Ningbo Ronbay New Energy Tech Ltd

Multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive announcements on the evening of August 3. Sunshine Co.'s controlled subsidiary plans to invest up to 980 million yuan in building the Sunshine Intelligent Computing Center project. Xingyun Technology has long-term framework orders for computing power and storage on hand exceeding 15.4 billion yuan. Hainan Expressway's wholly-owned subsidiary plans to acquire a 100 percent stake in Jiaokong Technology for 36.1038 million yuan. Rongbai Technology's Guizhou base, with an annual production capacity of 340,000 tons of lithium iron phosphate, is expected to be fully operational by the end of September. Shengda Resources' controlled subsidiary's Caiyuanzi copper-gold mine has entered the formal production stage. Laier Technology plans to raise no more than 1.17 billion yuan through a private placement for new energy carbon-coated foil and other projects. China Micro Corporation expects its first-half net profit to grow by 282.48 percent to 310.81 percent year-on-year. WuXi AppTec's first-half net profit rose 29.43 percent year-on-year, and it plans to distribute 5.1 yuan per 10 shares. Shandong Hi-Speed plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuliangye has already spent 1.002 billion yuan on share repurchases. Daqin Railway plans to repurchase shares worth 400 million to 500 million yuan for cancellation. Sinoma International signed a 476 million US dollar equipment supply contract with a company under the Dangote Group. Gaole Co.'s wholly-owned subsidiary signed a 3.195 billion yuan computing power service contract. Nanfang Precision plans to bid for land and invest about 1.024 billion yuan in building a precision components project. Sungrow Power plans to repurchase shares worth 500 million to 1 billion yuan. Shida Shenghua plans to invest a total of 2.805 billion yuan in building three projects for liquid lithium salt, electrolyte, and others.

Ronbay Technology announced plans to invest 4.723 billion yuan to build an integrated project in Xiantao with an annual capacity of 300,000 tonnes of sodium-ion battery cathode materials. The construction period is expected to be 24 months, with phased construction and gradual commissioning in three stages: 50,000 tonnes in the first phase, 100,000 tonnes in the second, and 150,000 tonnes in the third. The first phase is scheduled from August 2026 to May 2027. In the first half of the year, the company shipped nearly a thousand tonnes of sodium-ion cathode materials, and the business unit has already reduced losses. It is expected to reach a shipment scale of around 10,000 tonnes in 2026. The market widely believes that 2026 will mark the start of mass production for sodium-ion batteries. As the top supplier of sodium-ion cathode powder to CATL, Ronbay Technology supplies no less than 60 percent of CATL's total procurement of sodium-ion cathode materials. Over the past year and a half, the company's cumulative investment in major domestic and international expansion projects has exceeded 10 billion yuan, and its asset-liability ratio has risen to 69.33 percent. For this expansion project, the proportions of self-owned funds, bank loans, and other self-raised funds in the total investment are approximately 20 percent, 43 percent, and 37 percent, respectively.

Ronbay Technology announced plans to invest 4.723 billion yuan in an integrated project in Xiantao with an annual capacity of 300,000 tonnes of sodium-ion battery cathode materials. The investment includes 4 billion yuan in fixed assets and 723 million yuan in working capital. The total planned capacity of 300,000 tonnes will be built in three phases, with an expected construction period of 24 months. SMIC is scheduled to disclose its second-quarter 2026 results after the trading session on August 13 and hold an earnings briefing on the 14th. Fumiao Technology plans to acquire a 51.16% stake in Watertek for 696 million yuan, after which Watertek will be consolidated into its financial statements. The actual controller of Yongsheng Electronics proposed a share buyback of 100 million to 150 million yuan, while the controlling shareholder of Dioo Microcircuits proposed a buyback of 30 million to 60 million yuan. Espressif Systems released its semi-annual report showing net profit up 27.93% year-on-year and plans to buy back shares worth 50 million to 100 million yuan. In addition, data from the Ministry of Industry and Information Technology shows that integrated circuit design revenue reached 236.5 billion yuan in the first half of the year, up 20.1% year-on-year. The European Union plans to invest 11.4 billion US dollars to build seven AI supercomputing factories. SK Group Chairman Chey Tae-won bought 3,620 shares of SK Hynix.

On the evening of July 30, multiple listed companies on the Shanghai and Shenzhen exchanges released announcements. Chifeng Gold disclosed an updated resource estimate for the SND project at the Sepon gold-copper mine in Laos, with gold equivalent metal content increasing from 107 tonnes to 260 tonnes, a rise of approximately 143 percent. Ronbay Technology plans to invest about 4.723 billion yuan to build an integrated project in Xiantao with an annual capacity of 300,000 tonnes of sodium-ion battery cathode materials, to be advanced in three phases. Tianwei Electronics intends to acquire a 60 percent controlling stake in Xiuwei Technology for 90 million yuan, extending into the high-end equipment sector of military information technology. Hairong Technology plans to acquire a 55 percent stake in Tanghe Food for 130 million yuan and has signed a long-term strategic cooperation agreement with Hema, stipulating an annual procurement amount of no less than 210 million yuan. In terms of performance, Nuode New Materials turned losses into profits in the first half of the year, with a net profit of 103 million yuan. Yasen Integrated achieved a 204.8 percent year-on-year increase in net profit and plans to distribute 16.5 yuan per 10 shares. Eastroc Beverage reported a 20.72 percent rise in net profit and plans to distribute 30 yuan per 10 shares. Additionally, several companies disclosed buyback and shareholding increase plans. The controlling shareholder of East Sunshine plans to increase shareholdings by 300 million to 600 million yuan and proposes a buyback of the same amount. Wangsu Science and Technology plans a buyback of 300 million to 600 million yuan for cancellation.

On the evening of July 30, several listed companies disclosed important announcements. Dongpeng Beverage released its semi-annual report, with operating revenue reaching 12.443 billion yuan in the first half of 2026, up 15.89% year-on-year, and net profit attributable to shareholders of the listed company of 2.867 billion yuan, up 20.72% year-on-year. It also plans to distribute a cash dividend of 30 yuan for every 10 shares to all shareholders. The controlling shareholder of Dongyangguang proposed that the company repurchase shares with 300 million to 600 million yuan, while the controlling shareholder itself plans to increase its holdings by no less than 300 million yuan. Jahwa United announced that the tender offer results from Hangzhou Pinpianyi have been confirmed, and the company's shares will resume trading from July 31. In addition, Sanhuan Group, Wangsu Science & Technology, TGOOD, and other companies disclosed buyback plans, with buyback amounts ranging from tens of millions to 1 billion yuan. Huashu High-Tech expects first-half net profit to increase by about 87% year-on-year, while Yaxiang Integrated's net profit increased by 204.80%. Youyan New Materials plans to invest 486 million yuan to build the second-phase expansion project for high-purity sputtering targets for integrated circuits, and Rongbai Technology plans to invest about 4.723 billion yuan to build an integrated project in Xiantao with an annual output of 300,000 tons of sodium-ion battery cathode materials.

Domestic lithium battery material prices continue to climb. The average price of the electrolyte additive vinylene carbonate has reached 200,000 yuan per ton, with highs of 230,000 yuan, nearly 4.9 times higher than a year ago. Lithium carbonate prices have also doubled to 145,400 yuan per ton, while anode materials and lithium iron phosphate have seen successive price hikes. Facing supply shortages, companies such as Ronbay Technology, Tinci Materials, and Capchem have rolled out expansion plans this year, with total investment in all new and expansion projects amounting to approximately 30 billion yuan. The industry worries that collective capacity expansion may sow risks of overcapacity and a shakeout in the medium to long term, while the sector's overall gross profit margin has already fallen from 27.34 percent in 2021 to 12.56 percent in 2025.

Ronbay Technology released its 2026 interim report, with net profit attributable to the parent company of 109 million yuan, an increase of 178 million yuan compared to the same period last year, achieving a turnaround from loss to profit. The company's total operating revenue was 8.721 billion yuan, up 39.57 percent year-on-year. Net cash outflow from operating activities was 172 million yuan, and the asset-liability ratio was 69.33 percent. Gross margin was 9.40 percent, up 0.83 percentage points year-on-year, rising for two consecutive years. ROE was 1.41 percent, up 2.23 percentage points year-on-year.

Ronbay Technology disclosed its semi-annual report, achieving a net profit attributable to the parent of 109 million yuan in the first half of 2026, swinging back to profit year-on-year, compared with a loss of 68.3946 million yuan in the same period last year. The company's operating revenue for the period was 8.721 billion yuan, up 39.57% year-on-year, with basic earnings per share of 0.16 yuan. The improvement in performance was mainly due to the ramp-up of overseas customers driving a significant increase in shipments, higher capacity utilization at overseas bases, and effective dilution of unit fixed costs. Sales volume of ternary cathode materials was about 52,000 tonnes, achieving year-on-year growth; lithium iron manganese phosphate was at full production and full sales, up about 50% year-on-year; sales volume of sodium-ion cathode materials increased significantly year-on-year; and prices of major raw materials generally rose.

Lianxun Instruments expects its net profit for the first half of 2026 to grow by 802% to 926% year-on-year, reaching 510 million to 580 million yuan, mainly driven by the development of artificial intelligence technology and rising global computing power demand, which has boosted demand for high-speed optical communication products. Biwin Storage chairman Sun Chengsi has proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Sino Wealth Electronic estimates first-half net profit will rise 90.82% year-on-year to 165 million yuan, as the global AI and computing power boom spurs MCU demand. OPM Biosciences expects first-half net profit to increase 229% to around 124 million yuan, mainly due to the completion of its acquisition of Pengli Biotech. Ronbay Technology achieved a net profit of 109 million yuan in the first half, swinging from a loss a year earlier, with its lithium iron manganese phosphate products running at full production and sales. In other news, a subsidiary of Balance Medical received approval for China's first cross-linked collagen implant, ArcSoft's actual controller proposed an interim dividend of no less than 60% of first-half net profit, and Chaozhuo Aviation Technology's controlling shareholder is set to change to Taiyang Technology.

Jereh Oilfield Services announced that its subsidiary has signed a gas turbine generator supply contract worth approximately 9.95 billion yuan with a well-known international cloud service provider. Today, the three major A-share indices closed mixed. The Shanghai Composite Index ended at 3,867.03 points, up 0.07 percent, while the Shenzhen Component Index and the ChiNext Index fell 1.42 percent and 3.23 percent respectively. Total market turnover for the day was about 2.67 trillion yuan. On the sector front, precious metals led the gains, while gaming and electronic chemicals were among the biggest decliners. In addition, several companies released important announcements after the market close. Ronbay Technology reported a first-half net profit of 109 million yuan, turning around from a loss a year earlier, with its lithium manganese iron phosphate business running at full production and full sales. Goldenmax International Technology plans to invest about 2 billion yuan in a capital increase and production expansion project in Zhuhai. Biwin Storage Technology's chairman proposed a share buyback of 200 million to 250 million yuan, with all repurchased shares to be cancelled to reduce registered capital. Yisheng Livestock and Poultry Breeding's first-half net profit surged 4,897 percent year-on-year, and it plans to distribute 1.5 yuan per 10 shares.

As of July 13, a total of 11 STAR Market companies have previewed their first-half results, and all are positive, with 8 reporting expected profit growth and 3 expecting to turn profitable. Based on the median of estimated net profit growth rates, 8 companies have net profit growth exceeding 100%, and 1 has growth between 50% and 100%. Aolede expects the highest net profit growth, with a median of 548.04%, followed by Fudan Microelectronics and Ronbay Technology with growth of 364.84% and 260.83% respectively.

Penghua STAR New Energy ETF and Penghua Battery ETF both advanced, with the energy storage and lithium battery sectors catalysed by a string of positive news. On the news front, Rongbai Technology, a constituent of the STAR New Energy Index, expects second-quarter net profit to grow 662% to 834%, its lithium manganese iron phosphate business is running at full capacity with all output sold, and sodium-ion battery cathode materials are being shipped at scale. In June, domestic energy storage awarded capacity rose 124% year-on-year, with monthly tenders exceeding 90 gigawatt-hours. Headline battery makers revised their July production schedule upwards, with the month-on-month increase nudged from 4% to 5%, and the lithium battery supply chain is brewing a new round of price hike expectations. Changjiang Securities noted that domestic energy storage awards reached 18.1 gigawatts or 52.7 gigawatt-hours in June, with capacity up 124% year-on-year. First-half awards hit 248 gigawatt-hours, up 41% year-on-year, and demand has resumed high growth after lithium prices stabilised. Price increases are progressing across lithium battery segments. VC prices have already risen from 120,000 to 130,000 yuan to 150,000 to 170,000 yuan, and expectations of price hikes persist for separators, copper foil, and aluminium foil. As of 9:42 a.m. on 7 July 2026, the Shanghai Stock Exchange STAR New Energy Index was up 1.29%, Penghua STAR New Energy ETF rose 1.23% to 1.48 yuan, and Penghua Battery ETF gained 1.62% to 1.01 yuan.