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LB Group (002601) investor relations material
LB Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
2025 revenue reached ¥25.97 billion, down 5.61% year-over-year; net profit attributable to shareholders was ¥1.24 billion, down 42.61%.
Gross margin declined, with basic EPS at ¥0.52, a 42.86% decrease year-over-year.
Operating cash flow increased 4.44% to ¥3.97 billion.
The company maintained global leadership in titanium dioxide and sponge titanium production capacity.
Financial highlights
Revenue: ¥25.97 billion (–5.61% YoY); net profit: ¥1.24 billion (–42.61% YoY).
Gross margin for titanium dioxide: 23.04% (–8.31pp YoY); overall chemical segment margin: 21.32%.
Operating cash flow: ¥3.97 billion (+4.44% YoY); total assets: ¥64.42 billion (–2.68% YoY).
R&D investment: ¥1.13 billion, 4.37% of revenue.
Dividend payout: ¥14.23 billion in cash dividends for the year.
Outlook and guidance
2026 marks the start of the “15th Five-Year Plan”; focus on global expansion, product upgrades, and green circular economy.
Plans to further increase chloride-process titanium dioxide capacity and expand in high-end titanium and battery materials.
No annual cash dividend, stock dividend, or capital reserve transfer planned for 2025.
- Net profit fell 72.74% year-over-year as higher costs offset modest revenue growth.002601
Q1 202628 Apr 2026 - Revenue up, profit down; titanium output record, new energy weak, major leadership change.002601
Q4 202413 Mar 2026 - Revenue up 11% to RMB 26.77B, but net profit down 5.6% amid margin pressure.002601
Q4 202313 Mar 2026 - Q3 2025 saw sharp declines in revenue, profit, and cash flow amid challenging market conditions.002601
Q3 202526 Dec 2025 - Net profit fell 19.5% on lower titanium dioxide prices, but core product output reached new highs.002601
Q2 202526 Dec 2025 - Year-to-date net profit surged 19.68% on modest revenue growth and stronger cash flow.002601
Q3 202413 Jun 2025 - Net profit surged 36.4% to ¥1.72B on record titanium dioxide output and robust cash flow.002601
Q2 202413 Jun 2025 - Q1 2025 net profit fell 27.86% on weaker prices and higher costs.002601
Q1 20256 Jun 2025
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