Ronbay New Energy Expects to Return to Profit in H1
Ningbo Ronbay New Energy Technology (SHA:688005) predicted that it will return to profit in the first half, posting a net profit attributable to owners of between 100 million yuan and 120 million yuan, according to a Tuesday disclosure on the Shanghai bourse. The Chinese lithium battery electrode materials manufacturer's attributable profit a year earlier was 68.4 million yuan. The forecast was attributed to the recovery of the new energy industry. Earnings per share in the first half of 2025 was 0.10 yuan, while operating revenue was 6.25 billion yuan. The company's shares jumped 5% at the close.
Ningbo Ronbay New Energy Technology (SHA:688005) predicted that it will return to profit in the first half, posting a net profit attributable to owners of between 100 million yuan and 120 million yuan, according to a Tuesday disclosure on the Shanghai bourse.
The Chinese lithium battery electrode materials manufacturer's attributable profit a year earlier was 68.4 million yuan.
The forecast was attributed to the recovery of the new energy industry.
Earnings per share in the first half of 2025 was 0.10 yuan, while operating revenue was 6.25 billion yuan.
The company's shares jumped 5% at the close.