Ronbay Technology(SH:688005) Zhong Guo Jing Ying Bao·2026-01-18 10:48Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated an investigation into Rongbai Technology (688005.SH) for allegedly misleading statements regarding a significant contract announcement, aiming to maintain market stability [2][3]. Group 1: Contract Details - On January 13, 2026, Rongbai Technology announced a procurement cooperation agreement with CATL (300750.SZ), estimating to supply a total of 3.05 million tons of lithium iron phosphate cathode materials from 2026 to 2031, with a total sales amount exceeding 120 billion yuan [2][3]. - The agreement is said to be binding for both parties, with expectations of substantial growth in the lithium iron phosphate market due to advancements in solar and energy storage technologies, as well as AI [3][4]. Group 2: Regulatory Actions - Prior to the CSRC's investigation, the Shanghai Stock Exchange (SSE) issued an inquiry letter on the same day as the contract announcement, questioning the accuracy of the information disclosed and whether there was an intention to manipulate stock prices through the large contract [5][6]. - The SSE highlighted that the contract did not specify the total sales amount, and the company was required to clarify its production capacity and internal decision-making processes regarding the contract [6]. Group 3: Company Response - Rongbai Technology acknowledged in a subsequent announcement that the stated 120 billion yuan contract amount was an estimate, and the actual sales figures would depend on future orders and material prices, indicating uncertainty in the sales amount [7]. - The company has committed to cooperating with the CSRC during the investigation and will adhere to relevant legal and regulatory requirements for information disclosure [3][5].