On July 22, Ronbay Technology released its semi-annual report for 2026, reporting operating revenue of Yuan 8.721 billion, up 39.57% year-on-year, and net profit attributable to shareholders of the listed company of Yuan 109 million, turning a year-on-year loss into profit.
The turnaround was primarily driven by increased volume from overseas customers, sales growth in ternary cathode materials and sodium-ion cathode materials, full production and full sales of lithium iron manganese phosphate (LMFP), and rising raw material prices.
Note: The company recorded a net profit of Yuan 98 million in Q2 and Yuan 12 million in Q1, implying a 743% quarter-on-quarter increase in Q2 net profit.
Edited by Cassie Li, lixiangying@mysteel.com
