-products won the best award and excellent case of Yong'an Sustainable Development in 2023, and won the national energy efficiency leader benchmark enterprise in titanium dioxide industry for six consecutive years.

According to statistics, the group currently has more than 1200 valid patents, including 2 internationally valid patents. It has won more than 30 provincial and ministerial achievement evaluations, 1 Chinese patent award, and more than 30 scientific and technological progress awards at and above the provincial and ministerial level, including 5 first prize and 10 second prize. Presided over or participated in the compilation of more than 50 standards, including nearly 30 national standards.

In the future, Longbai Group will continue to adhere to the development line of "whole industry and great cycle", continue to innovate and explore the coupling technology of titanium and lithium industry, dig deep into the field of new energy, and be guided by the key needs of the country. aiming at the characteristics of key metals associated with non-ferrous metal resources in our province, we will build an integrated scientific research platform for industry-university-research and application, carry out in-depth integration research on titanium, zirconium, lithium, scandium, vanadium and other new materials industries, and organize and carry out major technological research. Cultivate new productive forces and contribute to the construction of a first-class innovation ecology and a national innovation highland.