Titanium dioxide leader Longbai delivers table A shares on the Hong Kong Stock Exchange have fallen by nearly 60% a year.

002601.SZ Group, which is listed in China and the third largest titanium dioxide producer in the world, submitted its prospectus to the Hong Kong Stock Exchange on the evening of the 13th.

According to Frost Sullivan, the company is the world's third largest producer of titanium dioxide in 2020 and the largest producer in Asia and China in terms of production, sales, revenue and production.

By the end of 2020, the company accounted for 11.4% of the global market share and 23.4% of the Chinese market share in terms of output, 11.7% of the global market share and 24.0% of the Chinese market share in terms of sales volume, and 10.3% of the global market share and 26.5% of the Chinese market share in terms of sales revenue.

As of the same date, the company accounted for 11.7% of the global market by production and 20.9% of the Asian market share, and the company's market share in Asia far exceeded that of the second largest producer in Asia (8.3%) and other Asian competitors.

The company's titanium dioxide products are mainly used in the production of coatings, plastics, paper and ink and so on.

Reviewing the company's performance in A-shares, after hitting a high of 50.53 yuan in February last year, the stock price fell steadily, trading at 21.74 yuan at press time, falling 56.97% from the high level.