LB Group Co., Ltd.

002601

CNE1000015M3

Specialty Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
21 ^CNY	+0.33%		+5.05%	+22.59%

Apr. 24	LB Group's Q1 Profit Jumps 64%, Operating Income Rises 5%	MT
Apr. 24	Chinese Shares Rise on Positive Outlook from Goldman Sachs, UBS; LB Group Up 7% on Titanium Asset Investment	MT

LB Group's Board Approves to Spin Off Metals Unit for Listing in Shenzhen Stock Exchange

November 21, 2023 at 06:01 am EST

LB Group Co., Ltd. (SZSE:002601) said plans to set up investment JV with total amount of CNY 3.5 billion ($485.36 million). It says board approves to spin off metals unit for listing in Shenzhen Stock Exchange.

Latest news about LB Group Co., Ltd.

LB Group's Q1 Profit Jumps 64%, Operating Income Rises 5%	Apr. 24	MT
Chinese Shares Rise on Positive Outlook from Goldman Sachs, UBS; LB Group Up 7% on Titanium Asset Investment	Apr. 24	MT
LB Group to Acquire 20% of Henan Zhongyuan Titanium for 50 Million Yuan; Shares Up 6%	Apr. 24	MT
LB Group's 2023 Profit Falls 6% Despite 11% Rise in Operating Income; Shares Jump 5%	Apr. 24	MT
Henan Caiyuan Yifeng Industrial Investment Partnership Enterprise (Limited Partnership) agreed to acquire 20% stake in Henan Zhongyuan Titanium Industry Co., Ltd. from LB Group Co., Ltd.	Apr. 23	CI
LB Group Co., Ltd. Proposes Cash Dividend for the First Quarter of 2024	Apr. 23	CI
LB Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
LB Group Plans to Buy Back Up to 200 Million Yuan Worth of Shares	Mar. 12	MT
Guangdong Orient Zirconic Ind Sci & Tech Co.,Ltd cancelled the transaction announced on April 19, 2022	Jan. 26	CI
LB Group's Board Approves to Spin Off Metals Unit for Listing in Shenzhen Stock Exchange	Nov. 21	CI
LB Group Co., Ltd. Implements Third Quarter Profit Distribution Plan for 2023, Payable on 08 November 2023	Nov. 01	CI
LB Group Co., Ltd. Approves Cash Dividend for the Third Quarter of 2023	23-10-31	CI
LB Group Co., Ltd. Proposes Quarterly Cash Dividend for the Third Quarter of 2023	23-10-15	CI
LB Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-13	CI
LB Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-25	CI
LB Group to Liquidate 3 Billion Yuan Fund	23-07-11	MT
LB Group Co., Ltd. Approves Cash Dividend on A Shares for the First Quarter of 2023, Payable on May 29, 2023	23-05-23	CI
Capital Metals Shares Surge on Offtake Agreement With LB Group	23-05-09	DJ
LB Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-27	CI
LB Group Co., Ltd. Announces Executive Appointments	23-04-18	CI
Jiaozuo Dingjie Electromechanical Installation Co., Ltd. agreed to acquire Billions Financial Leasing Co., Ltd. from LB Group Co., Ltd., Billions (Hong Kong) Corporation Limited and Shenzhen Furun Asset Management Co., Ltd. for CNY 318.42 million.	22-12-29	CI
Jiaozuo Dingjie Electromechanical Installation Co., Ltd. greed to acquire 30% in Jiaozuo Shifan District Yili Microfinance Co., Ltd. from LB Group Co., Ltd. for CNY 64.8 million.	22-12-29	CI
LB Group to Buy Titanium Metal, Zirconium Assets for 402 Million Yuan	22-12-07	MT
LB Group Unit Falls Victim to Trade Secret Theft	22-11-17	MT
Lb Group Co., Ltd. Approves Profit Distribution for the Third Quarter of 2022	22-11-10	CI

Chart LB Group Co., Ltd.

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Company Profile

LB Group Co Ltd, formerly Lomon Billions Group Co Ltd, is a China-based company principally engaged in the manufacture and distribution of fine chemical products. The Company's main products include titanium dioxide, primarily consisting of rutile type titanium dioxide, which is applied in paints, plastics, paper making, rubber, printing oil, chemical fiber, ceramics and cosmetics industries, among others, as well as zirconium products and aluminum sulfate, among others. The Company distributes its products in domestic and overseas markets.

Sector

Specialty Chemicals

Calendar

2024-05-14 - Annual General Meeting

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Ratings for LB Group Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21 CNY

Average target price

23.02 CNY

Spread / Average Target

+9.64%

Consensus

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Other Specialty Chemicals

LB Group Co., Ltd.

Equities

002601

CNE1000015M3

Specialty Chemicals

LB Group's Board Approves to Spin Off Metals Unit for Listing in Shenzhen Stock Exchange

EPS Revisions