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LB Group (002601) investor relations material
LB Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached ¥14.42 billion, up 8.15% year-over-year, but net profit attributable to shareholders fell 39.08% to ¥843.83 million due to higher raw material costs, lower titanium product prices, and foreign exchange losses.
Operating cash flow increased 21.73% year-over-year to ¥1.85 billion.
The company maintained its global leadership in titanium dioxide and sponge titanium production capacity.
Financial highlights
Gross margin for chemical products was 19.69%, down 4.58 percentage points year-over-year.
EBITDA to total debt ratio was 11.22%, and interest coverage ratio was 5.58x.
Total assets at period end were ¥61.62 billion, down 4.35% from year-end 2025.
Net assets attributable to shareholders were ¥22.82 billion.
Basic EPS was ¥0.3562, down 39% year-over-year.
Outlook and guidance
The company will continue to expand global production, optimize product structure, and invest in R&D for high-end and green products.
No interim dividend, bonus shares, or capital increase from reserves is planned for H1 2026.
- 2025 net profit dropped 42.61% on lower revenue and margin, despite global expansion.002601
Q4 2025 - Net profit fell 72.74% year-over-year as higher costs offset modest revenue growth.002601
Q1 2026 - Revenue up, profit down; titanium output record, new energy weak, major leadership change.002601
Q4 2024 - Revenue up 11% to RMB 26.77B, but net profit down 5.6% amid margin pressure.002601
Q4 2023 - Q3 2025 saw sharp declines in revenue, profit, and cash flow amid challenging market conditions.002601
Q3 2025 - Net profit fell 19.5% on lower titanium dioxide prices, but core product output reached new highs.002601
Q2 2025 - Year-to-date net profit surged 19.68% on modest revenue growth and stronger cash flow.002601
Q3 2024 - Net profit surged 36.4% to ¥1.72B on record titanium dioxide output and robust cash flow.002601
Q2 2024 - Q1 2025 net profit fell 27.86% on weaker prices and higher costs.002601
Q1 2025
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