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SHA:688005

4 stories mentioning SHA:688005Updated 9d ago

Every FINWIRES story that references SHA:688005, newest first.

Asia

Ronbay New Energy Invests 4.7 Billion Yuan in Hubei Sodium-Ion Cathode Plant

Ningbo Ronbay New Energy Technology (SHA:688005) is investing 4.72 billion yuan to build a 300,000-ton sodium-ion cathode material integrated project in Hubei, China.The project will be developed in three phases, starting with 50,000 tons and additions of 100,000 tons in the second phase and 150,000 tons in the last phase, according to a Friday filing with the Shanghai bourse.Construction will take 24 months.Shares of the lithium battery electrode materials manufacturer closed 1% higher Friday.

SHA:688005
Asia

Ningbo Ronbay New Energy Technology to Invest in Battery Materials JV

Ningbo Ronbay New Energy Technology (SHA:688005) and employee stock ownership platform Shanghai Dingna Xintu Enterprise Management Partnership will form a 70-30 battery materials joint venture, according to a Friday filing with the Shanghai bourse.Hubei Ronbay Sodium Electric New Energy Technology will have a registered capital of 70 million yuan, with Ronbai investing 49 million yuan or 70% of the JV and Dingna Xintu investing 21 million yuan, equivalent to 30%.The JV will then become a subsidiary of Ronbay.

SHA:688005
Asia

Ronbay New Energy Returns to Profit in H1

Ningbo Ronbay New Energy Technology (SHA:688005) returned to profitability in the first half, swinging to a net profit attributable to shareholders of 109.4 million yuan from the year-ago attributable loss of 68.4 million yuan, according to a Shanghai bourse filing on Thursday.The Chinese lithium battery electrode materials manufacturer's earnings per share was 0.16 yuan against the loss per share of 0.10 yuan in the previous year.Operating revenue jumped 40% year on year to 8.72 billion yuan from 6.25 billion yuan.The company's shares rose 3% at the close.

SHA:688005
Asia

Ronbay New Energy to Build Lithium Iron Phosphate Plant for 4.30 Billion Yuan

Ningbo Ronbay New Energy Technology (SHA:688005) plans to construct a lithium iron phosphate or LFP plant for 4.30 billion yuan, according to a Thursday filing on the Shanghai bourse.The plant will produce 340,000 tons of LFP cathode annually.

SHA:688005

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