On July 6, Ronbay Technology announced that it expects its net profit attributable to the owners of the parent company for H1 2026 to reach Yuan 100 million to Yuan 120 million, turning losses into profits year-on-year. In H1 2026, benefiting from the continued improvement in the new energy industry's prosperity, the company's operating performance achieved a significant recovery and has recorded profitability for three consecutive quarters.
During the reporting period, the profitability of its ternary cathode business steadily improved, while shipments to overseas customers increased substantially. Meanwhile, the construction of its lithium iron phosphate (LFP) cathode project progressed as scheduled, its lithium manganese iron phosphate (LMFP) business achieved full capacity and full sales, and its sodium-ion cathode business entered the stage of scaled shipments. The effectiveness of the platformization strategy is becoming increasingly evident.
Note: The company's Q2 net profit is estimated at Yuan 88 million to Yuan 108 million, compared to Q1 net profit of Yuan 12 million. Based on this, Q2 net profit is expected to change by 662% to 834% quarter-over-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
