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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
LB Group Co., Ltd. Class A
SZSE:002601
(Shenzhen Stock Exchange)

Recent

price

14.45

P/E

ratio

34.98

div

yld

5.62%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.55
3.41
2.74
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
Revenue per Share
0.33
0.64
0.28
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
Basic EPS, GAAP
-0.02
-0.35
-0.56
-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
- -
Free Cash Flow per Basic Share
0.1
0.05
0.13
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
Dividend per Share
0.81
3.07
3.25
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
Book Value per Share
0.74
3.01
3.19
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
Tangible Book Value per Share
490
559
659
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
Basic Weighted Avg Shares
1,247
1,906
1,804
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
Sales/Revenue/Turnover
16.83
23.68
12.17
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
Operating Margin (%)
52
66
91
100
124
176
418
877
896
956
1,105
1,497
1,710
2,503
3,055
3,250
- -
Depreciation Expense
162
359
184
24
63
111
442
2,502
2,286
2,594
2,289
4,676
3,419
3,226
2,169
1,245
1,113
Net Income, GAAP
13.18
14.78
13.77
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
Effective Tax Rate (%)
12.97
18.86
10.23
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
Profit Margin (%)
82
1,059
1,124
438
-634
-1,020
665
838
-880
-547
-2,705
-4,165
-6,068
-6,495
-7,057
-52
272
Working Capital
397
- -
300
300
107
250
732
665
409
2,752
3,517
3,817
8,417
10,761
9,220
12,820
13,046
LT Debt
399
2,017
2,135
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
Total Equity
18.2
21.29
7.22
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 Invested Capital (%)
21.73
23.15
8.04
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 Capital (%)
49.18
29.76
8.89
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
Return on Common Equity (%)

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
- -
- -
- -
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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.