Guan Cha Zhe Wang·2026-01-18 11:01Group 1 - The China Securities Regulatory Commission (CSRC) has initiated an investigation into Ningbo Ronbay New Energy Technology Co., Ltd. (Ronbay Technology) for allegedly misleading statements regarding a significant business contract [1] - On January 14, Ronbay Technology announced a procurement cooperation agreement with CATL, estimating a total sales amount exceeding 120 billion yuan for supplying 3.05 million tons of lithium iron phosphate cathode materials from Q1 2026 to 2031 [1] - On January 18, Ronbay Technology confirmed receipt of the CSRC's notice of investigation and stated that all business activities are operating normally during the investigation period [1] Group 2 - In response to inquiries from the Shanghai Stock Exchange, Ronbay Technology clarified that the 120 billion yuan contract total was an estimate and that the actual sales amount would depend on the final orders and raw material prices, indicating uncertainty in sales figures [2] - The company acknowledged that the original announcement lacked precision in describing the total contract amount and did not sufficiently highlight potential risks associated with the agreement [2] - Ronbay Technology is a multinational group specializing in the research, production, and sales of lithium battery cathode materials, having been listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board since July 22, 2019 [2]