Zhong Guo Jing Ying Bao·2026-01-14 08:32Core Viewpoint - Rongbai Technology has signed a procurement cooperation agreement with CATL, committing to supply approximately 3.05 million tons of lithium iron phosphate cathode materials from 2026 to 2031, with a total sales amount exceeding 120 billion yuan [1][2]. Group 1: Agreement Details - The agreement stipulates that Rongbai Technology will supply CATL with lithium iron phosphate materials, with the total sales amount exceeding 120 billion yuan [1][2]. - The Shanghai Stock Exchange has issued an inquiry letter to Rongbai Technology, questioning the accuracy of information disclosure, the content of the agreement, and potential insider trading risks [1][2]. - The exchange highlighted discrepancies between the company's current production capacity and the projected supply volume outlined in the agreement [2]. Group 2: Compliance and Disclosure Requirements - The Shanghai Stock Exchange has requested Rongbai Technology to provide detailed disclosures regarding annual production capacity, funding reserves, and strategic plans to ensure the company can fulfill the agreement [2][3]. - The exchange has also asked for clarification on whether the company has signed any agreements regarding capacity construction, product delivery, and pricing mechanisms [3]. - Rongbai Technology is required to conduct a self-examination of its internal decision-making processes and disclose any potential risks associated with the agreement [4][5]. Group 3: Market Reactions and Financial Performance - Following the announcement of the procurement agreement, Rongbai Technology's stock was suspended for trading due to the importance of the undisclosed matters [6]. - The company had previously announced a forecast indicating a net profit of approximately 30 million yuan for Q4 2025, while projecting an annual net loss between 150 million to 190 million yuan [5]. - The company attributed the performance changes to a decline in sales during the first three quarters, with a significant recovery in Q4 [5].