公司所有信息均以上海证券交易所官网（www.sse.com.cn）及相关指定信息披露媒体刊登的公告为准。 敬请广大投资者关注公司后续公告，并注意投资风险。 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 宁波容百新能源科技股份有限公司（以下简称"公司"）于2026年1月18日收到中国证券监督管理委员会 （以下简称"中国证监会"）下发的《立案告知书》（编号：证监立案字0222026004号），因公司重大合 同公告涉嫌误导性陈述等，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法 规，中国证监会决定对公司予以立案。 目前公司各项经营活动和业务均正常开展。立案调查期间，公司将积极配合中国证监会的相关工作，并 严格按照相关法律法规和监管要求及时履行信息披露义务。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688005 证券简称：容百科技 公告编号：2026-007 宁波容百新能源科技股份有限公司 关于收到中国证券监督管理委员会立案告知书的 特此公告。 宁波容百新能源科技股份有限公司董事会 2 ...

Core Viewpoint - Company Rongbai Technology is under investigation by the China Securities Regulatory Commission (CSRC) for misleading statements regarding a major contract announcement, which has led to stock suspension and regulatory scrutiny [2][3]. Group 1: Contract Announcement Issues - The contract with CATL involves the supply of 3.05 million tons of lithium iron phosphate cathode materials from Q1 2026 to 2031, with an estimated total sales amount exceeding 120 billion yuan, which was described as an estimate rather than a fixed agreement [2][3]. - The company admitted that the original announcement lacked clarity regarding the total contract amount and did not sufficiently warn about potential risks associated with the agreement [2][3][4]. - The sales quantity and pricing are subject to fluctuations, with the final procurement volume dependent on future orders and raw material prices, leading to uncertainty in the estimated total sales amount [3][4]. Group 2: Performance Capability Concerns - Rongbai Technology, a new entrant in the lithium iron phosphate industry, faces risks related to technical mass production validation and capacity matching, as it has not yet achieved stable mass production of its third and fourth-generation products [4][5]. - The company currently has only one production line under acquisition, which is insufficient to meet the total demand of 3.05 million tons over six years, indicating potential challenges in capacity construction and investment risks [5][6]. Group 3: Financial and Operational Support - To address capacity shortages, Rongbai Technology plans to invest approximately 8.7 billion yuan over the next three years to meet contract obligations, with expected capital expenditures of 3.6 billion yuan, 3.3 billion yuan, and 1.8 billion yuan for 2026, 2027, and 2028, respectively [5]. - The company reported sufficient liquidity, with cash and financial assets totaling 4.591 billion yuan and unused bank credit lines of 8.438 billion yuan as of September 30, 2025, indicating a relatively strong financial position [5][6]. - CATL may provide support through prepayments or joint ventures to assist Rongbai Technology in capacity construction, which could mitigate some operational risks [5][6]. Group 4: Governance and Compliance Issues - The contract announcement was not signed off by the chairman, which deviates from the company's disclosure procedures, raising concerns about governance and compliance [7][8]. - The legal department's manager engaged in stock trading around the announcement date, which the company attributed to an operational error, highlighting potential issues in internal controls [9].

1月14日，容百科技披露日常经营重大合同的公告，涉嫌误导性陈述。近日，证监会已对容百科技立案调查。下一步，证 监会将在全面调查的基础上依法处理，切实维护市场健康稳定发展。 本报讯 （记者吴晓璐）据证监会1月18日消息，证监会对宁波容百新能源科技股份有限公司（以下简称"容百科技"）重大 合同公告涉嫌误导性陈述立案调查。 ...

Core Viewpoint - The announcement of a 120 billion yuan contract by Rongbai Technology has raised significant market attention and regulatory scrutiny due to its size and the uncertainties surrounding it [1][2]. Group 1: Contract Details - Rongbai Technology forecasts supplying approximately 3.05 million tons of lithium iron phosphate to CATL from Q1 2026 to 2031, with a total sales amount exceeding 120 billion yuan [1]. - The revenue from this contract is equivalent to creating 1.7 times the current revenue of Rongbai Technology, which reported 8.986 billion yuan in revenue for the first three quarters of 2025 [1]. - The contract's sales price is not fixed and is based on a formula involving lithium carbonate costs plus processing fees, leading to uncertainty in the actual procurement volume by CATL [2]. Group 2: Corporate Governance and Procedures - The contract was primarily analyzed and predicted by the marketing department, with no requirement for board or shareholder approval, raising questions about the governance process [3][4]. - The announcement was issued in the name of the board, but it was noted that the chairman did not sign off on it, indicating potential procedural lapses within the company [4]. - The lack of involvement from top management in such a significant contract is unusual and raises concerns about the company's announcement protocols and the effectiveness of its governance [4]. Group 3: Regulatory Response - Following the announcement, Rongbai Technology received an inquiry from the exchange and was subsequently suspended for two days, indicating regulatory concern over the contract's implications [1]. - The company also received a notice from the securities regulatory commission regarding potential misleading statements in the contract announcement [2].

Core Viewpoint - Rongbai Technology has faced regulatory scrutiny following its announcement of a long-term supply agreement with CATL, which raised questions about the accuracy of the contract's financial implications and the company's ability to fulfill it [1][3]. Group 1: Contract Details - Rongbai Technology announced a long-term supply agreement with CATL, with an estimated total contract value exceeding 120 billion yuan [2]. - The company clarified that the contract did not specify a procurement amount, and the 120 billion yuan figure was an estimate based on potential sales [3]. - The agreement involves supplying 3.05 million tons of lithium iron phosphate materials to CATL from Q1 2023 to 2031 [3]. Group 2: Regulatory Actions - The company received an inquiry from the Shanghai Stock Exchange shortly after announcing the contract, requiring additional disclosures regarding annual production capacity and the company's ability to meet supply commitments [3][4]. - Rongbai Technology was issued a notice of investigation by the China Securities Regulatory Commission due to potential misleading statements in the contract announcement [1][3]. Group 3: Financial Planning and Capital Expenditure - To meet the contract obligations, Rongbai Technology anticipates capital expenditures of approximately 8.7 billion yuan over the next three years, with specific annual investments planned [4]. - The company outlined a pricing formula for lithium iron phosphate products, which is linked to lithium carbonate costs and other production expenses [4]. Group 4: Technological Capabilities - Rongbai Technology plans to leverage technology from a recent acquisition to enhance its production capabilities in lithium iron phosphate, with successful development of multiple product generations already reported [5]. - The company aims to integrate new production techniques to improve efficiency and reduce environmental impact [8].

Core Viewpoint - Rongbai Technology has faced regulatory scrutiny following the announcement of a significant supply contract with CATL, which has raised questions about the accuracy of its disclosures and the company's ability to fulfill the contract obligations [2][5]. Group 1: Contract Details - Rongbai Technology announced a long-term supply agreement with CATL, with a total contract value estimated to exceed 120 billion yuan [3]. - The contract involves supplying 3.05 million tons of lithium iron phosphate materials from Q1 2023 to 2031 [5]. - The company clarified that the estimated contract value of 120 billion yuan was based on projections and not a fixed procurement amount [4][6]. Group 2: Regulatory Actions - The company received an inquiry from the Shanghai Stock Exchange shortly after announcing the contract, requiring additional disclosures regarding production capacity and financial planning [5][6]. - The China Securities Regulatory Commission issued a notice of investigation due to potential misleading statements related to the major contract announcement [5]. Group 3: Financial Planning and Production Capacity - To meet the contract obligations, Rongbai Technology plans to invest approximately 8.7 billion yuan in capital expenditures over the next three years, with specific annual investments of 3.6 billion yuan in 2026, 3.3 billion yuan in 2027, and 1.8 billion yuan in 2028 [6]. - The company stated that the sales price of lithium iron phosphate products will be determined based on a formula linked to lithium carbonate costs and other production factors, with adjustments possible based on market conditions [6]. Group 4: Technological Capabilities - Rongbai Technology is set to enter the lithium iron phosphate market in the second half of 2025, following the acquisition of a controlling stake in a company with proprietary production technology [7]. - The company has successfully developed multiple generations of lithium iron phosphate products, with ongoing testing and development for future applications [7].

Group 1: Company Forecasts - Tongwei Co., Ltd. (通威股份) expects a net loss of approximately 90 billion to 100 billion yuan for the year 2025, citing industry challenges such as supply surplus and rising raw material prices [7] - Longi Green Energy Technology Co., Ltd. (隆基绿能) anticipates a net loss of 60 billion to 65 billion yuan for 2025, attributing this to ongoing low operating rates and intensified competition in the photovoltaic industry [6] Group 2: Regulatory and Market Environment - The State Council is focusing on measures to boost consumption and ensure the payment of wages to migrant workers, indicating a proactive approach to economic stability [2] - The China Securities Regulatory Commission (CSRC) emphasizes maintaining market stability and preventing excessive speculation, aiming to foster a healthy investment environment [2] - The People's Bank of China has adjusted the minimum down payment ratio for commercial property loans to no less than 30%, reflecting a tightening of credit conditions [4] Group 3: Market Trends and Analyst Insights - Analysts suggest that the A-share market is not seeking a "crazy bull" but rather a "slow bull" for sustainable growth, emphasizing the importance of companies improving operational quality and transparency [3] - The market is expected to experience a phase of adjustment following a period of high trading activity, with a focus on performance disclosures as earnings reports begin to be released [11][20] - Investment strategies are shifting towards sectors with solid fundamentals, such as technology and industrial metals, while also considering consumer services and non-bank financials as key areas of interest [15][18]

【导读】回顾周末大事，汇总十大券商最新研判。通威股份：预计2025年净亏损90亿元至 100亿元；隆基绿能：预计2025年净亏损60亿元至65亿元。 中国基金报记者 泰勒 大家好，马上就要开盘了，一起回顾周末大事，以及看看券商分析师们的最新研判。 周末大事 国常会：听取提振消费专项行动进展情况汇报 研究加快培育服务消费新增长点等促消费举措 国务院总理李强1月16日主持召开国务院常务会议，听取提振消费专项行动进展情况汇报并研 究加快培育服务消费新增长点等促消费举措，部署做好清理拖欠企业账款行动和保障农民工 工资支付有关工作，审议通过《国务院关于修改和废止部分行政法规的决定（草案）》。 证监会：坚持稳字当头、巩固市场稳中向好势头 严肃查处过度炒作乃至操纵市场等违法违规 行为、坚决防止市场大起大落 证监会2026年度工作会议强调，坚持稳字当头，巩固市场稳中向好势头。全方位加强市场监 测预警，及时做好逆周期调节，强化交易监管和信息披露监管，进一步维护交易公平性，严 肃查处过度炒作乃至操纵市场等违法违规行为，坚决防止市场大起大落。继续深化公募基金 改革，持续拓宽中长期资金来源渠道和方式，推出各类适配长期投资的产品和风险 ...

Core Viewpoint - Rongbai Technology has received a notice from the China Securities Regulatory Commission regarding misleading statements related to a significant contract worth 120 billion yuan for lithium iron phosphate cathode materials, indicating potential issues with the accuracy of their disclosures [2]. Group 1: Contract Details and Company Response - The contract's total amount of 120 billion yuan was estimated by the company, and the actual sales amount remains uncertain, highlighting a lack of precision in the original announcement [2]. - The company acknowledged that the original announcement did not adequately warn about potential risks associated with the contract and committed to improving the rigor of its information disclosures in the future [2]. Group 2: Capacity and Financial Planning - The inquiry letter raised concerns about the company's existing lithium iron phosphate production capacity being insufficient compared to the expected supply from the contract, requesting detailed disclosures on annual capacity agreements and future production plans [4]. - To meet anticipated customer orders, the company plans to invest 341.76 million yuan to acquire part of Guizhou Xinren's equity and an additional 140 million yuan for capital increase, with Guizhou Xinren currently having a production line capable of producing 60,000 tons of lithium iron phosphate annually [4]. - The company estimates that capital expenditures of approximately 8.7 billion yuan will be required over the next three years to fulfill the contract, asserting that its financial reserves and financing capabilities are sufficient to support this investment without adversely affecting liquidity or financial status [4]. Group 3: Risk Factors - The company has identified several risks, including the potential inability to meet production demands, fluctuations in raw material prices, and uncertainties regarding actual order volumes compared to forecasted demand [5]. - It is noted that raw material prices may fluctuate during the contract period, with established business conditions for product sales confirmed for 2026, while conditions for subsequent years will be negotiated separately [5]. Group 4: Insider Trading Compliance - The inquiry letter required the company to conduct a self-examination regarding insider trading related to the contract signing and to disclose the results, including a list of individuals with insider knowledge [7]. - The company reported that two individuals involved in the self-examination bought and sold company stock during the period leading up to the contract announcement, but clarified that their trading activities were not directly related to the contract [8].

Major Announcements - Rongbai Technology is under investigation by the China Securities Regulatory Commission for suspected misleading statements related to a major contract announcement, but all business activities are currently normal [1] - Hunan Yuno has received approval from the China Securities Regulatory Commission for a stock issuance to specific investors, valid for 12 months from the date of approval [1] - Yanjing Co. plans to acquire 98.54% of Yongqiang Technology through a combination of stock issuance and cash payment, with the stock issuance price set at 8.85 yuan per share [1] Strategic Partnerships - Lichun Group's subsidiary has signed a strategic cooperation agreement with a leading domestic new energy vehicle company to establish a joint innovation laboratory focused on aluminum alloy research and applications [2] Financial Performance - Guiguan Network expects a net loss of 1.35 billion to 1.07 billion yuan for the year 2025, with a projected net profit attributable to shareholders of -1.43 billion to -1.15 billion yuan [6] - Ruiming Technology anticipates a net profit of 370 million to 400 million yuan for 2025, representing a year-on-year growth of 27.58% to 37.92% [7] - Tongwei Co. forecasts a net loss of 9 billion to 10 billion yuan for 2025, citing industry supply surplus and rising raw material costs as key challenges [8] - Longi Green Energy expects a net loss of 6 billion to 6.5 billion yuan for 2025, impacted by low product prices and increased costs [9] - Oke Yi predicts a net profit of 96 million to 110 million yuan for 2025, with a year-on-year growth of 67.53% to 91.96% [10] - Guolian Minsheng anticipates a net profit of 2.008 billion yuan for 2025, a 406% increase year-on-year, driven by significant growth in securities investment and wealth management [11] - Aisheng Co. expects a net loss of 1.2 billion to 1.9 billion yuan for 2025, despite a doubling in sales volume, due to ongoing industry challenges [13] Stock Trading Updates - Fenglong Co. will resume trading on January 19, 2026, after a significant price increase of 213.97% over 12 trading days [14]