Gelonghui, May 28 | According to Guotai Junan Research Report, Longbai Group (002601.SZ) has a titanium dioxide production capacity of 1.51 million tons/year, which is the largest in the world, has outstanding resource advantages, and supports an annual production capacity of over one million tons of titanium concentrate. According to annual report data estimates, the company's titanium dioxide has an outstanding cost advantage, which exceeds 1,000 yuan all year round. In terms of growth, the company's Fengyuan technical improvement project continues to advance. The downstream of the titanium dioxide terminal is in the real estate and industrial sector. It is believed that with the implementation of local policies, domestic demand may gradually improve over time. Referring to comparable companies, the PE valuation was given 14.96 times in 24 years, and the target price was raised to 28.34 yuan (originally 25.00 yuan). Maintain an “Overweight” rating.