Core Viewpoint - Rongbai Technology (688005) reported a decline in revenue and a net loss for the first half of 2025, primarily due to fluctuations in raw material prices and increased R&D investments [1] Financial Performance - The company achieved operating revenue of 6.248 billion yuan in the first half of 2025, a year-on-year decrease of 9.28% [1] - The net profit for the period was a loss of 68.3946 million yuan, compared to a profit of 10.2779 million yuan in the same period last year, indicating a significant year-on-year decline [1] Factors Affecting Performance - Revenue decline was mainly attributed to significant fluctuations in the prices of key raw materials, which led to adjustments in product pricing [1] - The net profit decrease was also influenced by temporary impairment issues during the reporting period [1] Investment and R&D - The company continued to invest in new industries such as sodium batteries, precursors, and manganese iron lithium, which had a certain impact on current profits [1] - To maintain a technological edge, the company increased its R&D expenditure compared to the previous year [1]

证券代码：688005 证券简称：容百科技 公告编号：2025-026 宁波容百新能源科技股份有限公司 第三届监事会第六次会议决议公告 本公司监事会及全体监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。 经审议，公司监事会认为：公司 2025 年半年度募集资金的存放与使用情况 符合《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》的规 定及《宁波容百新能源科技股份有限公司募集资金管理制度》的要求，对募集资 金进行了专项存储，不存在变相改变募集资金用途和损害股东利益的情况，不存 在违规使用募集资金的情形。 表决结果：同意 3 票、反对 0 票、弃权 0 票 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的 《2025 年半年度募集资金存放与使用情况的专项报告》。 一、审议通过《关于公司<2025 年半年度报告及摘要>的议案》 经审议，监事会认为：公司《2025 年半年度报告及摘要》的编制符合相关法 律法规及《公司章程》的有关规定，报告真实、准确、完整地反映了公司的财务 状况和经营情况，不存在虚假记载 ...

证券代码：688005 证券简称：容百科技 公告编号：2025-025 宁波容百新能源科技股份有限公司 第三届董事会第六次会议决议公告 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"）第三届董事会第六次 会议于 2025 年 8 月 1 日以现场结合通讯表决的方式召开。本次会议为紧急会议， 公司于 2025 年 7 月 31 日以邮件方式向全体董事发出召开本次会议的通知。本次 会议应到董事 9 名，实到董事 9 名，符合《中华人民共和国公司法》（以下简称"《公 司法》"）和《宁波容百新能源科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，会议合法有效。与会董事审议并通过如下决议： 一、审议通过《关于公司<2025 年半年度报告及摘要>的议案》 经审议，公司董事会认为：公司《2025 年半年度报告及摘要》的编制符合 相关法律法规及《公司章程》的有关规定，报告真实、准确、完整地反映了公司 的财务状况和经营情况，不存在虚假记载、误导性陈述或重大遗漏。 表决结果：同意 ...

Core Insights - Rongbai Technology (688005.SH) reported a revenue of 6.248 billion yuan for the first half of 2025, representing a year-on-year decrease of 9.28% [1] - The net loss attributable to shareholders of the listed company was 68.3946 million yuan, with a net loss of 79.3053 million yuan after excluding non-recurring gains and losses [1] - The basic loss per share was 0.1 yuan [1] Revenue Analysis - The decline in revenue is primarily attributed to significant fluctuations in the prices of key raw materials, which led to adjustments in product pricing [1]

格隆汇8月1日丨容百科技(688005.SH)公布半年度报告，报告期内，公司实现营业收入62.48亿元，同比 下降9.28%。主要由于报告期内主要原材料价格波动较大，公司产品售价随原材料价格变动而调整。报 告期内，公司实现归属于上市公司股东的净利润-6,839.46万元，同比下降765.45%，每股收益及净资产 收益率等主要财务指标较上年同期均有所下降。 ...

[Company Profile and Key Financial Indicators](index=5&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) Ronbay Technology, a STAR Market-listed new energy cathode material company, reported a 9.28% revenue decline and a net loss of 68.39 million CNY, while operating cash flow significantly improved [Company Overview](index=5&type=section&id=Company%20Overview) Ronbay Technology is a new energy lithium battery cathode material company listed on the Shanghai Stock Exchange's STAR Market, with its legal representative as Bai Houshan - The company's legal representative is Bai Houshan, with its registered and office address in Yuyao City, Zhejiang Province[15](index=15&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) Revenue decreased by 9.28% to 6.248 billion CNY, net profit turned to a loss of 68.39 million CNY due to impairments and R&D, but operating cash flow improved significantly to 892 million CNY Key Accounting Data | Key Accounting Data | Current Period (Jan-Jun) (CNY) | Prior Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,248,421,040.70 | 6,887,616,921.31 | -9.28 | | Net Profit Attributable to Shareholders of Listed Company | -68,394,623.37 | 10,277,881.49 | -765.45 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -79,305,268.23 | -3,808,956.10 | N/A | | Net Cash Flow from Operating Activities | 891,583,563.30 | -839,731,692.60 | N/A | | Total Assets | 23,677,412,940.18 | 24,622,978,521.33 (End of Prior Year) | -3.84 | Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | -0.10 | 0.01 | -1,100.00 | | Weighted Average Return on Net Assets (%) | -0.81 | 0.12 | Decrease by 0.93 percentage points | | R&D Investment as % of Operating Revenue (%) | 3.50 | 2.60 | Increase by 0.90 percentage points | - Main reasons for net profit decline: - Impacted by temporary impairment events during the reporting period[24](index=24&type=chunk) - Continuous investment in new industries such as sodium-ion batteries, precursors, and lithium manganese iron phosphate had some impact on current profit[24](index=24&type=chunk) - R&D investment increased year-on-year to maintain technological leadership[24](index=24&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) The company advanced its platform strategy, covering multiple cathode materials, with core ternary business profitable despite overall net loss from impairments and new industry investments [Discussion and Analysis of Operations](index=9&type=section&id=Discussion%20and%20Analysis%20of%20Operations) Ronbay Technology expanded its product lines to include ternary, LFP, LMFP, and sodium-ion cathodes, achieving 77 million CNY profit in its core ternary business despite overall net loss - The company's ternary material sales in the first half of the year were **50,000 tons**, with the ternary business achieving an actual profit of approximately **77 million CNY** after deducting new industry investments[29](index=29&type=chunk) - Demand for sodium-ion cathode materials is strong, with the first phase of a **6,000-ton per year** polyanionic sodium-ion cathode material production line already under construction[30](index=30&type=chunk)[31](index=31&type=chunk) - Shipments of lithium manganese iron phosphate products in the first half of 2025 have reached the total volume of full-year 2024, with sales in the commercial vehicle sector exceeding **1,000 tons**[32](index=32&type=chunk) - The company has officially entered the lithium iron phosphate sector and plans to build its first European lithium iron phosphate production line in Poland[33](index=33&type=chunk) - Progress has been made in solid-state battery materials, with high-nickel and ultra-high-nickel all-solid-state cathode materials achieving **ton-level shipments**, and the sulfide solid-state electrolyte pilot line expected to be completed in Q4[35](index=35&type=chunk) [Analysis of Core Competencies](index=10&type=section&id=Analysis%20of%20Core%20Competencies) The company boasts leading core technologies, a strong global R&D system, deep client relationships, international production capabilities, and robust M&A integration - The company holds an internationally leading position in high-nickel and ultra-high-nickel ternary cathode materials, while also mastering core technologies in areas such as lithium manganese iron phosphate and sodium-ion cathode materials[36](index=36&type=chunk)[37](index=37&type=chunk) - The company has successfully integrated into the supply chains of leading battery and automotive manufacturers in Japan, Korea, Europe, and the US, establishing a first-mover advantage and deep cooperative client relationships[38](index=38&type=chunk) - The company is the first domestic enterprise to establish high-nickel cathode material production projects overseas; the first phase of the Korean factory with **20,000 tons** capacity has been certified, and the second phase with **40,000 tons** capacity is completed; the Polish project has been initiated and secured orders[41](index=41&type=chunk) - Through the acquisition of Fenggu Energy Saving, Skolander, and Johnson Matthey (Poland) factories, the company demonstrated strong M&A integration capabilities, continuously improving its industrial chain layout[40](index=40&type=chunk) [Core Technologies and R&D Progress](index=13&type=section&id=Core%20Technologies%20and%20R%26D%20Progress) Ronbay invested 219 million CNY in R&D, increasing 22.44%, securing 85 new patents, and advancing ultra-high nickel, sodium-ion, and solid-state battery material projects to mass production or pilot stages R&D Investment | R&D Investment | Current Period (CNY) | Prior Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 218,900,884.44 | 178,782,770.35 | 22.44 | | Total R&D Investment as % of Operating Revenue | 3.50% | 2.60% | Increase by 0.90 percentage points | Intellectual Property | Intellectual Property | New Applications This Period | New Grants This Period | Cumulative Grants | | :--- | :--- | :--- | :--- | | Invention Patents | 58 | 30 | 192 | | Utility Model Patents | 35 | 55 | 487 | | Total | 93 | 85 | 679 | - The company's R&D projects cover a wide range, including small-particle precursors, ultra-high nickel, lithium manganese iron phosphate, sodium-ion polyanionic materials, and solid-state electrolytes, with most projects having entered mass production or pilot-scale stages[55](index=55&type=chunk)[56](index=56&type=chunk) [Risk Factors](index=21&type=section&id=Risk%20Factors) Key risks include performance decline from market and raw material volatility, core competency threats, operational challenges, financial exposures, industry shifts, and macroeconomic uncertainties in global expansion - Performance Risk: Fluctuations in raw material prices and intensified market competition may lead to a significant decline in performance or losses[60](index=60&type=chunk) - Operational Risk: The company faces risks such as raw material supply and price fluctuations, insufficient capacity utilization, and global operational management challenges[62](index=62&type=chunk)[63](index=63&type=chunk) - Financial Risk: Fluctuations in upstream raw material prices may lead to inventory impairment losses, high accounts receivable balances may trigger bad debt risks, and the expansion of foreign currency settlement business brings exchange rate fluctuation risks[64](index=64&type=chunk) - Industry Risk: Volatility in new energy vehicle market demand and changes in power battery technology routes are major industry risks. The company mitigates this risk through a multi-route layout (ternary, lithium manganese iron phosphate, sodium-ion, etc.)[65](index=65&type=chunk)[66](index=66&type=chunk) [Analysis of Main Business](index=23&type=section&id=Analysis%20of%20Main%20Business) Operating revenue and costs decreased due to raw material price changes, R&D investment increased, operating cash flow significantly improved, and overseas assets accounted for 17.27% of total assets Key Financial Items | Item | Current Period (CNY) | Prior Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,248,421,040.70 | 6,887,616,921.31 | -9.28 | | Operating Cost | 5,713,108,697.71 | 6,350,951,036.65 | -10.04 | | R&D Expenses | 218,900,884.44 | 178,782,770.35 | 22.44 | | Net Cash Flow from Operating Activities | 891,583,563.30 | -839,731,692.60 | N/A | - As of the end of the reporting period, the company's overseas assets amounted to **4.09 billion CNY**, accounting for **17.27%** of total assets[76](index=76&type=chunk) - Among major controlled subsidiaries, JS Corporation (Korea) and Xiantao Ronbay Lithium Battery achieved significant growth in operating revenue, increasing by **350.81%** and **162.08%** year-on-year, respectively; while Hubei Ronbay and Guizhou Ronbay experienced declines in revenue and net profit[82](index=82&type=chunk)[83](index=83&type=chunk) [Significant Matters](index=32&type=section&id=Significant%20Matters) The company's total guarantees to subsidiaries reached 14.091 billion CNY, representing 169.72% of net assets, with 8.231 billion CNY for high-leverage entities [Significant Contracts and Their Performance](index=41&type=section&id=Significant%20Contracts%20and%20Their%20Performance) Total guarantees to subsidiaries amounted to 14.091 billion CNY, exceeding 169% of net assets, with a substantial portion for high-debt entities Guarantee Status | Guarantee Status | Amount (10,000 CNY) | | :--- | :--- | | Total Guarantee Balance to Subsidiaries at Period End (B) | 1,409,148.00 | | Total Guarantee as % of Company's Net Assets (%) | 169.72 | | Debt Guarantee Amount Provided to Guaranteed Parties with Asset-Liability Ratio Exceeding 70% (D) | 823,148.00 | | Amount of Total Guarantee Exceeding 50% of Net Assets (E) | 956,360.41 | [Explanation of Progress in Use of Raised Funds](index=44&type=section&id=Explanation%20of%20Progress%20in%20Use%20of%20Raised%20Funds) The company adjusted its IPO-funded project, reducing ternary precursor capacity from 60,000 to 30,000 tons and reallocating 18.87 million CNY to working capital due to market conditions - The company reduced the investment scale of the "2025 Power Lithium Battery Material Comprehensive Base (Phase I)" project and permanently supplemented working capital with the remaining **18.8718 million CNY** of raised funds[110](index=110&type=chunk)[116](index=116&type=chunk) - The adjustment was due to ample capacity and intensified competition in the ternary precursor industry, where the existing **30,000-ton** production line can meet current demand, reducing the necessity for further investment[113](index=113&type=chunk)[117](index=117&type=chunk) - The company utilized a portion of temporarily idle raised funds, not exceeding **150 million CNY**, for cash management to improve capital utilization efficiency[119](index=119&type=chunk) [Share Changes and Shareholder Information](index=50&type=section&id=Share%20Changes%20and%20Shareholder%20Information) Total share capital increased from 483 million to 715 million shares, primarily due to a capital reserve transfer, with minor adjustments from restricted share cancellations [Share Fluctuation Details](index=50&type=section&id=Share%20Fluctuation%20Details) Total share capital increased from 483 million to 715 million shares, mainly driven by a 232 million share capital reserve transfer, offset by 29,804 restricted share cancellations - The company's total share capital increased from **483,029,659 shares** to **714,725,470 shares**[122](index=122&type=chunk)[124](index=124&type=chunk) - The main reason for the increase in shares was the implementation of a capital reserve to share capital transfer, totaling **231,725,615 shares**[124](index=124&type=chunk) - The decrease in shares was due to the repurchase and cancellation of **29,804 restricted shares** from the equity incentive plan[124](index=124&type=chunk) [Shareholder Information](index=51&type=section&id=Shareholder%20Information) The company had 31,932 shareholders, with the controlling shareholder and its concerted parties holding 26.89% of shares, maintaining a stable top ten shareholder structure - As of the end of the reporting period, the company had a total of **31,932 shareholders**[128](index=128&type=chunk) Top Five Shareholders | Top Five Shareholder Names | Shares Held at Period End | Percentage (%) | | :--- | :--- | :--- | | Shanghai Ronbay New Energy Investment Enterprise (Limited Partnership) | 192,210,000 | 26.89 | | Beijing Ronbay New Energy Investment Development Co., Ltd. | 20,797,122 | 2.91 | | Huzhou Haiyu Equity Investment Partnership (Limited Partnership) | 15,041,304 | 2.10 | | Beijing Ronbay New Energy Investment Management Co., Ltd. | 13,112,000 | 1.83 | | Beijing Ronbay New Energy Technology Investment Management Co., Ltd. | 12,278,047 | 1.72 | - Shanghai Ronbay, Beijing Ronbay Development, Beijing Ronbay Management, Beijing Ronbay Technology Investment, and Zunyi Ronbay Partnership among the top ten shareholders are all entities controlled by the company's actual controller, Bai Houshan, forming a concerted action relationship[131](index=131&type=chunk) [Financial Report](index=58&type=section&id=Financial%20Report) The company's consolidated financial statements show a 3.84% decrease in total assets, a 5.27% decrease in total liabilities, and a 1.64% decrease in equity attributable to parent company owners [Consolidated Balance Sheet Summary](index=58&type=section&id=Consolidated%20Balance%20Sheet%20Summary) As of June 30, 2025, total assets decreased by 3.84% to 23.677 billion CNY, total liabilities decreased by 5.27% to 14.622 billion CNY, and parent equity decreased by 1.64% to 8.303 billion CNY Consolidated Balance Sheet Summary | Item | Balance at Period End (2025-06-30) (CNY) | Balance at Period Start (2024-12-31) (CNY) | | :--- | :--- | :--- | | **Total Assets** | **23,677,412,940.18** | **24,622,978,521.33** | | Total Current Assets | 13,113,103,082.90 | 14,291,301,380.12 | | Total Non-Current Assets | 10,564,309,857.28 | 10,331,677,141.21 | | **Total Liabilities** | **14,621,661,202.20** | **15,435,313,948.64** | | Total Current Liabilities | 9,710,646,018.99 | 11,084,581,066.57 | | Total Non-Current Liabilities | 4,911,015,183.21 | 4,350,732,882.07 | | **Total Equity Attributable to Parent Company Owners** | **8,302,551,642.28** | **8,440,667,718.62** | [Consolidated Income Statement Summary](index=62&type=section&id=Consolidated%20Income%20Statement%20Summary) In H1 2025, operating revenue decreased by 9.28% to 6.248 billion CNY, resulting in a net loss of 68.39 million CNY for parent shareholders due to increased impairment losses Consolidated Income Statement Summary | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 6,248,421,040.70 | 6,887,616,921.31 | | Total Operating Cost | 6,248,596,000.13 | 6,840,715,682.13 | | Total Profit | -22,669,927.24 | 63,907,202.62 | | Net Profit | -34,337,659.75 | 23,115,449.93 | | Net Profit Attributable to Parent Company Shareholders | -68,394,623.37 | 10,277,881.49 | - Asset impairment losses for the current period were **-55.28 million CNY**, primarily from inventory write-downs, significantly negatively impacting profit[151](index=151&type=chunk)[430](index=430&type=chunk) [Consolidated Cash Flow Statement Summary](index=66&type=section&id=Consolidated%20Cash%20Flow%20Statement%20Summary) H1 2025 saw operating cash flow significantly improve to 892 million CNY, while investing cash outflow decreased to 1.021 billion CNY and financing cash inflow decreased to 224 million CNY Consolidated Cash Flow Statement Summary | Item | H1 2025 (CNY) | H1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 891,583,563.30 | -839,731,692.60 | | Net Cash Flow from Investing Activities | -1,020,649,779.30 | -2,606,550,586.07 | | Net Cash Flow from Financing Activities | 224,446,785.00 | 1,679,028,284.53 | | Net Increase in Cash and Cash Equivalents | 90,058,233.29 | -1,781,827,987.63 |

证券代码：688005 证券简称：容百科技 公告编号：2025-028 宁波容百新能源科技股份有限公司 关于计提资产减值准备的公告 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"）根据《企业会计准 则》和相关会计政策，基于谨慎性原则，对合并报表范围内截至 2025 年 6 月 30 日的各项资产进行了充分分析和评估，并根据结果对其中存在减值迹象的资产相 应计提了减值准备，现将相关情况公告如下： 一、2025 年半年度计提减值准备的情况概述 根据《企业会计准则》及公司会计政策等相关规定，为客观、公允地反映公 司的财务状况、经营成果，公司及子公司对截至 2025 年 6 月 30 日合并范围内可 能存在减值损失的各项资产进行了充分的评估和分析，根据谨慎性原则，对相关 资产进行了减值测试并计提了相应的减值准备。2025 年半年度公司计提各类信 用及资产减值损失合计人民币 5,953.09 万元，具体如下： 单位：人民币万元 | 项目 | 计提金额 | 备注 | | --- | - ...

证券代码：688005 证券简称：容百科技 公告编号：2025-027 宁波容百新能源科技股份有限公司 关于 2025 年半年度募集资金存放与使用情况的 专项报告 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。 根据《上市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》 和《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关 规定，宁波容百新能源科技股份有限公司（以下简称"公司"）编制了截至 2025 年 6 月 30 日的《公司 2025 年半年度募集资金存放与使用情况的专项报告》，具 体情况如下： 万元。上述募集资金到位情况业经天健会计师事务所（特殊普通合伙）审验，并 由其出具《验资报告》（天健验〔2019〕222 号）。 2. 募集资金使用和结余情况 2025 年上半年实际使用募集资金 2,277.22 万元，2025 年上半年收到的银行 存款利息、理财收益扣除银行手续费等的净额为 142.86 万元。 截至 2025 年 6 月 30 日，累计已使用募集资金 102,372.76 万元 ...

宁波容百新能源科技股份有限公司 关于 2025 年度"提质增效重回报"专项行动方案的 半年度评估报告 为贯彻落实《国务院关于进一步提高上市公司质量的意见》要求，积极响应上海证 券交易所《关于开展沪市公司"提质增效重回报"专项行动的倡议》，切实保护投资者合 法权益，承担起高质量发展和提升自身投资价值的主体责任，宁波容百新能源科技股份 有限公司（以下简称"公司"）结合自身发展战略和实际经营情况，制定了 2025 年度"提 质增效重回报"行动方案，并经 2025 年 4 月 8 日第三届董事会第四次会议审议通过。公 司根据行动方案内容，积极开展和落实各项工作，现将 2025 年上半年的主要工作成果 报告如下。 一、提升经营质量，优化业务布局 报告期内，公司平台化布局取得较大进展，正极已经覆盖三元材料、磷酸锰铁锂、 钠电正极，并在 25 年上半年以全新技术和工艺进入磷酸铁锂市场。公司部分新兴赛道 已经从初创期开始向成长期转型，市场规模开始扩张。 前沿材料方面，固态电池用高镍三元开始小批量生产，电解质产品性能领先，中试 线预计将于四季度竣工。富锂锰基、尖晶石镍锰正极材料配合头部客户持续进行开发， 进展顺利。 1、三元市 ...

容百科技公告，2025年上半年营业收入62.48亿元，同比下降9.28%。归属于上市公司股东的净利 润-6839.46万元，上年同期为1027.79万元。 ...