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Market Cool On Ningbo Ronbay New Energy Technology Co.,Ltd.'s (SHSE:688005) Revenues
2024 Annual Results Express Announcement
Due to intensified market competition and fluctuations in raw material prices, Ningbo Ronbay New Energy Technology expects both revenue and net profits to decline in 2024.
① According to the performance forecast by Ningbo Ronbay New Energy Technology, it is estimated that the net income attributable to the parent company in the fourth quarter of 2024 will reach 0.176 billion yuan, which would be the highest quarterly profit in 2024; ② Ningbo Ronbay New Energy Technology disclosed that the second phase of its South Korea factory is expected to begin trial production in the first half of this year; breakthroughs are anticipated in the precursor product line this year; the layered oxide material is expected to achieve large-scale mass production and delivery within the year.
Ningbo Ronbay New Energy Technology (688005.SH) performance report: Net income for 2024 is 0.29 billion yuan, a year-on-year decrease of 49.69%.
On February 14, Gelonghui reported that Ningbo Ronbay New Energy Technology (688005.SH) announced its annual performance report for 2024, achieving total operating revenue of 15.083 billion yuan, a year-on-year decrease of 33.43%; net income attributable to the owners of the parent company was 0.29 billion yuan, a year-on-year decrease of 49.69%; net income attributable to the owners of the parent company after deducting non-recurring gains and losses was 0.241 billion yuan, a year-on-year decrease of 53.26%; the basic EPS was 0.61 yuan. In the ternary materials Sector, the company's annual sales volume was 0.12 million tons, reversing with nearly 20% growth. In 2024, the company's Global market share in ternary materials exceeded 12%, an increase compared to the previous year.
Ningbo Ronbay New Energy Technology (688005.SH): The products produced by the company's factory in South Korea have tariff advantages in exports to the United States.
Gelonghui reported on February 11 that Ningbo Ronbay New Energy Technology (688005.SH) stated on the interactive platform that the company is aware of recent news indicating that the USA is expected to raise the import tariff on China's energy storage Battery to 25% starting in 2026. Previously, the USA had increased the tariff on Battery produced in China to 25% on September 24, 2024. The company has been actively implementing its Global Strategy, making comprehensive arrangements in both domestic and international markets to reduce risks and provide more competitive products. Among these, South Korea, as a tariff haven for trade with the USA, allows products produced in the company's South Korea factory to be competitive in exports to the USA.
Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Investors Are Sitting on a Loss of 75% If They Invested Three Years Ago
Investors Could Be Concerned With Ningbo Ronbay New Energy TechnologyLtd's (SHSE:688005) Returns On Capital
