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    Process industries

  3. •

    Chemicals: specialty
LB Group Co., Ltd. Class A

LB Group Co., Ltd. Class A

SSZSE:002601
14.45
CNY
+0.28
(+1.98%)
0.50EPS
34.98P/E
39.29BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.5
3.08
3.82
4.07
5.17
5.31
5.68
6.99
9.35
10.31
11.46
11.56
10.86
11.53
Basic EPS, GAAP
0.03
0.09
0.16
0.43
1.25
1.15
1.29
1.13
2.12
1.46
1.38
0.91
0.52
0.47
Free Cash Flow per Basic Share
-0.93
-0.68
-1.27
0.23
1.1
0.79
0.5
1.07
0.71
-0.63
0.2
0.93
0.86
- -
Dividend per Share
0.11
0.11
0.15
0.77
0.78
1.34
0.96
1.15
1.32
1.35
1.19
1.23
0.82
0.81
Book Value per Share
3.23
3.27
3.21
6.07
6.34
6.11
6.83
6.99
7.94
8.71
9.42
9.64
9.6
9.57
Tangible Book Value per Share
3.12
3.05
3
2.97
3.24
3.05
3.59
3.19
4.57
5.14
5.87
6.1
6.12
6.13
Basic Weighted Avg Shares
688
670
696
1,028
2,002
1,988
2,011
2,025
2,206
2,342
2,338
2,383
2,393
2,363
Sales/Revenue/Turnover
1,723
2,063
2,660
4,184
10,353
10,554
11,420
14,164
20,617
24,155
26,794
27,539
25,988
27,241
Operating Margin (%)
1.8
5.77
7.4
16.22
32
29.36
29.98
25.3
28.73
17.84
16.72
14.98
9.44
8.97
Depreciation Expense
100
124
176
418
877
896
956
1,105
1,497
1,710
2,503
3,055
3,250
- -
Net Income, GAAP
24
63
111
442
2,502
2,286
2,594
2,289
4,676
3,419
3,226
2,169
1,245
1,113
Effective Tax Rate (%)
12
12.27
12.31
15.03
15.27
14.57
13.82
17.45
14.2
13.16
17.13
23.07
25.09
21.4
Profit Margin (%)
1.37
3.06
4.19
10.57
24.17
21.66
22.71
16.16
22.68
14.16
12.04
7.87
4.79
4.09
Working Capital
438
-634
-1,020
665
838
-880
-547
-2,705
-4,165
-6,068
-6,495
-7,057
-52
272
LT Debt
300
107
250
732
665
409
2,752
3,517
3,817
8,417
10,761
9,220
12,820
13,046
Total Equity
2,168
2,234
2,358
12,742
13,334
12,634
14,072
15,838
20,789
23,267
25,025
25,792
27,352
27,388
Return on Invested Capital (%)
0.61
1.66
2.83
4.53
15.46
12.97
14.07
10.39
17.08
10.12
7.51
4.73
2.4
2.3
Return on Capital (%)
1.62
3.14
3.85
5.09
15.29
13.84
14.78
10.98
17.53
10.51
8.51
5.84
3.5
2.83
Return on Common Equity (%)
1.1
2.9
4.97
6.04
19.84
18.06
19.73
16.31
28.25
17.21
14.9
9.54
5.42
4.78

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11,033
10,517
9,875
LT Borrowings
12,812
13,400
13,031
LT Finance Leases
8
4
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,384
2,384
2,384
Market Capitalization
46,684
41,510
39,292

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
22,716
22,377
20,039
Cash, Cash Equivalents & STI
9,127
8,390
5,591
Accounts Receivable, Net
3,398
4,227
4,228
Inventories
7,143
6,361
7,144
Total Current Liabilities
22,768
21,664
19,767
Payables & Accruals
- -
- -
- -
ST Debt
11,033
10,517
9,875
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.36%
11.97%
6.05%
Free Cash Flow
76.64%
3.54%
-6.86%
Net Income, GAAP
75.22%
-0.72%
-42.61%
Sales/Revenue/Turnover
30.97%
14.16%
-5.63%
Total Cash Common Dividend
82.87%
-1.28%
-32.97%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,294
6,510
7,081
6,654
27,539
2025
7,060
6,282
- -
6,537
25,988
2026
7,158
7,264
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.32
0.38
-0.17
0.91
2025
0.29
0.29
- -
-0.18
0.52
2026
0.08
0.28
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.34
0.45
0.37
1.23
2025
0.06
0.56
- -
0.15
0.82
2026
0.05
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Peng Sen Wu
Full Time Employees
19,100
Sector
Process industries
Industry
Chemicals: specialty
Address
Zhongzhan District Jiaozuo HA China 454191
IPO Date
Jul 5, 2011
Website
billionschem.com
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Business
LB Group Co., Ltd. manufactures and sells high-performance titanium dioxide (TiO₂) pigments, titanium sponge, zirconium-based products, ferrous sulphates, and materials for renewable energy production. The company operates primarily in China with 11 production sites and serves international markets. It offers its products under the BILLIONS™ brand, catering to coatings, paints, plastics, inks, and paper industries. Founded in 1955 and headquartered in Jiaozuo, China, LB Group is the world's largest producer of TiO₂ pigments by production capacity. In recent developments, LB Group has scaled back further investments in new energy materials while accelerating its overseas expansion and market diversification strategy. It also repurchased its controlling subsidiary Yunnan Guotai Company for approximately 2.57 billion yuan and continues legal actions against EU dumping tariffs on its titanium dioxide products. The company reported a 2024 revenue of approximately 27.5 billion yuan with a net income decrease mainly attributed to increased asset impairment and financial expenses but expects profitability improvements with market recovery in 2025.