Home » Rongbai Technology: The net profit in the first half of 2021 is expected to be 300 million to 340 million yuan, a year-on-year increase of 452.67% to 526.36% | Daily Economic News

Rongbai Technology: The net profit in the first half of 2021 is expected to be 300 million to 340 million yuan, a year-on-year increase of 452.67% to 526.36% | Daily Economic News

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Every AI newsletter,Rongbai Technology (SH 688005, closing price: 117 yuan) released a performance forecast on the evening of July 27. It is estimated that in the first half of 2021, the company will achieve a net profit of 300 million to 340 million yuan attributable to the owners of the parent company. Compared with the same period of the year, an increase of approximately 246 million to 286 million yuan, a year-on-year increase of 452.67% to 526.36%. The main reason for the change in performance is that in the first half of 2021, the penetration rate of China’s new energy vehicle market has increased to more than 10%, and the penetration of high-nickel power battery technology routes has accelerated, and the proportion of high-nickel materials has increased rapidly. The company’s main product high-nickel and ultra-high nickel ternary cathode materials shipments in the first half of the year increased by about 135% year-on-year, and sales in the second quarter increased by about 50% month-on-month. The scale effect superimposed on the increase in the utilization rate of high-nickel precursors, and profitability continued promote.

The chairman of Rongbai Technology is Bai Houshan, male, 57 years old, Chinese nationality, permanent residency in the United States, master degree, engineer, senior engineer, professor-level senior engineer, assistant engineer, and a technician in the Metallurgical Department of Shenyang Institute of Mining and Metallurgy. Northeastern University majored in pyrometallurgical smelting of heavy metals. He has served as assistant engineer, engineer, senior engineer, professor-level senior engineer, project team leader, director of electronic powder material plant, manager of Beijing Mining Electronics Center, and general manager of Mining and Metallurgy Department of General Institute of Mining and Metallurgy. Deputy Director of the Metallurgical Office of the Academy. The general manager of Rongbai Technology is Liu Sangyeol, male, 61 years old, Korean nationality, master degree, researcher, and has served as researcher of Samsung SDI Research Institute, director of Samsung SDI material and drug manufacturing, and technical consultant of JAMR (China-Canada joint venture) And general manager.

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1. No organization has conducted research on Rongbai Technology in the past 30 days;
2. According to the forecasts of Rongbai Technology‘s net profit by major securities companies, Rongbai Technology‘s semi-annual forecast net profit for 2021 is 318 million yuan on average. Rongbai Technology‘s net profit in the same period last year was 54.282 million yuan.

(Reporter Zeng Jianhui)

Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Please verify before use. According to this operation, at your own risk.

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