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Ningbo Ronbay New Energy Technology Co. Ltd. Class A

Ningbo Ronbay New Energy Technology Co. Ltd. Class A

SSSE:688005
20.39
CNY
+0.80
(+4.08%)
0.13EPS
283.73P/E
21.87BMarket Cap
Oct 31Next Earn
Ningbo Ronbay New Energy Technology Co. Ltd. Class A
SSE:688005
(Shanghai Stock Exchange)

Recent

price

20.39

P/E

ratio

283.73

div

yld

3.10%

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.34
2.84
5.37
6.75
5.74
15.57
44.82
33.15
21.41
17.67
22.7
Revenue per Share
0.01
0.05
0.38
0.14
0.32
1.38
2.01
0.85
0.42
-0.27
0.11
Basic EPS, GAAP
-0.17
-1.28
-2.41
-0.24
0.59
-3.18
-4.96
0.23
-1.78
0.81
- -
Free Cash Flow per Basic Share
- -
0.02
0.03
0.01
0.06
0.07
0.28
0.43
0.45
0.61
0.63
Dividend per Share
0.39
2.59
5.27
6.53
6.79
8.13
10.37
12.06
11.73
11.19
10.88
Book Value per Share
0.36
2.56
4.82
6.14
6.3
7.55
9.32
10.96
10.59
9.93
9.4
Tangible Book Value per Share
660
660
566
620
661
659
672
683
705
694
673
Basic Weighted Avg Shares
885
1,879
3,041
4,190
3,795
10,259
30,123
22,657
15,088
12,267
15,287
Sales/Revenue/Turnover
2.9
4.46
9.25
7.72
4.79
8.92
6.13
5.36
4.24
0.22
3.11
Operating Margin (%)
19
24
53
103
138
180
319
441
625
757
- -
Depreciation Expense
7
31
213
87
213
911
1,353
581
296
-187
73
Net Income, GAAP
42.28
33.59
10.13
10.59
10.31
10.31
13.16
18.84
23.53
- -
49.53
Effective Tax Rate (%)
0.78
1.66
7
2.09
5.61
8.88
4.49
2.56
1.96
-1.53
0.48
Profit Margin (%)
69
1,089
1,777
2,504
2,599
854
2,941
5,768
3,207
1,900
449
Working Capital
7
3
- -
10
9
654
2,697
4,841
4,114
4,303
4,226
LT Debt
240
1,541
3,131
4,318
4,490
5,433
8,552
10,270
9,188
8,164
8,075
Total Equity
- -
3.31
8.79
2.33
5.18
16.41
13.8
4.1
2.09
- -
0.59
Return on Invested Capital (%)
- -
4.93
9.52
2.61
4.85
16.5
13.87
4.45
2.57
- -
0.89
Return on Capital (%)
- -
3.53
9.13
2.35
4.84
18.38
21.84
7.42
3.45
-2.28
0.9
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,496
3,589
3,594
LT Borrowings
4,299
3,998
4,223
LT Finance Leases
4
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
715
715
715
Market Capitalization
25,301
20,248
21,871

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,125
13,017
14,197
Cash, Cash Equivalents & STI
3,058
2,836
2,676
Accounts Receivable, Net
3,272
3,924
3,392
Inventories
2,137
2,590
4,362
Total Current Liabilities
10,225
12,093
13,748
Payables & Accruals
- -
- -
- -
ST Debt
2,496
3,589
3,594
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.36%
-11.14%
Free Cash Flow
- -
-342.76%
-145.11%
Net Income, GAAP
- -
21.33%
-163.34%
Sales/Revenue/Turnover
- -
57.42%
-18.69%
Total Cash Common Dividend
- -
80.12%
32.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,692
3,196
4,436
3,764
15,088
2025
2,964
3,285
- -
3,282
12,267
2026
3,781
4,940
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
0.07
0.15
0.25
0.42
2025
-0.02
-0.08
- -
0.02
-0.27
2026
0.02
0.14
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.05
0.28
0.05
0.45
2025
0.05
0.43
- -
0.06
0.61
2026
0.07
0.06
- -
- -
- -
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Business
Ningbo Ronbay New Energy Technology Co., Ltd. engages in the research, development, production, and sale of multi-materials including lithium iron manganese phosphate materials, sodium battery materials, and multi-precursors primarily used in the manufacture of lithium and sodium-ion batteries. Its core product portfolio includes NCM811 series, NCA series, Ni90 and above ultra-high nickel ternary cathode and precursor materials, lithium manganese iron phosphate cathode materials, layered oxides, and polyanionic sodium battery cathode materials. These products serve key markets such as new energy vehicle power batteries, electric two-wheeled vehicles, energy storage equipment, and electronic products in both domestic and international markets. Founded in 2014 and headquartered in Yuyao, China, Ningbo Ronbay has expanded its operations globally with production bases and offices in North America, Europe, and Southeast Asia. Recent major company developments include strategic cooperation agreements with CATL New Energy Fund Technology Co., Ltd. and other industry partnerships, along with a significant investment of approximately USD 362 million to establish two battery materials plants in Chungju, South Korea, marking a significant expansion of its manufacturing capabilities. In 2024 and 2025, Ningbo Ronbay achieved record sales growth with its ternary cathode materials, reaching a global market share exceeding 12%, maintaining the top global position for four consecutive years. The company has also made breakthroughs in sodium-ion battery cathode products, advancing integrated process equipment that significantly reduces manufacturing costs. Further, the company has enhanced its supply chain system by integrating technology output, material supply, and green manufacturing, and it continues upgrading production lines with advanced automation and digitization to drive efficiency and reduce operating costs. Ningbo Ronbay positions itself as a high-tech new energy materials enterprise focused on innovation and sustainable growth, providing comprehensive cathode material solutions across the battery value chain. Its products are essential components for lithium-ion and sodium-ion batteries powering electric vehicles, energy storage systems, and electronic products worldwide. The company remains committed to expanding its production capacity, technological advancement, and global footprint to meet growing demand in the new energy sector.