Longbai Group holds hands with the second Hospital of Henan Geology and Mineral Resources Bureau to strengthen the vertical integrated production of lithium materials.

On the evening of February 20th, Longbai Group (002601) issued a notice that the company signed a "Strategic Cooperation Framework Agreement" with the second Geology and Mineral Resources Survey Institute of Henan Geology and Mineral Resources Exploration and Development Bureau (hereinafter referred to as "the second Institute"). The cooperation period is tentatively agreed to be five years.

Longbai Group said that the cooperation between the company and the second Institute in the integration, reserve, exploration and development of titanium, zirconium, graphite, lithium and other mineral resources at home and abroad is an important measure for the company to ensure the supply of raw materials and enhance the self-sufficiency rate of raw materials, which is conducive to further strengthening the company's vertical and vertical integration production mode, and at the same time will promote the development of the mining industry and related industries, and promote the sustained, rapid and healthy development of both sides. Enhance the core competitiveness of both sides.

According to Longbai Group's previous performance forecast for 2021, the company expects to achieve a net profit of 4.577 billion yuan to 5.722 billion yuan belonging to shareholders of listed companies in 2021, an increase of 100% and 150% over the same period last year. The substantial growth in the company's performance, on the one hand, benefited from the improvement in the utilization of existing titanium dioxide capacity, especially the effective release of the company's chlorination production capacity, which led to the increase of titanium dioxide sales. On the other hand, the titanium dioxide market is in a business cycle and the price continues to rise.

It is understood that lithium-ion battery as a key cross-industry in the three major industries of new energy, new materials and new energy vehicles, the demand side is gradually expanding. Longbai Group takes the initiative to seize the development opportunity of lithium battery, making use of titanium dioxide by-products such as ferrous sulfate, and combining the company's experience in the research, development and production of powder materials, actively arranges lithium iron phosphate cathode materials and graphite anode materials.

Guohai Securities Research report shows that the layout of Longbai Group in the field of lithium materials shows the characteristics of "large chemical industry" and "large-scale". Since the first announcement on August 13, 2021, the company has planned and built a total of 350000 tons / year of iron phosphate, 350000 tons / year of lithium iron phosphate and 300000 tons / year of graphite anode materials.

In 2022, Longbai Group has efficiently promoted the construction of various lithium power projects. in response to questions from investors, Longbai Group said that the first phase of the 200000 tons of iron phosphate, 200000 tons of lithium iron phosphate and 100000 tons of graphite negative electrode projects invested by the company have successively entered a stage-by-stage commissioning state, and preparations are being carried out before the commissioning of the whole line.

On February 9th, the production line of the first phase of the project of artificial graphite anode materials for lithium-ion batteries with an annual output of 100000 tons invested by China carbon New Materials, a wholly-owned subsidiary of Longbai Group, has been completed and has entered the stage of trial production.

On February 14, the first phase of lithium-ion battery material industrialization project with an annual output of 200000 tons invested by Longbai New Materials, a wholly-owned subsidiary of Longbai Group, has been completed and has entered the stage of trial production.