Brief Introduction

Ningbo Rongbay New Energy Technology Co., Ltd. (abbreviated as "RONBAY TECHNOLOGY", stock code: 688005) is a multinational group company in high-tech new energy materials industry, specializing in the R&D, production and sales of lithium battery cathode materials. Our teams from China and South Korea with more than 20 years of successful entrepreneurial experience in lithium battery cathode material industry have jointly created the company. The company was listed on the STAR Market in SSE on July 22, 2019, one of the first 25 listed companies on STAR Market. The founder of the company, Mr. Bai Houshan, is the "Top Ten People" of the South China Lithium Battery Forum, director of China Chemical and Physical Power Supply Industry Association, annual person of China's battery industry, director of China Electric Vehicles hundred people Association. Members of Ronbay Technology include six holding subsidiaries and one joint venture over China and South Korea. Ronbay Technology has established long-term cooperative relationships with customers such as CATL, BYD, LG Chem, Tianjin Lishen, Farasis Energy, etc. Ronbay Technology provides supporting ternary cathode material products with stable performance and mature manufacturing technology for cutting-edge high energy density products of mainstream power battery manufacturers. The company is the first domestic cathode material manufacturer to achieve mass production ofhigh-nickel product NCM811. As a national high-tech enterprise, the company has always focused on product development and technological innovation. The company is strong in scientific research, our R&D team has many senior technical experts in the industry and Ph.Ds. from well-known universities domestic and international. We have more than 300 researchers with master's degree or above. Ronbay Technology established provincial-level scientific research centers and post-doctoral workstations, undertaking numbers of national-level scientific research projects such as the Torch Program, Spark Program, and 863 National Program.

Company Overview

Full name Ningbo Ronbay New Energy Technology Co.,Ltd.
Code 688005
Founded 2014-9-18
Listing 2019-7-22
Domicile Ningbo City, Zhejiang Province, China
STAR Theme New Energy
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.48 0.21 0.56
R&D expenditure as a % of operating revenue 3.85 3.94 3.94
Operating Revenue 3,794.56 4,189.67 3,041.26
Net Income 209.29 86.43 210.97

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 3,794.56 4,189.67 3,041.26
Operating Costs 3,602.64 3,917.90 2,791.64
Operating Income 253.31 98.69 234.75
Pretax Income 233.34 96.66 234.75
Income Tax 24.05 10.24 23.78
Net Income 209.29 86.43 210.97

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 4,034.08 3,911.10 2,777.73
Non-current Assets-Total 2,101.03 1,938.51 1,485.40
Total Assets 6,135.11 5,849.61 4,263.13
Current Liabilities-Total 1,435.27 1,407.41 1,000.26
Non-current Liabilities-Total 209.38 124.27 131.53
Total Liabilities 1,644.65 1,531.68 1,131.79
Stockholder's Equity
Share Capital 3,974.54 3,977.55 2,881.51
Retained Profits 508.99 335.24 248.55
Total Owners' Equity 4,490.47 4,317.94 3,131.34

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 707.93 117.46 -542.82
Net Cash Flows-Investing -205.75 -535.40 -869.59
Net Cash Flows-Financing -297.72 1,213.02 1,428.27

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
上海容百新能源投资企业(有限合伙) 129.00 28.83%
湖州海煜股权投资合伙企业(有限合伙) 18.62 4.16%
共青城容诚投资管理合伙企业(有限合伙) 14.23 3.18%
北京容百新能源投资发展有限公司 13.96 3.12%
上海哥林企业管理合伙企业(有限合伙) 9.73 2.17%
台州通盛锂能股权投资合伙企业(有限合伙) 9.52 2.13%
华夏上证科创板50成份交易型开放式指数证券投资基金 8.90 1.99%
北京容百新能源投资管理有限公司 8.80 1.97%
湖北长江蔚来新能源产业发展基金合伙企业(有限合伙) 8.73 1.95%
天津世纪金沙江股权投资基金合伙企业(有限合伙) 8.59 1.92%
As of 2021-3-31

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