The world's third largest titanium dioxide producer, Longbai Group, submitted to the Hong Kong Stock Exchange that the company owns China's largest vanadium titanomagnetite

According to the disclosure of the Hong Kong Stock Exchange on April 13, Longbai Group Co.
, Ltd.
(“Longbai Group”) submitted a listing application to the main board of the Hong Kong Stock Exchange.
CICC, CMB International, Guotai Junan International, and GF Capital (Hong Kong) were Joint Sponsors
.
It is reported that Longbai Group has been listed on the Shenzhen Stock Exchange, code: 002610.
SZ
.


The company is a leader in the production of titanium dioxide in the world
.
According to Frost & Sullivan, the Company is the third largest producer of titanium dioxide in the world and the largest producer of titanium dioxide in Asia and China in 2020 in terms of production volume, sales volume, sales revenue and production capacity
.
For the year ended December 31, 2020, the company accounted for 11.
4% of the global market share and 23.
4% of the Chinese market share in terms of production volume, 11.
7% of the global market share and 24.
0% of the Chinese market share in terms of sales volume In terms of revenue, it accounted for 10.
3% of the global market share and 26.
5% of the Chinese market share
.
As of December 31, 2020, the company accounted for 11.
7% of the global market and 20.
9% of the Asian market share in terms of production capacity, and the company's market share in Asia far exceeded that of the second largest producer in Asia (with a market share of 8.
3%) and other Asian competitor
.
The company's titanium dioxide products are mainly used as raw materials for the production of coatings, plastics, paper and inks
.


The company has high-quality mineral resources and deep processing capabilities, and its products run through the entire titanium industry chain
.
As of December 31, 2021, the company held a majority stake in three mines in China, two of which were in operation
.
According to Frost & Sullivan, the Company's Panzhihua vanadium-titanium-magnetite mine is the largest vanadium-titanium-magnetite mine in China in terms of titanium concentrate production in 2020
.
The "horizontal coupling green economy model" adopted by the company enables the recycling of by-products and wastes in the production process, which effectively provides a more stable supply of raw materials while reducing waste emissions
.
The company has also adopted the "vertical vertical integration" production model, which enables the company to set up the production lines of upstream and downstream products of the industrial chain in the same factory area, thereby optimizing production
.
Through these unique production models, the company can achieve large-scale, low-cost co-production and improve resource allocation efficiency
.


The details of the company's product revenue and gross profit margin are as follows:

In 2019, 2020 and 2021, Longbai Group's revenue was approximately RMB 11.
42 billion, RMB 13.
960 billion and RMB 20.
617 billion respectively
.
During the same period, the profits for the year were approximately RMB 2.
617 billion, RMB 2.
340 billion and RMB 4.
776 billion respectively
.