On April 23, Longbai Group, the world's largest supplier of sulfuric acid titanium dioxide, released the "2023 Annual Report". According to the report, in 2023, Longbai Group will achieve operating income of 26.765 billion yuan, a year-on-year increase of 11%, net profit attributable to the parent company of 3.226 billion yuan, a year-on-year decrease of 5.64%, and net profit attributable to the parent company after deducting non-profits of 3.116 billion yuan, a year-on-year decrease of 4.68%. According to the company's operating conditions in 2023, the board of directors of Longbai Group plans not to distribute cash dividends, not to give bonus shares, and not to use provident funds to increase share capital.

Longbai Group did not provide an explanation for the changes in operating income and profit. According to the analysis of the Mai Chemical and Plastic Research Institute, the sales volume of titanium dioxide of Longbai Group increased by nearly 25% year-on-year, and the sales revenue increased by about 10% in the same period, and the sales growth should be the main reason for the increase in operating income.

By the end of 2023, Longbai Group has a titanium dioxide production capacity of 1.51 million tons/year, a titanium sponge production capacity of 50,000 tons/year, both of which rank among the top in the world, a lithium iron phosphate production capacity of 50,000 tons/year, an iron phosphate production capacity of 100,000 tons/year, a graphite anode production capacity of 25,000 tons/year, and a graphitization production capacity of 50,000 tons/year.