NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryCompanyCode:688005CompanyAbbreviation:RonbayTechnology
NingboRonbayNewEnergyTechnologyCo.,Ltd.
2024AnnualReportSummary
SectionIImportantNotes
1、Thisannualreportsummaryisderivedfromthefullannualreport.ForacomprehensivepictureoftheCompany’soperatingperformance,financialstatus,andfuturedevelopmentplans,investorsareencouragedtocarefullyreadthefullannualreportonthewebsitewww.sse.com.cn.
2、TheCompany'sBoardofDirectors,BoardofSupervisors,directors,supervisors,andseniormanagementpersonnelguaranteetheauthenticity,accuracy,andcompletenessoftheannualreport,ensuringtherearenofalserecords,misleadingstatements,orsignificantomissions,andtheybearindividualandjointlegalresponsibilities.
3、AlldirectorsoftheCompanyattendedtheBoardofDirectorsmeeting.
4、Pan-ChinaCertifiedPublicAccountants(SpecialGeneralPartnership)issuedastandardunqualifiedauditreportfortheCompany.
5、ProfitdistributionplanorcapitalreservecapitalizationplanforthereportingperiodapprovedbytheBoardofDirectorsAccordingtotheauditbyPan-ChinaCertifiedPublicAccountants(SpecialGeneralPartnership),asofDecember31,2024,theparentcompany'sdistributableprofitsattheendoftheperiodamounttoRMB268,284,854.38.UponreviewbytheCompany'sBoardofDirectors,theCompanyplansforthe2024fiscalyeartodistributeprofitsbasedonthetotalsharecapitalof714,725,470sharesregisteredontheequitydistributionrecorddate,excluding10,090,435treasurysharesinthespecialrepurchasesecuritiesaccount,resultinginabaseof704,635,035shares.Itisproposedtodistributeacashdividendof3.70yuan(taxinclusive)per10sharestoallshareholders,totalingaplannedcashdividendof260,714,962.95yuan(taxinclusive),whichaccountsfor88.11%ofthenetprofitattributabletoshareholdersoflistedcompaniesasperthe2024consolidatedfinancialstatements.TheCompanywillnotissuebonussharesandwillnotcapitalizethecapitalreserve.IftherearechangesintheCompany'stotalsharecapitalduetoconvertiblebondconversions,sharerepurchases,sharerepurchasesandcancellationforequityincentivegrants,orsharerepurchasesandcancellationformajorassetrestructuringsbetweentheannouncementdisclosuredateandtheequitydistributionrecorddate,theCompanyplanstomaintaintheper-sharedistributionratiounchangedandadjustthetotaldistributionamountaccordingly.Iftherearesubsequentchangesinthetotalsharecapital,aseparateannouncement
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarywillbemadedetailingthespecificadjustments.TheCompany's2024profitdistributionplanhasbeenreviewedandapprovedbytheFourthSessionoftheThirdBoardofDirectorsandtheFourthSessionoftheThirdBoardofSupervisors,andstillneedstobesubmittedforreviewbytheshareholders'generalmeeting.TheCompanyheldthethirdsessionofthethirdBoardofDirectorsonDecember27,2024,andreviewedandapprovedtheProposalontheCapitalReserveCapitalizationPlanfortheThirdQuarterof2024,whichwassubsequentlyreviewedandapprovedbythetemporaryshareholders'generalmeetingonJanuary15,2025,agreeingtocapitalizethecapitalreservestoshareholdersatarateof4.9sharesforevery10shares.TheCompanycompletedtheequitydistributioninMarch2025,withatotalof231,725,615sharesconverted,increasingthetotalsharecapitalto714,725,470shares.DetailsareprovidedintheThirdQuarter2024EquityDistributionAnnouncement(2025-005)disclosedontheShanghaiStockExchangewebsite(www.sse.com.cn)onFebruary28,2025.
SectionIIDefinitions
Inthisreport,unlessthecontextindicatesotherwise,thedefinitionsoffollowingtermsapply:
| DefinitionsofCommonTerms | ||
| Company,TheCompany,andRonbayTechnology | refersto | NingboRonbayNewEnergyTechnologyCo.,Ltd. |
| RonbayLithiumBattery | refersto | NingboRonbayLithiumBatteryMaterialCo.,Ltd.,thepredecessorofRonbayTechnology,originallynamedNingboJinheLithiumBatteryMaterialCo.,Ltd. |
| JinheLithiumBattery | refersto | NingboJinheLithiumBatteryMaterialCo.,Ltd.,laterrenamedNingboRonbayLithiumBatteryMaterialCo.,Ltd. |
| HubeiRonbay | refersto | HubeiRonbayLithiumBatteryMaterialCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany |
| BeijingRonbay | refersto | BeijingRonbayNewEnergyTechnologyCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany |
| TianjinRonbay | refersto | TianjinRonbaySkylandTechnologyCo.,Ltd.,asubsidiarycontrolledbytheCompany |
| EMTCorporation/EMT | refersto | EnergyMaterialTechnologyCo.,Ltd.,asubsidiarycontrolledbytheCompany |
| ShanghaiRonbay | refersto | ShanghaiRonbayNewEnergyInvestmentPartnership(LimitedPartnership),thecontrollingshareholderoftheCompany |
| RonbayManagement | refersto | BeijingRonbayNewEnergyInvestmentManagementCo.,Ltd. |
| RonbayDevelopment | refersto | BeijingRonbayNewEnergyInvestmentDevelopmentCo.,Ltd. |
| RonbayTechnologyInvestment | refersto | BeijingRonbayNewEnergyTechnologyInvestmentManagementCo.,Ltd. |
| ZunyiRonbayPartnership | refersto | ZunyiRonbayNewEnergyInvestmentCenter(LimitedPartnership) |
| HaiyuInvestment | refersto | HuzhouHaiyuEquityInvestmentPartnership(LimitedPartnership) |
| BAKPower | refersto | ShenzhenBAKPowerBatteryCo.,Ltd.anditssubsidiaryZhengzhouBAKBatteryCo.,Ltd. |
| ContemporaryAmperexTechnologyLimited/CATL | refersto | ContemporaryAmperexTechnologyCo.,Limitedanditssubsidiaries:JiangsuContemporaryAmperexTechnologyLimited,FudingContemporaryAmperexTechnologyLimited,SichuanContemporaryAmperexTechnologyLimited,andSAIC-CATLPowerBatteryCo.,Ltd. |
| EVEEnergy | refersto | HuizhouEVEEnergyCo.,Ltd.anditssubsidiariesHuizhouEVEChuangnengBatteryCo.,Ltd.,HuizhouEVEJinengCo.,Ltd.,andHubeiEVEPowerCo.,Ltd. |
| GEM | refersto | GEMCo.,Ltd.,JingmenGEMNewMaterialsCo.,Ltd.,GEM(Wuxi)EnergyMaterialsCo.,Ltd. |
| LygendResources | refersto | LygendResources&TechnologyCo.,Ltd. |
| WeLionNewEnergy | refersto | BeijingWeLionNewEnergyTechnologyCo.,Ltd. |
| SamsungSDI | refersto | SamsungSDICo.,Ltd.,asubsidiaryofSamsungGroup |
| TianqiLithium | refersto | ChengduTianqiLithiumCo.,Ltd. |
| Albemarle | refersto | AlbemarleManagement(Shanghai)Co.,Ltd. |
| GGII/GaogongIndustrialInstitute | refersto | AresearchandconsultingfirmfocusedonstrategicemergingindustriesinChina,withinstitutesforlithiumbatteries,electricvehicles,LED,robotics,newmaterials,andintelligentvehicles. |
| LithiumBattery | refersto | Atypeofbatteryusinglithiummetalorlithiumalloyascathodematerialandusingnon-aqueouselectrolytesolution.Lithiumbatteriescanbedividedintolithiummetalbatteriesandlithium-ionbatteries.Allreferencesto"lithiumbatteries"inthisreportarelithium-ionbatteries. |
| Lithium-IonBattery | refersto | Asecondarybattery(rechargeablebattery)thatoperatesprimarilybymovinglithiumionsbetweenthecathodeandanode.Intheprocessofcharginganddischarging,Li+isembeddedandde-embeddedbetweenthetwoelectrodes.Duringcharging,Li+isde-embeddedfromthecathodeandembeddedintotheanodethroughtheelectrolyte,andtheanodeisinalithium-richstate.Theoppositeistruefordischarging. |
| Sodium-IonBattery | refersto | Asecondarybattery(rechargeablebattery)thatoperatesprimarilybymovingsodiumionsbetweenthecathodeandanode.Inthe |
| processofcharginganddischarging,Na+isembeddedandde-embeddedbetweenthetwoelectrodes.Duringcharging,Na+isde-embeddedfromthecathodeandembeddedintotheanodethroughtheelectrolyte,andtheanodeisinasodium-richstate.Theoppositeistruefordischarging. | ||
| CathodeMaterials | refersto | Oneofthemaincomponentsoflithiumbatteries,theperformanceofthecathodematerialdirectlyaffectsvariousperformanceindicatorsoflithiumbatteries. |
| Precursor | refersto | Anintermediateproductwithhighlyuniformdistributionofmultipleelements,preparedthroughasolutionprocess.Thisproductcanbeconvertedintoafinishedproductthroughchemicalreactionsandhasadecisiveimpactontheperformanceindicatorsofthefinishedproduct. |
| TernaryCathodeMaterials/TernaryMaterials | refersto | Ternarycompositecathodematerialsmadefromnickelsalts,cobaltsalts,andmanganese/aluminumsaltsincathodematerialsoflithiumbatteries. |
| NCM(LithiumNickelManganeseCobaltOxide) | refersto | AternarymaterialwiththechemicalformulaLiNixCoyMnzO2,wherex+y+z=1.ItisthemostwidelyusedternarymaterialinChina.Thehigherthenickelcontent,thehigherthespecificcapacity. |
| NCA(LithiumNickelCobaltAluminumOxide) | refersto | AternarymaterialwiththechemicalformulaLiNixCoyAlzO2,wherex+y+z=1. |
| NCMA(LithiumNickelCobaltManganeseAluminumOxide) | refersto | AternarymaterialwiththechemicalformulaLiNixCoyMnzAlnO2,wherex+y+z+n=1. |
| LithiumIronPhosphate(LFP) | refersto | Aphosphate(chemicalformula:LiFePO4)withanolivinestructure,usedasthecathodematerialforlithium-ionbatteries,primarilyforlithium-ionpowerbatteriesandlithium-ionenergystorage. |
| LithiumManganeseIronPhosphate(LMFP) | refersto | Lithiummanganeseironphosphate(LiMnxFe1-xPO4),anewphosphatesolidsolutionlithium-ionbatterycathodematerialformedbypartiallyreplacingtheiron(Fe)inlithiumironphosphate(LiFePO4)withmanganese(Mn). |
| Newenergyvehicles | refersto | Vehiclesthatadoptadvancedtechnicalprinciples,newtechnologies,andnewstructures(oruseconventionalvehiclefuelsbutwithnewon-boardpowerdevices),integratingadvancedtechnologiesinvehiclepowercontrolanddrive. |
| Energydensity | refersto | Theenergypossessedbyabatteryperunitvolumeorunitmass,categorizedintovolumetricenergydensity(Wh/L)andgravimetricenergydensity(Wh/kg). |
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarySectionIIIBasicInformationandKeyFinancialDataoftheCompany
1、Companyprofile
1.1Summaryofcompanystock"√Applicable""□Notapplicable"
| Summaryofcompanystock | ||||
| Typeofstock | Stockexchangeandsectorwherethestockislisted | Stockabbreviation | Stockcode | Previousstockabbreviation |
| A-shares | ShanghaiStockExchangeScienceandTechnologyInnovationBoard | RonbayTechnology | 688005 | / |
1.2SummaryoftheCompany'sdepositaryreceipts"□Applicable""√Notapplicable"
1.3Contactpersonandcontactinformation
| SecretaryoftheBoardofDirectors | |
| Name | YuJiyun |
| Address | No.39TanjialingEastRoad,Yuyao,ZhejiangProvince |
| Tel | 0574-62730998 |
| Fax | 0574-62730997 |
| ir@ronbaymat.com |
2、Keyaccountingdataandfinancialindicatorsforthepastthreeyears
2.1Keyaccountingdata
Unit:YuanCurrency:RMB
| 2024 | 2023 | Thisyearvs.lastyearChange(%) | 2022 | |
| Totalassets | 24,622,978,521.33 | 24,639,096,566.49 | -0.07 | 25,660,046,343.51 |
| Netassetsattributabletoshareholdersoflistedcompanies | 8,440,667,718.62 | 8,698,065,813.64 | -2.96 | 6,964,671,593.28 |
| Operatingrevenue | 15,087,554,666.76 | 22,657,274,651.38 | -33.41 | 30,122,995,138.19 |
| Netprofitattributabletoshareholdersoflistedcompanies | 295,910,777.62 | 580,908,514.51 | -49.06 | 1,353,229,887.56 |
| Netprofitattributabletoshareholdersoflistedcompaniesafterdeducting | 244,072,202.29 | 515,391,565.36 | -52.64 | 1,316,756,769.65 |
| non-recurringgainsandlosses | ||||
| Netcashflowfromoperatingactivities | 523,401,116.89 | 1,795,379,751.91 | -70.85 | -240,981,050.07 |
| Weightedaveragereturnonnetassets(%) | 3.46 | 7.73 | Decreaseof4.27percentagepoints | 21.94 |
| Basicearningspershare(Yuan/share) | 0.42 | 0.85 | -50.59 | 2.01 |
| Dilutedearningspershare(Yuan/share) | 0.42 | 0.85 | -50.59 | 1.99 |
| ProportionofR&Dinvestmenttooperatingrevenue(%) | 2.81 | 1.56 | Increaseof1.25percentagepoints | 1.62 |
2.2Keyaccountingdatabyquarterduringthereportingperiod
Unit:YuanCurrency:RMB
| Firstquarter(January-March) | Secondquarter(April-June) | Thirdquarter(July-September) | Fourthquarter(October-December) | |
| Operatingrevenue | 3,691,640,761.48 | 3,195,976,159.83 | 4,435,657,808.45 | 3,764,279,937.00 |
| Netprofitattributabletoshareholdersoflistedcompanies | -37,241,586.34 | 47,519,467.83 | 106,116,910.41 | 179,515,985.72 |
| Netprofitattributabletoshareholdersoflistedcompaniesafterdeductingnon-recurringgainsandlosses | -38,330,259.94 | 34,521,303.84 | 92,524,080.68 | 155,357,077.71 |
| Netcashflowfromoperatingactivities | -1,001,462,119.71 | 161,730,427.11 | 355,018,323.75 | 1,008,114,485.74 |
SectionIVManagementDiscussionandAnalysis
1.Discussionandanalysisofbusinessconditions
Thecompanyremainsstrategicallyoptimisticabouttheoverallmarketcompetitivenessofhigh-nickel/ultra-high-nickelternarymaterials.Globally,themarketshareofhigh-nickel/ultra-high-nickelternarymaterialsisboundtosteadilyincreaseinthefuture.Currently,thereisacleardemandforhigh-energydensityandlong-rangebatteriesinhigh-endvehiclemodelsintheEuropeanandAmericanmarkets,withhigh-nickel/ultra-high-nickelternarymaterialsbeingthe
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryoptimalchoice.Especiallywiththegradualindustrializationofsolid-statebatteries,therequirementsforenergydensityareincreasinglyhigher,makinghigh-nickel/ultra-high-nickelternarymaterialstheoptimalchoiceforsolid-statebatteries.Inhigh-latituderegionslikeEurope,whereextremecoldenvironmentsdemandbetterlow-temperatureperformance,high-nickel/ultra-high-nickelternarymaterialscanleveragetheirsuperiorlow-temperatureperformanceadvantages.Globally,thevaluablemetalsinhigh-nickel/ultra-high-nickelternarymaterialscanbefullyrecycled.ParticularlyinEuropeanandAmericancountries,wherestringentsustainabilityrequirementsprevail,asalargenumberofbatteriesreachend-of-lifeinthefuture,theindustrialchainforefficientternarymaterialsrecyclingwilldemonstrategreaterlow-costadvantages.Since2024,themassadoptionofthe4680largecylindricalbatteriesinvehicleshasbegun,acceleratingtheindustrializationofsolid-statebatteries.Emergingmarketssuchashumanoidrobotsandlow-altitudeeconomywillinevitablyfavorhigh-nickel/ultra-high-nickelternarymaterialswithhigherenergydensityandpowerperformance.
Duringthereportingperiod,theglobalnewenergyindustrycontinueditsrapidgrowthtrend.AccordingtoEVTankdata,globalnewenergyvehiclesalesreached18.236millionunitsin2024,ayear-on-yearincreaseof24.4%.Drivenbythenewenergyvehiclemarket,globalpowerbatteryshipmentscontinuedtogrow.AccordingtoSNERdata,thetotalglobalinstalledcapacityofpowerbatteriesreached894.4GWhin2024,ayear-on-yearincreaseof27.2%.
AccordingtothedatafromICCSINOLithiumBattery,globalternarymaterialproductionreached953,000tonsin2024,withChina'sternarymaterialproductionat614,000tons.Asagloballeaderinternarycathodematerials,theCompanyshipped120,000tonsin2024,ayear-on-yearincreaseofover20%,withaglobalmarketshareexceeding12%,leadingtheworldforfourconsecutiveyears.Additionally,theCompanymadepositiveprogressinproductandcustomerstructureoptimization,newbusinessareassuchaslithiummanganeseironandsodiumbatteries,R&D,globallayout,andorganizationaldevelopment.
Duringthereportingperiod,theCompany'soperatingperformanceimprovedquarterbyquarter,withtotalprofitsandprofitpertoncontinuouslyimproving.WiththefullmonthlyproductioncapacityoftheKoreanfactoryinthefourthquarter,thefurtherincreaseinoverseascustomersalesandthesalesratioofultra-high-nickelproducts,theCompanyultimatelyachievedanannualoperatingrevenueof
15.088billionyuanandanetprofitof329millionyuan.
1.1DailyOperatingBusiness
1.1.1KeyBusinessProgress
1)Ternarycathodebusiness
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryDuringthereportingperiod,theCompany'ssalesofternarycathodematerialsreached120,000tons,achievingacounter-trendgrowthof20%,withaglobalmarketshareexceeding12%,afurtherincreaseof2percentagepointsfrom2023,maintainingtheglobalfirstpositionforfourconsecutiveyears.Onthebasisofcontinuousimprovementinbusinessscale,boththeCompany'scustomerandproductstructureshaveseensignificantimprovements.In2024,thecumulativesalestooverseascustomersexceeded20,000tonsforthefirsttime,withshipmentsofultra-high-nickelproductsabovethe9-seriesreaching27,000tons,increasingtheratioto23%.
Since2024,thewidespreadinstallationof4680largecylindricalbatteriesinvehicleshasacceleratedtheindustrializationofsolid-statebatteries.Emergingmarkets,suchashumanoidrobotsandthelow-altitudeeconomyhaveachievedsignificantdevelopment.Thesemarketsegmentshaveclearlydemandedhigherenergydensityandhigherpowerperformanceforhigh-nickelternarymaterials.Asaleaderinhigh-nickelternarymaterials,theCompanyhastakentheleadinsecuringpositionsintheseemergingmarkets,providingnewsupportforthecontinuousgrowthoftheCompany'sfuturebusiness.
Additionally,duringthereportingperiod,theCompany'smid-nickelhigh-voltageseriesproductswerealsorecognizedbyleadingcustomers,whichwillprovideanewgrowthpointforthecontinuousandstableincreaseinthesalesofternarymaterials.
In2024,theCompanyinvestedapproximately175millionyuaninstrategicbusinessessuchasprecursors,lithiummanganeseiron,andsodiumbatteries.TheCompany'scontinuousandsteadfastinvestmentinstrategicbusinesseshelpsachievestrategiclayoutandcustomerpositioning.Excludingstrategicbusinessinvestments,theternarycathodebusinessachievedafull-yearprofitof504millionyuan.Withthecontinuousincreaseinoverseasproductioncapacityandthereleaseofoverseascustomerdemandin2025,theCompany'sprofitabilitywillbefurtherenhanced.
2)Lithiummanganeseironphosphatebusiness
Duringthereportingperiod,withthedevelopmentofcommercialvehiclemarketssuchaselectrictrucks,thesalesofmanganese-iron-lithiumproductsinthehigh-powersectorsignificantlyincreased.TheCompany'sshipmentoflithiummanganeseironphosphateproductssawayear-on-yearincreaseofover100%,maintainingtheindustry'sleadingmarketsharefortwoconsecutiveyears.
TheCompanyholdstheprimarysupplierpositionwithmultiplecustomers.Thefirst-generationproductsecurednearly10,000vehicleordersfromleadingpowerbatterycompanies,achievingabreakthroughinmassproductionintheEVsector.TheEVclient'spureapplicationsolutionleadstheindustryandhassecuredcooperationintentionsfromtopinternationalcustomers,showingpromisetofurtherexpandthemarketspaceforlithiummanganeseironphosphate.
Thesecond-generationlithiummanganeseironphosphateproducthascompletedvalidationandfirst-stagespecification,withper-tonwatt-hourcost10%lowerthanlithiumironphosphate,havinggainedfullcustomerrecognition.Aftercompletingbatchstabilityverification,production
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarylinemodificationisexpectedtobecompletedby2025,enablingmassproductionanddelivery.
3)SodiumbatterybusinessDuringthereportingperiod,theCompanymadesignificantbreakthroughsinthedevelopmentofsodium-ioncathodeproducts,withsubstantialimprovementsinvariousperformanceparameters,processstability,andcostcontrol.TheCompany'ssodium-ioncathodeproductshavemaintainedclosecooperationwithmainstreamcustomersbothdomesticallyandinternationally.Infieldssuchaspower,energystorage,andstart-stoppowersupplies,theCompanyhassecuredleadingpositionsamongtopbatterymanufacturers,boastinganindustry-leadingannualshipmentvolume.Itisexpectedthattheshipmentvolumewillcontinuetoexperiencerapidgrowthby2025.
Inearly2025,theCompanysuccessivelysecuredordersfor3,000tonsoflayeredoxidecathodematerialsandhundredsoftonsofpolyanioniccathodematerials,promptlyinitiatingmassproductionanddeliveryprocesses.Additionally,theCompanyhasbegunconstructinganewproductionlinewithanannualproductioncapacityof6,000tonsofsodium-ioncathodematerialsinXiantao,Hubeitomeetthedemandsofstrategictop-tiermarketcustomers.
4)Precursorbusiness
Theprecursorsegment,asacrucialpartoftheCompany'ssupplychain,hassynergisticallydevelopedwiththecathodebusinessovertheyears,enhancingtheCompany'soverallcompetitiveness.Duringthereportingperiod,theCompany'sdomesticandinternationalprecursorproductionlinesbothpassedcertificationauditsbytop-tierinternationalcustomers,markingtheCompany'sprecursorproductsashavingreachedglobalfirst-classstandardsintechnologyandquality.
TheCompany'shigh-nickel/ultra-high-nickelbatchprocesstechnologyisattheindustry'sleadinglevel.Duringthereportingperiod,theprecursorbusinesssuccessfullyfacilitatedthedevelopmentcooperationofhigh-nickel/ultra-high-nickelcathodeswithrenowneddomesticandinternationalcustomers,withtheprecursorproductsalsoenteringtheintroductionphase.TheCompanyhassimultaneouslydevelopedaseriesofproductsincludinglithiummanganeseironphosphate,sodium-ionprecursors,andmid-nickelternaryprecursors,amongwhichthelithiummanganeseironliquid-phaseprecursorhasachievedmasssupply.
By2025,leveragingitsgloballayout,theCompany'sKoreanprecursorproductionlinewillachievemasssupplytointernationalcustomersandacceleratetheestablishmentofnewoverseasprecursorcapacities,strengtheninginternationalcustomerdevelopmentandcontinuouslyenhancingcorecompetitiveness.
5)Equipmentbusiness
TheCompany'sequipmentbusinessadherestoindependentdevelopment,drivingcontinuousimprovementsinproducttechnicalperformanceandcostadvantages.TheCompany'sindependentlydevelopedlargerotarykilnhasachievedbreakthroughsinthemassproductionapplicationsofternarycathodes,phosphatecathodes,andprecursors,successfullycompletingmassproductionverificationofhigh-nickelcathodematerials.Itissetforlarge-scaleapplicationinthenextgenerationofproduction
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarylines.Thepioneeringinnovativesodiumbatteryintegratedprocessequipmenthascompletedpilotcertification,withtheuniquetechnologysignificantlyreducingsodiumbatterymanufacturingcosts,openingupnewgrowthpointsinthenewenergyfield.Full-industry-chainequipmentresearchanddevelopment(R&D)focuseson"highperformance+lowcost,"drivenbybothtechnologicaliterationandlarge-scaleapplication,continuouslyenhancingtheCompany'scomprehensivecompetitiveness.
1.1.2R&DProgressTheCompanyhasalwaysemphasizedtechnologicalinnovation,strengtheningR&DcapabilitiesandexpandingR&Dscope.R&Ddirectionextendsfromcathodematerialrecyclingindustrychaindownstreamtomaterialelectrochemicalsystems,includingbatterycelldesign,manufacturinganddismantlingprocesses,promotingusedbatteryrecycling.TheCompany'sscientificresearchcooperationreachesmetalminesandurbanmines.Whiledrivingindustryprogress,theCompany'srelationshipwiththeindustrybecomescloser,supplychainmoreoptimized,andprocessesfurtherstabilized.ThroughR&Dandscientificresearchservices,theCompanyiscommittedtoforminganefficient,low-energy-consumption,zero-emissionproductionmodel,achievinganefficientandstablesupplychain,meetingsustainabledevelopmentgoals,andultimatelyenhancingthemarketcompetitivenessofcathodematerials.
Duringthereportingperiod,theCompanycontinuouslyincreaseditsR&Dinvestment,withR&Dexpenditurestotaling424millionyuan,representingayear-on-yearincreaseofapproximately20%.Intermsofpatents,theCompanyhascompletedapplicationsfor245domesticpatentsand29internationalpatents,andhasbeengranted150patents.TheCompany'stotalcumulativepatentapplicationshavereached1,206,withatotalof597patentsgrantedbothdomesticallyandinternationally.TheCompany'spatentscovernotonlylow-nickel/mid-nickel/high-nickel/ultra-high-nickelternarymaterials,lithiummanganeseironphosphate,sodium-ioncathodematerials,andprecursormaterialsbutalsoincludecutting-edgeproductssuchassolid-statebatterymaterials,spinelnickel-manganeseoxidecathodes,andlithium-richmanganese-basedcathodes.Additionally,itincludesupstreamanddownstreamareasoftheindustrychainsuchasengineeringequipment,testing,recycling,electrodesheets,andbatteryapplications.
Inthefieldofcutting-edgetechnology,ultra-high-nickelternarycathodematerialsandsulfideelectrolytematerialsforsolid-statebatterieshavebeenrecognizedbymultipledomesticandinternationalcustomers.Thecapacityandcycleperformanceofall-solid-statebatterycathodematerialsremainleading,andthepilotproductionlineforsulfideelectrolytesisexpectedtobecompletedby2025.Spinelnickel-manganeseoxideandlithium-richmanganese-basedcathodematerialscontinuetobevalidatedincollaborationwithmultiplecustomers,demonstratingexcellentperformanceandreceivingrecognitionfromseveralcustomers.Spinelnickel-manganeseoxidehasachievedmassshipment,anditisexpectedtorealizelarge-scaleproductionandvehicleinstallationby2026.
1.1.3SupplyChainProgress
Duringthereportingperiod,theCompanyestablishedathree-in-onesupplychainsystemintegratingtechnologyoutput,materialsupply,andgreenmanufacturing,providingnotonlycathodematerialsbutalsocoveringresearchservices(processdesign,performanceoptimization,etc.)andtechnologytransfer(patentlicensing,technologytransfer,etc.).Asagloballeaderincathodematerials,theCompanycollaboratesopenlywithpartnersatalllevelsoftheindustrychain,achievingoptimalresourceallocationandmaximumefficiency,forminganefficient,low-consumption,zero-emission,andirreproduciblesupplychainbarrier.
TheCompanycontinuestodeepenitsglobalsupplylayout.BasedonitscathodematerialbaseinSouthKorea,theCompanyhasestablishedasupplychainsystemforkeymetals(suchaslithium,nickel,andcobalt)thatmeetstherequirementsoftheEUBatteryRegulationandtheU.S.InflationReductionAct.Ithassetuparawmaterialtraceabilitysystemandrequiresupstreamsupplierstocompleteresponsibleminingassuranceinitiativecertifications,meetingtherequirementsofEuropeanandAmericancustomers.TheCompanyhasincreaseditseffortstoextendinvolvementwithupstreamresourcesbyrenewinglong-termsupplyagreementswithleadinglithiumsaltcompaniesandreachinglong-termcooperationwithminingenterprisesinAustraliaandAfrica.Fornickelandcobaltresources,theCompanydeepenscooperationwithnickelsmeltingenterprisessuchasGEMandLygend,andhasestablishedconnectionswithlocalnickelminingenterprisesinIndonesia,significantlyenhancingitscontroloverupstreamresourcesandsignificantlyimprovingsupplychainsecurityandcostadvantages.
1.1.4EngineeringTechnologyProgress
TheCompany'sindependentlydesignedkiloton-levellargeproductionlinehasbeeninstalledinSouthKoreaandisexpectedtostartpilotproductioninthefirsthalfof2025,achievingasignificantincreaseinenergyefficiencycomparedtothephase-Iproductionlineinthecountry.Additionally,thenext-generation3,000-tonultra-largeproductionlineisunderdevelopment,withfurtherupgradesinequipmentautomationandproductionlinedigitization,resultinginareductionofcoreindicatorssuchasone-timeinvestmentandoperatingcostsbyover20%onaveragecomparedtothepreviousgenerationofkilotonproductionlines.
TheproductionlineforthePolandprojecthasbeenupgradedanditeratedbasedontheSouthKoreankilotonproductionline,withanautomationlevelsuperiortothatoftheSouthKoreanline.Theprojecthascommenceddesignandprocurementworkandisexpectedtobecommissionedby2026.ThelaunchofthenewproductionlineinEuropemarksasecondupgradeintheCompany'soverseasengineeringtechnologydevelopmentandcomprehensiveprojectmanagementcapabilities.Italsoexportsabatchofinternationalengineeringandtechnicaltalents,layingthefoundationforthesmoothimplementationoffutureprojectsinotherglobalregions.
1.1.5ProgressinIndustrializationofManufacturingManagementDuringthereportingperiod,aglobalsystemwasactivelyestablishedonthemanufacturingmanagementplatform.TheChungjucathodefactoryinSouthKoreacarriedoutprocessinnovationandTPMmanagement,withthephase-Iprojectcompletingtheintroductionofinternationalcustomercertificationandachievingfullproductioninthefourthquarter.Thephase-IIprojectinSouthKoreahasbeencompletedandisplannedforpilotproductioninthefirsthalfof2025.TheSouthKoreanprecursorfactoryhascompletedtechnicalmodificationsofproductionlinesandpassedinternationalcustomercertification,preparingforoverseasorderstockpiling.Intermsofsmartproductionandinformationsystemintroduction,themanufacturingmanagementoperatingsystemhasbeensuccessfullypiloteddomesticallyandwillbepromotedtooverseasbases.Byintegratingcapabilitiesfromengineering,manufacturing,anddigitalpromotionplatforms,thephase-IIproductionlineinSouthKoreawillbecomeagloballyleadingcathodematerialproductionlineuponcompletion.TheengineeringmanagementteamforthePolandprojectisbeingfullyestablished.TheCompanywillformulatemulti-dimensionalsmartenhancementstrategiesbasedontheEuropeanproject.
Intermsoftalentcultivationandreserves,theCompanyhassetupownergroupsforEuropeanandSouthKoreanprojects,matchingdomestichumanresourcesfromdifferentprofessionsthroughouttheprocessfromprojectplanning,design,construction,delivery,todebuggingandmassproduction,providingfull-processtechnicalandmanagementempowerment.Meanwhile,theCompanypromotesoverseastalentcultivationanddevelopment,completingthesupplementationofseniormanagementpositionsandlocalizedoperationaltalentsattheChungjucathodefactoryinSouthKoreaandthePolandcathodefactory,drivingthetalentstructuretowardsinternationalization,andconductingculturalintegrationandpromotionactivitiesbetweendomesticandoverseasteamstoenhancecross-culturalcollaboration.
1.2GlobalizationProgress
TheCompany'sglobalizationhasalwaysbeenattheindustry'sforefront.Withthecurrentchangesintheworld'spoliticalandmarketenvironment,thisadvantagewillbefurtheramplifiedby2025.Duringthereportingperiod,withthedeepeningoftheglobalizationstrategy,theCompanyachievedfruitfulresultsinoverseasdevelopment,withalayoutformedasfollows:
Client-side:57newinternationalclientsweredevelopedinJapan,SouthKorea,Europe,andNorthAmerica;multipleinternationalclientdevelopmentagreementsandstrategiccooperationagreementsweresigned;theSouthKoreanfactoryreceivedcertificationfromJapaneseclientsandbeganmassproduction,whilealsobeingofficiallyintegratedintothesupplychainofwell-knownJapaneseandSouthKoreanbatterycompanies.
Manufacturing-side:IntheSouthKoreanregion,theCompanyhasestablishedanannualproductioncapacityof20,000tonsofhigh-nickelternarymaterialsand6,000tonsofprecursors,withanadditional40,000tonsofhigh-nickelcapacitycompletedandexpectedtostartpilotproductioninthe
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryfirsthalfof2025;intheEuropeanregion,theCompanycompletedthelayoutofthePolandbasethroughinvestmentandacquisition.Thebase'sfactorybuildings,laboratorybuildings,andauxiliaryfacilitiesarecomplete,withallnecessaryenvironmentalassessmentproceduresinplace.Thephase-Iprojectofthe20,000-tonmid-nickel/high-nickelternarymaterialsisprogressingsteadilyandisexpectedtocompletethemainstructurewithin2025;intheNorthAmericanregion,theCompanyhascompletedtheregistrationofitsNorthAmericansubsidiary;aftermorethanayearofsiteselectionandpreparation,theNorthAmericanprojecthasenteredtheinitiationstage.SupplyChain:TheCompanyhassigned3-yearlong-termcontractswithinternationallithiumsaltsupplierstosecurelong-termresourcesandprices;establisheddeepcooperationwithhigh-qualitylithiumminersinAustralia,Africa,andSouthAmerica;optimizedMHPsupplyandcostchannelstostabilizerawmaterialsourcesfornickelmaterialtradingbusiness,layingthefoundationforoptimizingglobalmaterialcosts.
TalentManagement:TheCompanyhasrecruitedandbuiltateamoftalentswithinternationalvisionandprofessionalskills,increasingtheproportionoflocalizedemployeesandlocalmanagementtalentsinoverseasbases.SocialResponsibilityandSustainableDevelopment:TheCompanyactivelyadoptedenvironmentalprotectionmeasures,participatedinlocalpublicwelfareactivities,andimprovedemployeebenefits,enhancingitsengagementincorporatesocialresponsibilityandsocialgovernance,integratingintothelocalsociety.WiththeglobalizationandadvancementoftheCompany'soverseasbusiness,Ronbayiscontinuouslylearningandimprovingindevelopment,graduallybecomingacompanythatadaptstodifferentnationalsystems,cultures,andmanagementenvironmentsworldwide.
1.3ProgressinOrganizationandManagement
Duringthereportingperiod,theCompanycomprehensivelyoptimizedthegroup'sorganizationalmanagementsystem,constructedaminimalistthree-layerorganizationalstructure,establishedafuturestrategyoffice,strengthenedthegroup'sstrategiccontrolandinnovationbusinessinvestmentcapabilities,andfullyauthorizedbusinessunitsfordailyoperations.Basedonthefunctionalempowermenthierarchyandbusinessvaluechainpositioning,theCompanymodularizedeachdepartment,formingacross-functionalmatrixcollaborationmechanism,helpingtobuildanindustrialinvestmentandoperationgroup.
Tosupportthecontinuousimplementationoftheglobalstrategy,theCompanywillfurtherimprovethediversifiedincentivemechanismtoensurethatallregionsathomeandabroadcanattracttalentsandbuildexcellenttalentechelonstomeetthegrowingneedsoftheCompany'sinternationalbusiness.Inthefuture,theCompanywillincreaseitseffortsintrainingandcultivatingemployeesandcadres,acceleratedigitalandintelligenttransformationandartificialintelligenceapplicationsinvariousfields,andbuildanefficientglobalmanagementplatform.
2.OverviewoftheCompany'sMainBusinessDuringtheReportingPeriod
2.1MainBusiness,Products,orServices
TheCompanyismainlyengagedintheresearch,development,production,andsalesofmulti-materials,lithiummanganeseironphosphatematerials,sodium-ionmaterials,andmulti-precursormaterials.Theproductsaremainlyusedinthemanufactureoflithium/sodiumbatteriesandareprimarilyappliedinfieldssuchaselectricvehicles,electrictwo-wheelers,energystorageequipment,andelectronicproducts.CoreproductsincludeNCM811series,NCAseries,NCMAseries,Ni90andaboveultra-high-nickelseriescathodematerials,pureandblendedlithiummanganeseironphosphatecathodematerials,layeredoxideandpolyanionseriessodium-ioncathodematerials,andternaryprecursors.
AsthefirstdomesticcompanytoachievemassproductionofNCM811seriesproductsandapplythemtoglobalmainstreamterminalautomakers,theCompany'shigh-nickelandultra-high-nickelseriesproductsareatthegloballeadinglevelintermsoftechnologyandproductionscale.Inrecentyears,withthemassproductionandinstallationonvehiclesofhigh-energydensitybatteriessuchasQilinbatteriesandlargecylindricalbatteries,theCompany'sultra-high-nickel9-seriesproductshipmentshavecontinuedtoincrease;inthefieldofsolid-statebatteries,ithasestablishedcooperationwithmorethan40domesticandinternationalbatteryandcompletevehiclemanufacturers,includingCATLandWeLionNewEnergy.Particularly,thebatteryproductsmatchedwiththecathodematerialsforsemi-solid-statebatterieshavebeenappliedtoterminalcustomers'1000-kilometerultra-long-rangemodels.Theternarycathodematerialsforsolid-statebatteriesfeaturehighcapacity,stableinterface,andlongcyclelife,gainingfullrecognitionfromleadingindustrycustomers,withstablegrowthinshipmentsduringthereportingperiod.Simultaneously,guidedbyaglobalstrategy,theCompanyaccelerateditsentryintotheEuropeanandAmericannewenergyvehiclemarkets,continuouslyoptimizingitscustomerstructure.In2024,theproportionofoverseascustomersfurtherincreased.Additionally,theCompanyhasestablishedcooperativerelationshipswithfiveoftheworld'stopsixmostvaluablebatteryandelectricvehiclecustomers,withcumulativeoverseascustomersalesexceeding20,000tons.Withpositiveprogressininternationalcustomerdevelopment,theCompany's9-seriesultra-high-nickelproductshaveachievedcumulativesalesof27,000tons,markinganewbreakthrough.
Afteryearsofaccumulation,thestrategicadvantagesoftheCompany'sprecursorsegmenthavebecomeincreasinglysignificant,andthesynergisticeffectswiththecathodesegmentarealsobecomingmoreprominent.In2024,theCompany'sprecursorproductionlinesuccessfullypassedthecertificationauditoftopinternationalcustomers,indicatingthattheproductqualitylevelhasreachedglobalfirst-classstandards.Thehigh-nickel/ultra-high-nickelbatchprocesstechnologyhasreachedanindustry-leadinglevel,andsignificantbreakthroughshavealsobeenachievedinlithiummanganeseironliquid-phaseprecursors.Theoverallcompetitivenessimprovementoftheprecursorbusinessin2024hasalsobroughtmoreprojectcollaborationopportunitiesfortheCompany'scathodebusiness,formingnewgrowth.Currently,relatedprojectsareprogressingsteadilyandareexpectedtoachievebreakthroughsin
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummary2025,furtherenhancingtheCompany'sinfluenceandmarketshareintheindustry.Asacomprehensivesupplierofcathodematerialscoveringtheentiremarket,theCompanycontinuestoexpanditscompetitiveadvantageandmarketterritoryinhigh-nickelmaterialswhileinnovatingarounditsmainbusiness.Theperformanceofthemid-nickelhigh-voltageseriesmaterialshasbeencertifiedbycustomers,andmultiplelithiummanganeseironphosphatecathodematerialshavebeenappliedinfour-wheeledvehicles,two-wheeledvehicles,energystorage,andconsumerfields.Thedevelopmentofthenewgenerationoflow-costproductshasalsomadephasedprogressandhasbeenrecognizedbyendcustomers.In2024,theCompany'slithiummanganeseironmaterialachieveddoubledsalesvolume,withthemixedsystemcompletingMinistryofIndustryandInformationTechnology(MIIT)filingfortwodomesticvehiclemodels,whilethepuresystemalsoobtaineddesignatedcertificationfromoverseasbatterycellcustomers.Basedontheoriginalsmallpowermarket,withthedevelopmentofcommercialvehiclemarketssuchaselectrictrucks,lithiummanganeseironproductshavealsoseenasignificantincreaseinsalesinthelargepowersector.Inthesodium-ionfield,theCompany'slayeredoxideandpolyanionicproductsareattheindustry-leadinglevelintermsofcomprehensiveindicatorssuchasperformance,processstability,andcostcontrol,securingkeypositionswithtopcustomersathomeandabroad.Theproductionlinehaspassedcustomerauditsandcertificationsandisexpectedtoachievelarge-scalemassproductionanddeliveryin2025.
2.2MainBusinessModelsTheCompanypossessesanindependentR&D,procurement,production,andsalessystem,primarilyachievingprofitabilitythroughtheR&D,manufacturing,andsalesofdiversecathodematerialsandtheirprecursors,lithiummanganeseironphosphatematerials,andsodium-ioncathodematerials.
(1)R&DModel
TheCompanyhasformedacustomer-centric,market-orientedR&Dsystem.Itoperatesthroughbusinessdivisionsthatfocusoncustomerneedsandaresearchinstitutededicatedtoforward-lookingindustriesandhigh-endproducts.Additionally,byadoptingtheIntegratedProductDevelopment(IPD)approach,cross-departmentalproductdevelopmentteamshavebeenformed,enhancing"horizontal+vertical"R&Dcapabilities.TheCompany'sCentralResearchInstituteintegratesR&DresourcesfromChina,Japan,andSouthKorea,undertakingcorefunctionssuchascutting-edgetechnologyresearch,productprocessinnovation,andincubationofnewventures,supportingtheCompany'stransformationfromoriginalinnovationtomassproductionandenhancingitsR&Dcapabilitiesinprocessimprovement.IntermsofindustrializingR&Dproducts,theCompanyprovidesmaterialsamplestocustomerswhilealsoofferingsuggestionsonusageconditionsbasedonthedevelopmentstatusofdownstreamcustomers'batteryproducts,assistingcustomersinfinalizingtheirbatterysystemsandjointlyexploringproductapplicationmarkets.RegardingR&Dpersonneltraining,theCompanycontinuouslyempowers
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryR&DstaffthroughR&Dsystemtrainingandknowledgesharing,providingasteadystreamofR&DtalentsfortheCompany'sbusinessexpansion.
(2)ProcurementModel
Toachieveintegratedmanagementofsupplychaindevelopment,centralizedprocurement,andprocessingtrade,theCompanyestablishedRonbayCommerceandcontinuestodevelopanintegratedcommercialandindustrialtradingplatformonbasisoftheestablishment.Regardingprocurementstrategy,formajorrawmaterialssuchasnickel,cobalt,manganese,andlithium,theCompanyhasestablishedlong-termpartnershipswithrenowneddomesticandinternationalupstreamsuppliersincludingGanfengLithium,Albemarle,GEM,TianqiLithium,HuayouCobalt,andLygendResources,formingarelativelystablequalifiedsupplierlist,ensuringcontinuousstablerawmaterialsupplywhileestablishingcostcompetitiveadvantages.Intermsofsuppliermanagement,theCompanystrictlycontrolstheprocurementprocessbypromotingstandardizedbiddingproceduresandsystematicsupplierevaluation,ensuringthereliabilityofrawmaterialquality.
(3)ProductionModel
TheCompanyprimarilyadoptsaproductionmodelbasedonsales,guidedbycustomerordersandmedium-ctolong-termdemandplans,toformulateandimplementproductionplans.Intermsofproductionorganization,theCompanyhasestablishedcomprehensiveproductionprocesscontrolproceduresandfast,effectivecustomerorderprocessingworkflows.Theproductiondepartmentformulatesproductionplansbasedonsalesplansprovidedbythesalesdepartment,aswellasactualinventory,safetystocklevels,andproductioncapacityoftheworkshop.Inactualoperations,theproductionpaceisreasonablyadjustedaccordingtospecificorders,ensuringtimelydeliveryandstablequalitywhilereducinginventorylevelstocontrolproductioncostsandimprovecapitalefficiency.Additionally,tomeettheproductionneedsofsomenewmaterials,theengineeringdepartmentoptimizestheproductionlinelayoutandequipmentstructureaccordingtothespecialrequirementsofnewproducts.Furthermore,toaddresstheissuesofwidelydistributedcustomers,rapiddevelopmentspeed,andsignificantscaledifferences,theCompanyhasestablishedfourmajorproductionbasesinHubei,Guizhou,Zhejiang,andSouthKorea,andsetupofficesinNingde,Shenzhen,andSouthKorea.Thismaximizestheutilizationofmarketresources,enablingrapidresponseinproductdevelopment,manufacturing,andlogistics.Forstrategiccustomers,theCompanyalsoimplementscustomizedproductionbasedontheirspecifictechnicalparameterrequirementstoensurestablesupplyandhighperformanceofproducts.
(4)SalesModel
TheCompanyprimarilyadoptsadirectsalesmodel,withcorecustomerscoveringmainstreambatteryfactoriesandautomakersbothdomesticallyandinternationally.Giventhecomplexityofthebatterymaterialsystems,thelongR&Dcycleofpowerbatteries,andthehighprecisioncontrol
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryrequirementsinthemanufacturingprocess,theCompany,asacathodematerialenterprise,needstoprovidecustomerswithsupportingtechnicalsolutionsfordifferentbatterysystems.Tothisend,theCompanyorganizesandcoordinatessales,R&D,procurement,andengineeringdepartmentstoformprojectteamstoquicklyrespondtospecificneedsofdifferentcustomers.
2.3IndustryOverview
2.3.1Developmentstage,basiccharacteristics,andmaintechnicalbarriersoftheindustry
(1)IndustryDevelopmentStageTheCompanyprimarilyfocusesonthefieldofcathodematerialsforlithium-ionbatteries,whichisacrucialcomponentofstrategicemergingindustriesandservesasakeyfoundationalmaterialforthedevelopmentofnewenergy,newmaterials,newenergyvehicles,andenergystoragesectors.BasedonChina's"carbonpeakingandcarbonneutrality"goals,andcatalyzedbyregulationssuchastheEU'sbanonthesaleoffuelvehiclesby2035andtheU.S.InflationReductionAct,thelithiumbatteryindustrycontinuestofollowthelong-termpositivedevelopmenttrendoftheglobalnewenergyvehicleindustry.
In2024,theglobalnewenergyvehiclemarketcontinuestoshowanoverallgrowthtrend.AccordingtoEVTankdata,globalnewenergyvehiclesalesreached18.236millionunitsin2024,ayear-on-yearincreaseof24.4%.Amongthese,theChinesemarketperformedparticularlywell,withnewenergyvehiclesalesreaching12.866millionunitsin2024,ayear-on-yearincreaseof35.5%,raisingitsshareofglobalsalesfrom64.8%in2023to70.5%.Thissignificantgrowthismainlyduetothefar-exceedingexpectationsofChina'svehicletrade-inprogram,coupledwithcontinuousupgradesandnewmodelintroductions,aswellasreducedvehicleprices,drivingtheannualEVpenetrationratetoexceed40%.Incontrast,EuropeandtheUnitedStatessawnewenergyvehiclesalesof2.89millionand
1.573millionunitsrespectivelyin2024,withyear-on-yeargrowthratesof-2.0%and7.2%.
Drivenbytherobustdevelopmentofthenewenergyvehiclemarket,thepowerbatterymarketalsoexhibitsastablegrowthtrend.In2024,drivenbythestrongperformanceoftheChinesemarket,globalpowerbatteryinstallationsalsoincreased.AccordingtoSNERdataforecasts,thetotalglobalinstallationcapacityofpowerbatterieswasexpectedtoreach894.4GWhin2024,ayear-on-yearincreaseof27.2%.Whenthetimeframeisextendedfrom2017to2024,thepowerbatteryinstallationcapacityhassurgedsignificantly,withtheglobaltotalin2017beingjust59GWh,andthecompoundannualgrowthrateduringthisperiodreachingashighas47.99%.Overall,asakeyfoundationalmaterialindustryforthedevelopmentofnewenergyvehiclesandothersectors,thelithiumbatteryindustryisshowingstrongandlong-termgrowthtrendsagainstthebackdropofthecontinuouspositivedevelopmentoftheglobalnewenergyvehicleindustryandrelevantpolicycatalysts.Thisiscloselylinkedtothedevelopmentprospectsofthelithium-ionbatterycathodematerialfieldthattheCompanyfocuseson,which,asanimportantpartofstrategicemergingindustries,playsanindispensableroleinthedevelopmentofnew
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryenergy,newmaterials,newenergyvehicles,andenergystoragesectors.
(2)FundamentalCharacteristicsIn2024,themainstreamcathodematerialsintheglobalpowerbatterysectorareternaryandlithiumironphosphate.AccordingtothestatisticsfromICCSINO,globalternarymaterialproductionreached953,000tons,down1.6%year-on-year.Thetotalproductionoflithiumironphosphatereached2.38milliontons,up50.2%year-on-year.DespitetheslowdowninnewenergyvehiclesalesgrowthinEuropeanandAmericanmarketsaffectingtheternarymaterialmarket'sperformancein2024,theglobalmarketshareofChinesecompaniesincreasedfrom61.3%in2023to64.4%in2024,withasharpdeclineinshipmentsfrommainstreamJapaneseandKoreancathodematerialmanufacturers.InoverseasmarketsoutsideofChina,ternarymaterialsstilloccupyabout90%ofthemarketshare.Globally,thetrendtowardshigh-nickelizationcontinuestoadvancesynchronously.In2024,globalproductionofhigh-nickelternarymaterialsreached530,000tons,ayear-on-yearincreaseof3.3%.Thisisstronglycorrelatedwiththemainstreamautomakers'positioningofternaryproductstowardsthemid-to-high-endsegment.Withthelarge-scaleinstallationonvehiclesof4680largecylindricalbatteries,theacceleratedindustrializationofsolid-statebatteries,andtherapiddevelopmentofemergingmarketssuchashumanoidrobotsandlow-altitudeeconomy,newsupportpointswillbeprovidedforthefuturemarketdemandofhigh-nickelternarymaterials.Additionally,previouslyhighlithiumsaltpriceswereasignificantfactoraffectingthecostandpricingofternarymaterials.However,aslithiumsaltpricesfallto70,000-80,000yuan/tonin2024,thecostgapbetweenternarybatteriesandlithiumironphosphatebatteriesisfurthernarrowing,whichisfavorableforternarybatteriestofurtherexpandtheirmarketspace.
(3)MajortechnicalbarriersThehigh-nickelternarycathodematerialindustryfacessignificanttechnicalbarriers,mainlyinthreeaspects:developmenttechnologybarriers,productiontechnologybarriers,andqualitycertificationbarriers.ThehighR&Dtechnologicalbarriersarereflectedinthefactthatdevelopinghigh-nickelternarycathodematerialsrequirestechnicalmodificationssuchasdopingandcoating,butalsocalcinationinanoxygenatmosphere.Thisplaceshighdemandsonacompany'sproductionlinedesign,personalizedproductdevelopment,andtechnicalservicecapabilities.Italsoimposesstrictrequirementsforhumiditycontrolintheproductionenvironment,aswellascorrosionresistanceandautomationlevelsofequipment.Moreover,high-nickelternarycathodematerialsareoneofthemostcrucialrawmaterialsinpowerbatteries,significantlyimpactingvariouscoreperformanceandsafetyaspectsofpowerbatteries.Fromtheperspectiveofensuringproductstabilityandsafety,automakersandpowerbatterycompanieshavemorecomplexcertificationtestingproceduresforproducts.Thesenotonlyrequirelong-termproductperformancetestingbutalsoinvolvedetailedassessmentsofthecomprehensivesupplycapabilities,automatedproductionmanagementlevels,low-costandqualitystabilityandconsistencyundermassproductionofmanufacturers.Theoverallcertificationcyclecan
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryexceed1.5years.Lithiummanganeseironphosphatecathodematerialisanupgradedproductoflithiumironphosphate.Intermsofproductperformance,byadjustingtheproportionofmanganese,lithiummanganeseironphosphateoffershighervoltageandenergydensitycomparedtolithiumironphosphatebatteries.Aslithiumironphosphateprogressestothefourthgeneration,thecapacityandcompactionissuesoflithiummanganeseironphosphateurgentlyneedimprovementtofullyleverageitscapacityadvantages.Fromtheperspectiveofblendingeffects,therearesignificanttechnicalbarriersinensuringthatdifferentternarymaterialscanmaximizetheroleoflithiummanganeseironphosphate.AccordingtoanalysisofGaogongIndustrialInstitute(GGII),thebalancedimprovementincostandperformanceoflithiummanganeseironphosphateismoreaboutprovidingmoredifferentiatedproductsforlithiumbatteryend-usescenarios.Inrecentyears,inadditiontotheEVmarket,sectorssuchasenergystorage,humanoidrobots,aviation,andcommercialvehicleshavebecomenewgrowthpoints,alsodemandingmorecompatiblelithiumbatteryproducts.Lithiummanganeseironphosphateproductswillbenefitfromthisdevelopmentprocess.TheCompany'sEVproductsarebeingvalidatedinmultiplehigh-endvehiclemodels,withvolumeexpectedtograduallyincreasefrom2025;simultaneously,low-cost,high-performancesecond-generationproductshavebrokenthroughtechnicalbottlenecks,achievinglongcyclelifewhilefurtherreducingcosts,meetingpowerbatterypureapplicationrequirements.Theyhavealreadysecuredcommercialvehicledesignationfrommarketleaders,potentiallybecomingthelowestwatt-hourcostmaterialinthecathodefieldafterscalingup.
2.3.2AnalysisoftheCompany'sindustrypositionanditschanges
In2024,intheternarymaterialsegment,theCompany'sannualsalesvolumereached120,000tons,achievingacounter-trendgrowthofover20%.TheCompany'sglobalmarketshareinternarymaterialsexceeded12%,afurtherincreaseof2percentagepointsfrom2023,maintainingitsgloballeadershipforfourconsecutiveyears.Withthelarge-scaleinstallationonvehiclesof4680largecylindricalbatteries,theacceleratedindustrializationofsolid-statebatteries,andtherapiddevelopmentofemergingmarketssuchashumanoidrobotsandlow-altitudeeconomy,newsupportpointswillbeprovidedforthefuturemarketdemandofhigh-nickelternarymaterials.
Asaleaderinhigh-nickelternarymaterials,theCompanyhasseenasignificantincreaseinshipmentproportionofhigh-nickelandultra-high-nickelproductsduetothegradualvehicleinstallationofhigh-energydensitybatteriessuchaslargecylindricalbatteriesandsolid-statebatteries.Cumulativesalesof27,000tonsof9-seriesultra-high-nickelproductshaveachievedanewbreakthrough,significantlystrengtheningtheCompany'scompetitiveadvantagesandprofitabilityinthehigh-nickelfield.Additionally,in2024,theCompany'slithiummanganeseironmaterialsalesdoubled.Basedonthe
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryoriginalsmallpowermarket,withthedevelopmentofcommercialvehiclemarketssuchaselectrictrucks,lithiummanganeseironproductshavealsoseenasignificantincreaseinsalesinthelargepowersector.Inthesodium-ionfield,theCompany'slayeredoxideandpolyanionicproductsareattheindustry-leadinglevelintermsofcomprehensiveindicatorssuchasperformance,processstability,andcostcontrol,securingkeypositionswithtopcustomersathomeandabroad.Theproductionlinehaspassedcustomerauditsandcertificationsandisexpectedtoachievelarge-scalemassproductionanddeliveryin2025.Duringthereportingperiod,theCompanyacceleratedtheadvancementofitsglobalizationstrategyandachievedsignificantresults.TheCompanyhasestablishedcooperativerelationshipswithfiveoftheworld'stopsixmostvaluablebatteryandelectricvehiclecustomers,withcumulativeoverseascustomersalesexceeding20,000tons.Meanwhile,asoverseascustomersfavorhigh-nickelandultra-high-nickelmaterialsintheirproductstructures,withtheCompany'sinternationalcustomerdevelopmentmakingpositiveprogress,theCompany's9-seriesultra-high-nickelproductshavealsoachievedabreakthrough.GiventheCompany'smid-nickelhigh-voltageseriesproductsgainingrecognitionfromtopcustomersinthemarket,thiswillfurtheroptimizetheCompany'sproductstructure,providinganewgrowthdriverforthestableincreaseinternarymaterialsales.In2024,theCompany'soverseaslayoutyieldedfruitfulresults.TheCompany'sphase-Ibase,witha20,000-tonannualproductioncapacityattheKoreanfactory,passedtheinternationalcustomercertificationaudit.Withcontinuouslyincreasingcapacity,itachievedfullproductioninasinglemonthduringthefourthquarterandturnedprofitableforthefirsttime.Tomeetinternationalcustomerneeds,thephase-II40,000-ton/yearproductionlinewillfurtherimprovelineefficiencyandmanufacturinglevels,anditisexpectedtostartpilotproductioninthefirsthalfof2025.Aftercommissioning,thisproductionline,togetherwiththephase-Iproject,willcreateascaleeffect,furtherhelpingtheCompanyenhanceitsprofitability.Duringthereportingperiod,theCompanycompletedtheacquisitionofthePolandprojectatlowcostandbeganfeasibilitystudiesforthephase-I20,000-tonproject,gainingafirst-moveradvantageintheEuropeancathodecapacitylayout.Duringthesameperiod,theCompanycompletedtheregistrationofitsNorthAmericansubsidiary,madesteadyprogressinfactorysiteselectionandcapitaloperationsintheNorthAmericanregion,andestablishedstablecooperativerelationshipswithinternationalcustomers.Onthisbasis,theCompanyactivelypromotesinspectionsandsiteselectioninotherglobalregions,furthersolidifyingitsleadingadvantageinglobalization.
In2025,withthehigh-nickelizationofternarymaterials,theindustrializationoflithiummanganeseironphosphate,themassproductionofmid-nickelhigh-voltageseries,andtheacceleratedvolumegrowthofEuropean,American,Japanese,andSouthKoreancustomers,theCompanyexpectsitssalestocontinuegrowing.Theproductandcustomerstructureisexpectedtocontinueoptimizing.Whilebecomingacomprehensivesupplierofcathodematerialscoveringtheentiremarket,theCompanyiscommittedtobecomingaproviderofoverallsolutionsinthecathodematerialindustry,fullyleveragingitsfirst-moveradvantageintheglobalnewenergyindustrychain,optimizingproductsalesstrategies,
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarystrengtheningjointresearchanddevelopmentwithcustomers,deepeningexistinginternationalmarkets,andexploringemergingmarkets.TheCompanycontinuouslyinnovatestechnology,refinesitsindustrialchainlayout,collaborateswithupstreamanddownstreampartners,andstrivestowardsthegoalofbecomingagloballeaderinthenewenergyindustry.
2.3.3Developmentstatusandfuturetrendsofnewtechnologies,newindustries,newbusinesspatterns,andnewmodelsduringthereportingperiodDuringthereportingperiod,theperformancerequirementsforpowerbatteriesandenergystoragebatteriescontinuedtoincrease.Meanwhile,withthecontinuousgrowthofthenewenergyvehiclemarket,moreattentionwasdirectedtotherecyclingindustry.Thefollowingisthedevelopmentstatusandfuturetrendsofnewtechnologiesandnewbusinesspatternsduringthereportingperiod:
(1)Semi-/All-solid-statebatterytechnologyroutesDuetotheuseofsolidelectrolytes,all-solid-statelithiumbatteries,whencomparedtoconventionallithiumbatteries,offerhighersafety,increasedenergydensity,andimprovedtemperatureadaptability.Therearethreemainstreamtechnologyroutes:polymersolid-statebatteries,oxidesolid-statebatteries,andsulfidesolid-statebatteries.Mostgloballeadingbatterymanufacturersandautomakersconsiderthesulfiderouteastheultimatemassproductionrouteforall-solid-statebatteries.Thisisbecausesulfideelectrolytematerialspossessextremelyhighintrinsicionicconductivity,demonstratingabroaderrangeofapplicationscenariosinthefieldofall-solid-statebatteries.OuyangMinggao,AcademicianoftheChineseAcademyofSciencesandProfessoratTsinghuaUniversity,statedthatthecurrenttechnicalrouteforall-solid-statebatteriesshouldfocusonusingsulfidesasthemainelectrolytes,matchedwithhigh-nickelternarycathodesandsilicon-carbonanodes.Theperformancetargetsaretoachieveaspecificenergyof400watt-hoursperkilogramandacyclelifeofover1,000cycles,ensuringsmall-scaleinstallationoncarsby2027andmassproductionby2030.
WhilecontinuousR&Dtrialsareconductedonall-solid-statebatteries,semi-solid-statebatterieshavebecomeatransitionaltechnologysolutionchosenbythemarket.Semi-solid-statebatteriesuseasolid-liquidhybridelectrolyte,withtheelectrolytecontentaccountingfor5%-10%.Byoptimizingtheproportionofliquidelectrolyteandincreasingthecontentofsolidelectrolyte,theyachieveabalancebetweensafety,energydensity,andcost-effectiveness,makingthemanidealtransitionalsolutionfromliquidtoall-solid-statebatteries.
AccordingtotheChinaInorganicSaltsIndustryAssociation,duetotheneedsforcostreductionandenergydensityimprovement,high-nickelternaryandlithium-richmanganese-basedcathodematerialswillbecomethemainresearchdirectionsforfuturesolid-statebatterycathodematerials.Asacomprehensivesupplierofcathodematerialscoveringtheentiremarket,theCompany'sR&Dtechnologyforhigh-nickelandultra-high-nickelmulti-productsequencesisindustry-leadingandcanbeappliedtosolid-statebatterysystems.Itsperformanceindicatorsareattheleadinglevelintheindustry,
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarygainingwidespreadcustomerrecognition.TheCompanyconsistentlyinvestsinthefieldofsolid-statebatteries,achievingpositiveprogressinthedevelopmentofnewproducts.Whilemaintainingstableshipmentsofultra-high-nickelternarycathodesforsemi-solid-statebatteries,theCompanyiscollaboratingwithdownstreamcustomersonprojectstocontinuouslydevelopnext-generationcathodematerialsandoxidesolidelectrolytematerialsforhigherenergydensitysemi-solid-statebatteries.Inadditiontothesemi-solid-statedirection,theCompany'sinvestmentintheall-solid-statedirectionisevengreater,includingthesimultaneousdevelopmentofcathodematerialsandelectrolytematerialsforall-solid-statebatteriesandkeyrawmaterialsforelectrolytes.Amongthese,ultra-high-nickelternarycathodematerialsandsulfideelectrolytematerialsforall-solid-statebatterieshavebeencertifiedbymultipledomesticandinternationalcustomers.Thecapacityandcycleperformanceoftheall-solid-statebatterycathodematerialsremainleading,andthesulfideelectrolyteexhibitsexcellentionicconductivityandairstability.TheCompanyhasbegunpreparingall-solid-statesoft-packbatterieswithAh-levelcapacitydensity,demonstratingoutstandingenergydensityperformance.
(2)MassproductionandinstallationoflargecylindricalbatteriesinvehiclesLargecylindricalbatteries,whichofferadvantagessuchashighenergydensity,lowcost,increasedsafety,andlonglife,haveenteredthecapacityexpansionphase.Thecombinationoflargecylindricalcellswithhigh-nickelternarymaterialscanfullyleveragethesynergisticadvantagesofbothhighenergydensityandgoodthermalstability.Currently,largecylindricalbatteriesmainlyuseNCM811andultra-high-nickelNi90cathodematerials.Inthefuture,replacingNCM811withultra-high-nickelNi90canfurtherachievecostreductionandefficiencyimprovement.
AccordingtotheGGII's2024ChinaLargeCylindricalLithiumBatteryIndustryDevelopmentBlueBook,largecylindricalbatteriesareinhighdemandintheenergystoragefield,especiallyinscenarioslikeportableenergystorageandhouseholdenergystoragewherehigherbatteryraterequirementsareneeded.Theshipmentgrowthrateinthesetwoareasisexpectedtoexceed100%in2024,anditisprojectedthatby2030,theshipmentvolumewillreach100GWh.Facingthedifferentiatedrequirementsofpowerlargecylindricalbatteries,theindustrystillneedstimetofurtheraddressissuessuchasthehigh-nickelcathode+silicon-dopedanodematerialsystem,dryelectrodeprocess,andsteelshellcylindricalwelding.Lookingaheadto2025,internationalautomakerslikeTeslaandBMWareacceleratingthelaunchofmodelsequippedwithlargecylindricalbatteries,drivingleadingbatterycompaniestoreleasetheir46-serieslargecylindricalreservecapacity.ConsideringthelargecylindricalcapacityplansofcompanieslikeCATL,EVEEnergy,LGEnergySolution,SamsungSDI,GotionHigh-Tech,andBAKPower,eachbatterycompanyisexpectedtoachieve10GWh-levelmassproductionoflargecylindricalbatteriesin2025.Thefirsthalfof2025isanticipatedtobeakeymilestonefortheglobalreleaseofpowerlargecylindricalbatterycapacityplans,withfurtherexpansionexpectedin2026.Asaleadingproducerofcathodematerialsthathasfirstachievedmassproductionofhigh-nickelandultra-high-nickelseriesproductsandappliedtheminmajorinternationalterminal
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryautomakers,theCompanywillgainextensivemarketopportunities.
(3)Applicationoflithiummanganeseironphosphate(LMFP)invehiclesLithiummanganeseironphosphateisanewtypeofphosphatelithium-ionbatterycathodematerialformedbydopingacertainproportionofmanganeseintolithiumironphosphate.Itisthenext-generationupgradeproductoflithiumironphosphate,offeringhigherenergydensity,lowercost,andbetterlow-temperatureperformance.AccordingtoGGIIdata,under-20°Cconditions,theenergydensityoflithiummanganeseironphosphatecantheoreticallybe10%-20%higherthanthatoflithiumironphosphate,andunder-20°Cconditions,itisabout25%betterthanlithiumironphosphate.In2023,theblendedapplicationoflithiummanganeseironphosphateandternarymaterialshasbeenimplementedinterminalmodels.In2024,themarketdemandforlithiummanganeseironphosphateisgraduallybecomingclear.Intermsofpureapplication,lithiummanganeseironphosphate,withitsvolumeenergydensityadvantageof450Wh/L(a12.5%increaseoverlithiumironphosphate),hasachievedphasedprogressinterminalautomakersandhasbegunmassproduction.Regardingblending,lithiummanganeseironphosphatefirstobtaineddesignationcertificationincommerciallighttruckmodels.Leveragingitssignificantwatt-hourcostadvantage,ithasbeensuccessfullyappliedin100~130kWhhigh-capacitybatterypacks,achievingdeliveryformultiplevehiclemodelswithintheyear.Althoughthecurrentmarketsizeoflithiummanganeseironphosphateissmall,industryattentioncontinuestorise.AccordingtothestatisticsfromICCSINO,bytheendof2024,thedomesticallyconstructedcapacityoflithiummanganeseironphosphatehasexceeded1milliontons.
In2022,theCompanyachievedmassproductionoflithiummanganeseironphosphatethroughtheacquisitionofTianjinSkylandTechnologyCo.,Ltd.(nowrenamedTianjinRonbaySkylandTechnologyCo.,Ltd.),maintainingtheindustry’snumberonepositioninshipments.In2024,theCompany'slithiummanganeseironphosphateproductshipmentsgrewbymorethan100%year-on-year,anditisexpectedtocontinuetomaintainthehighestmarketshareintheindustry.Basedontheoriginalsmallpowermarket,withthedevelopmentofcommercialvehiclemarketssuchaselectrictrucks,lithiummanganeseironproductshavealsoseenasignificantincreaseinsalesinthelargepowersector.TheCompany'slithiummanganeseironproductsholdtheprimarysupplierstatusamongmultiplecustomersandhavesecuredordersfornearlytenthousandvehiclesfromleadingpowerbatteryenterprises.
3.CoreTechnologyandR&DProgress
3.1Coretechnologyanditsadvancement,aswellaschangesduringthereportingperiod
Sinceitsestablishmentin2014,theCompanyhasbeendeeplyinvolvedintheR&Dandmanufacturingoflithium/sodium-ionbatterycathodematerialsandprecursors.Leveragingitsoutstandingcapabilitiesintechnologicalinnovationandindustrialmergersandacquisitions,theCompanyhassuccessfullysecuredmultipleindustry-leadingcoretechnologies.
Duringthereportingperiod,theCompanyactivelyfocusedontechnologicallayoutsintheforefront
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryoflithium/sodiumbatterymaterials.Themaincoretechnologiescoverlithium/sodium-ioncathodematerials,precursors,resourcerecycling,andsolid-statebattery-relatedmaterials,includingcathodematerialatmospheresinteringtechnology,precursorco-precipitationtechnology,NiCoMnmetalrecyclingtechnology,andproductiontechnologiesforultra-high-nickel(Nimol%≥90)cathodematerials,sodium-ionlayeredoxidecathodematerials,sodiumpolyanioniccathodematerials,lithiummanganeseironphosphatecathodematerials,andhigh-voltagesingle-crystalmaterials.TheCompanyiscontinuouslyimprovingpreparationtechnologiesfordifferenttypesofsolid-stateelectrolytes,high-voltagenickel-manganese,lithium-richmanganese,andlithiumsupplementationagents.TheCompanyiscommittedtothecultivation,development,transformation,andindustrializationofcoretechnologies.Thenext-generationultra-high-nickelproducts,sodium-ionlayeredoxideandpolyanioniccathodematerials,andsecond-generationlithiummanganeseironphosphatehaveallachievedlarge-scalestablepreparation,withsmall-batchsuppliestodomesticandinternationalcustomersinfieldsincludingpowerbatteries,energystoragebatteries,high-powerbatteries,semi-solid-statebatteries,and3C.
| NameofCoreTechnology | SourceofTechnology | ApplicationinMainBusinessandProducts |
| PrecursorCo-PrecipitationTechnology | IndependentR&D | Thistechnologyachievesuniformco-precipitationofvariouselementsinprecursorsanddirectionalcrystalgrowth,enhancingthecyclelifeandsafetyperformanceofcorrespondingcathodematerials.Duringthereportingperiod,thistechnologyhasbeenwidelyappliedintheproductionoftheCompany'shigh-nickelNCM811series,NCAseries,andultra-high-nickelseriesprecursorproducts. |
| CathodeMaterialDopingTechnology | IndependentR&D | Thistechnologyhasimprovedthestructuralstabilityofternarycathodematerials,effectivelyreducingstructuraldegradationduringtherecyclingprocess,andsignificantlyenhancingthehigh-temperaturecyclelifeofternarymaterials.Duringthereportingperiod,thistechnologyhasbeenwidelyappliedintheproductionoftheCompany'smid-nickelhigh-voltageproducts,aswellasNCM811series,NCAseries,andNi90andaboveultra-high-nickelseriescathodeproducts. |
| CathodeMaterialAtmosphereSinteringTechnology | IndependentR&D | ThistechnologyhasreducedtheLi/Nimixingdegreeinthecrystalstructureofternarycathodematerials,therebyenhancingthematerial'sstructuralstabilityandcyclelife.Duringthereportingperiod,thistechnologyhasbeenwidelyappliedintheproductionoftheCompany'smid-nickelseries,NCM811series,NCAhigh-nickelseries,andNi90andaboveultra-high-nickelseriescathodeproducts. |
| CathodeMaterialSurfaceTreatmentTechnology | IndependentR&D | Thistechnologyhasreducedtheresiduallithiuminternarycathodematerials,enhancingthematerial'ssurfacestability,electrodeprocessingperformance,andcyclelife.Duringthereportingperiod,thistechnologyhasbeenwidelyappliedintheproductionofthe |
| Company'smid-nickelseries,NCM811series,NCAhigh-nickelseries,andNi90andaboveultra-high-nickelseriescathodeproducts. | ||
| High-VoltageSingle-CrystalMaterialProductionTechnology | IndependentR&D | Thistechnology,bycontrollingtheparticlegrowthofmaterials,optimizingmorphologyandcrystalstructure,hasenhancedtheperformanceofternarycathodematerialsunderhigh-voltagesystems,significantlyimprovingcapacity,cyclelife,andstoragecharacteristics.Duringthereportingperiod,thistechnologyhasbeenappliedtotheCompany'smid-nickelhigh-voltageproductproduction. |
| NiCoMnMetalRecyclingTechnology | IndependentR&D | Thistechnologyusesaninorganicaciddissolution-purificationco-precipitationmethodtorecovernickel,cobalt,andmanganeseelementsfromcathodematerials,eliminatingtheneedforextractionprocesses,resultinginashortprocessflow,minimalenvironmentalpollution,andlowproductioncosts.Duringthereportingperiod,thistechnologyhasbeenputintoproductionattheCompany'sKoreanfactory;meanwhile,theCompanyhassuccessfullyappliedfortheNingbo2025MajorProject"LithiumBatteryCascadeUtilizationandRecyclingTechnology"andisfullyoptimizingthisrecyclingtechnology. |
| Li2CO3recyclingtechnology | IndependentR&D | Duringthereportingperiod,thistechnologyhasbeenappliedinmassproductionintheSouthKoreanfactory.Ithassuccessfullybeendeclaredasamajorprojectunder"Ningbo2025"–LithiumBatteryCascadeUtilizationandRecyclingTechnology.TheCompanyisfullycommittedtobuildinganewgenerationofresourcerecyclingpilotproductionlinesandstrivestorealizethecommissioningofnew-generationresourcerecyclinglinesindomesticproductionbasesassoonaspossible. |
| Ultra-high-nickelCathodeMaterialProductionTechnology | IndependentR&D | Thistechnologyenhancesthethermalstability,cyclelife,andsafetyperformanceofNi90andaboveultra-high-nickelternarycathodematerials.Byincreasingthecompactiondensity,itfurtherimprovesthebatteryenergydensityandreducescosts.Duringthereportingperiod,thistechnologyhasbeenwidelyappliedintheproductionoftheCompany'sNi90andaboveultra-high-nickelproducts. |
| High-NickelNon-WashingTechnology | IndependentR&D | Thistechnologyoptimizesproductionandpreparationprocessesandequipmentsolutions,adoptsanewtypeofsingle-crystalproducttechnology,controlsthealkalinityofthecathodematerialsurface,andeliminatesthewashingprocessforhigh-nickelsinglecrystals,therebyimprovingthecomprehensiveperformanceoftheproductandreducingproductioncosts. |
| Sodium-IonLayeredOxideCathode | IndependentR&D | Thistechnologyenhancesthecapacity,cycle,andairstabilityofsodium-ionlayeredoxidecathodematerials,suppressesgasgenerationbehaviorwithinthebattery,andfurtherimprovesbattery |
| MaterialProductionTechnology | energydensitybyoptimizingmorphologyandincreasingcompactiondensity.Duringthereportingperiod,thistechnologyhasbeenappliedtotheproductionoftheCompany'ssodium-ionlayeredoxidecathodematerials. | |
| Sodium-IonPolyanionicCathodeMaterialProductionTechnology | IndependentR&D | Thistechnologyenhancesthecompaction,capacity,rate,cycle,andairstabilityofsodium-ionpolyanioniccathodematerials.Byoptimizingmorphology,increasingcompactiondensity,andfinelycontrollingparticlesize,itimprovesbatteryenergydensitywhileoptimizingprocessingperformance,enhancinglow-temperatureandcycleperformance.Duringthereportingperiod,thistechnologyhasbeenappliedtotheproductionoftheCompany'ssodium-ionpolyanioniccathodematerials. |
| LithiumManganeseIronPhosphateCathodeMaterialProductionTechnology | IndependentR&D | Thistechnologyimprovestheelectronicconductivityoflithiummanganeseironphosphatematerials,andenhancesthediffusionrateoflithiumionsinthematerial.Throughiondoping,carboncoating,andnanotechnology,itachievesimprovementsincapacity,cyclerate,andlow-temperatureperformanceoflithiummanganeseironphosphatematerials,enablingpowercathodematerialstoopenupathirdroutebetweenlithiumironphosphateandnickel-cobalt-manganeseternarymaterials.Duringthereportingperiod,thistechnologyhasbeenappliedinthemassproductionoflithiummanganeseironphosphatematerialsbySkylandCompany. |
3.2R&DAchievementsObtainedDuringtheReportingPeriod
Duringthereportingperiod,theCompanyfiled245patentapplicationsandobtained150patentauthorizations.TheCompany'stotalcumulativepatentapplicationshavereached1,206,withatotalof597patentsgrantedbothdomesticallyandinternationally.TheCompany'spatentportfolioincludeslow-nickel,mid-nickel,high-nickel,andultra-high-nickelternarycathodematerials,aswellaslithiummanganeseironphosphateandsodium-ioncathodematerials,precursors,andotherkeyproducts.Italsoencompassescutting-edgeproductssuchassolid-statebatterymaterials,spinelnickel-manganeseoxidecathodes,andlithium-richmanganese-basedcathodes,spanningtheentireindustrychainfromupstreamengineeringequipment,testing,recycling,todownstreamelectrodesheets,andbatteries.InMarch2024,theCompanyobtainedLevel3certificationoftheISO56005intellectualpropertysystem,becomingthefirstenterpriseintheindustrytoreceivethiscertification.TheCompanywillalignwithitsglobaldevelopmentstrategybyimplementingcomprehensiveprotectionforintellectualpropertygeneratedduringtheinnovationprocess,mitigatingandresolvingintellectualpropertyrisks,safeguardingitsownintellectualproperty,respectingothers'intellectualproperty,andbecomingaglobalenterprisethatmeetsinternationalstandards.
Duringthereportingperiod,theCompanyadded150authorizedpatents.Amongthem,59aredomesticinventionpatents,and91aredomesticutilitymodelpatents,withdetailsasfollows:
| SerialNumber | Publication(Announcement)Number/ApplicationNumber | Title | PatentType | LegalStatus |
| 1 | 202011644054.3 | Amethodforpreparingnano-solidelectrolytepowdermaterials | Invention | Granted |
| 2 | 202110949205.4 | NCMAprecursormaterial,preparationmethod,andNCMAcathodematerial | Invention | Granted |
| 3 | 202111175981.X | Apolyhedralcompositephaseprecursoranditspreparationmethodandlithium-richcathodematerial | Invention | Granted |
| 4 | 202111612180.5 | Asurface-modifiedhigh-nickelternarycathodematerialanditsdrypreparationprocess | Invention | Granted |
| 5 | 202111645270.4 | Synthesismethod,device,electronicequipment,andstoragemediumforcathodematerialprecursor | Invention | Granted |
| 6 | 202210009295.3 | Soft-packcellhousingandsoft-packcell | Invention | Granted |
| 7 | 202210191368.5 | Ahigh-nickellithium-ionbatterycathodematerialwiththermalsafetyanditspreparationmethod | Invention | Granted |
| 8 | 202210216759.8 | Ahigh-voltagenickel-manganesematerialwithhighsingle-crystaldispersionanditspreparationmethodandapplication | Invention | Granted |
| 9 | 202210246513.5 | Aternarycompositematerialforall-solid-statebatteries,itspreparationmethod,andapplication | Invention | Granted |
| 10 | 202210262675.8 | Ahigh-nickelmulti-elementcathodematerial,itspreparationmethod,andapplication | Invention | Granted |
| 11 | 202210277545.1 | Ahigh-nickelternarycathodematerial,itspreparationmethod,andapplication | Invention | Granted |
| 12 | 202210359720.1 | Nickel-cobalt-manganeseternaryprecursoranditspreparationmethod,nickel-cobalt-manganesecathodematerialanditspreparationmethod,andlithium-ionbattery | Invention | Granted |
| 13 | 202210459908.3 | Coatedmodifiedhigh-nickelternarycathodematerial,itspreparationmethod,andlithium-ionbattery | Invention | Granted |
| 14 | 202210512168.5 | Alithiumnickelmanganeseoxidecathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 15 | 202210673589.6 | Aternarycathodematerialanditspreparationmethod | Invention | Granted |
| 16 | 202210723077.6 | Along-lifecathodematerial,itspreparationmethod,andlithium-ionbattery | Invention | Granted |
| 17 | 202210779706.7 | Anickel-cobalt-aluminumcathodematerialprecursoranditspreparationmethod | Invention | Granted |
| 18 | 202210871328.5 | Acathodeactivematerial,cathodeslurry,cathodesheet,andsecondarybattery | Invention | Granted |
| 19 | 202210912244.1 | Alow-costhigh-nickelternarycathodematerialanditspreparationmethod | Invention | Granted |
| 20 | 202211051947.6 | Alithiumcirculationsystemandpreparationmethodforcathodematerialprecursor | Invention | Granted |
| 21 | 202211144581.7 | Asmall-particlenickel-cobalt-manganeseternaryprecursorwithnarrowparticlesizedistributionanditspreparationmethod | Invention | Granted |
| 22 | 202211234588.8 | Alithiummetaloxideprecursoranditspreparationmethodandapplication | Invention | Granted |
| 23 | 202211268050.9 | Acathodeprecursormaterialanditspreparationmethodandapplication | Invention | Granted |
| 24 | 202211318671.3 | Acompositeprecursoranditspreparationmethod,cathodematerialanditspreparationmethod | Invention | Granted |
| 25 | 202211438449.7 | Alithiummetaloxideprecursor,itspreparationmethod,andlithiumbatterycathodematerial | Invention | Granted |
| 26 | 202310345963.4 | Acathodematerialprecursoranditspreparationmethodandapplication | Invention | Granted |
| 27 | 202310353801.5 | Broaddistributioncobalt-freelithium-richmanganese-basedprecursoranditspreparationmethod | Invention | Granted |
| 28 | 202310825219.4 | Cathodeactivematerialanditspreparationmethod,cathodesheet,andsodium-ionbattery | Invention | Granted |
| 29 | 202310942864.4 | Acathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 30 | 202310948628.3 | Acathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 31 | 202310995711.6 | Amethodforcyclicorganicreductionsolventsubcriticallithiumreplenishmentrepairofphosphatecathodematerials | Invention | Granted |
| 32 | 202311199268.8 | Ammoniummanganeseironphosphate,lithiummanganeseironphosphate,andtheirpreparationmethodsandapplications | Invention | Granted |
| 33 | 202311296382.2 | Cathodeactivematerialanditspreparationmethod,cathodeelectrode,battery,andelectricaldevice | Invention | Granted |
| 34 | 202311329049.7 | Acathodematerialanditspreparationmethodandlithium-ionbattery | Invention | Granted |
| 35 | 202311329052.9 | Aternaryprecursoranditspreparationmethodandcathodematerial | Invention | Granted |
| 36 | 202311329054.8 | Acathodematerialanditspreparationmethodandlithium-ionbattery | Invention | Granted |
| 37 | 202311329051.4 | Aternarycathodematerialanditspreparationmethodandlithium-ionbattery | Invention | Granted |
| 38 | 202311390637.1 | Sodium-ionbatterycathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 39 | 202311574096.8 | High-nickelcathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 40 | 202311756250.3 | Oxideprecursoranditspreparationmethodandapplication | Invention | Granted |
| 41 | 202311775694.1 | Cathodeactivematerialanditspreparationmethodandapplication | Invention | Granted |
| 42 | 202311785186.1 | Acathodematerialanditspreparationmethodandsodium-ionbattery | Invention | Granted |
| 43 | 202311785185.7 | Apolycrystallinecathodematerialanditspreparationmethodandlithium-ionbattery | Invention | Granted |
| 44 | 202311849186.3 | Sodium-ionlayeredcathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 45 | 202410023036.5 | High-nickelcathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 46 | 202410419648.6 | Copper-basedcarbonateprecursoranditspreparationmethod,cathodematerialandapplication | Invention | Granted |
| 47 | 202410420040.5 | Self-supportingelectrodeanditspreparationmethodandsodium-ionbattery | Invention | Granted |
| 48 | 202410645192.5 | Cathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 49 | 202410728882.7 | Dryelectrodefilmandmethodfordetectingthedegreeofbinderfibrillationtherein | Invention | Granted |
| 50 | 202410854158.9 | Sodium-ionbatterycathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 51 | 202410880091.6 | High-nickelcathodematerialanditspreparationmethodandapplication | Invention | Granted |
| 52 | 202410894673.X | Cathodematerialprecursoranditspreparationmethodandapplication | Invention | Granted |
| 53 | 202410880061.5 | Modifiedlithium-richmanganese-basedmaterial,itspreparationmethod,cathodematerial,cathodesheet,andbattery | Invention | Granted |
| 54 | 202410417501.3 | Asolid-stateelectrolytefilm,itspreparationmethod,andlithium-ionbattery | Invention | Granted |
| 55 | 202410939416.3 | Asingle-crystalcathodematerialanditspreparationmethodandlithium-ionbattery | Invention | Granted |
| 56 | 202410600177.9 | Anefficientandenergy-savinginternalheatingtypeairflowsinteringcombinedkiln | Invention | Granted |
| 57 | 202311294059.1 | Alithiummanganeseironphosphatematerialanditspreparationmethod | Invention | Granted |
| 58 | 202311648461.5 | Acathodematerialanditspreparationmethod,cathodesheet,andbattery | Invention | Granted |
| 59 | 202311734179.9 | Acathodesheetanditsapplication | Invention | Granted |
Listofintellectualpropertyrightsobtainedduringthereportingperiod
| Newlyaddedthisyear | Cumulativequantity | |||
| Numberofapplications(patents) | Numberofgrants(patents) | Numberofapplications(patents) | Numberofgrants(patents) | |
| Inventionpatent | 137 | 59 | 629 | 162 |
| Utilitymodelpatent | 108 | 91 | 577 | 435 |
| Total | 245 | 150 | 1206 | 597 |
Note:Twoutilitymodelpatentsandoneinventionpatentwillexpirein2024
3.3Statusofongoingprojects
| SerialNo. | Projectname | Estimatedtotalinvestmentscale | Currentperiodinvestmentamount | Cumulativeinvestmentamount | Progressorinterimresults | Targettobeachieved | Technicallevel | Specificapplicationprospects |
| 1 | Ultra-high-nickelsingle-crystalcathodedevelopment | 2,950.00 | 33.51 | 1,920.86 | Massproductionstage | Todevelopahigh-nickel9-seriessingle-crystalmaterialwithhighenergydensityandexcellentcycleperformancetomeetcustomerrequirementsforproductperformance. | Product'sfull-celltestingat1/3Ccapacity≥220mAh/g,rapidproductiteration,matchingdifferentcustomerneeds,withmassproductionsupplyachievedforsomecustomers. | Mainlyusedinnewenergyvehicles,supplementedbydigitalproducts. |
| 2 | Ultra-high-nickelpolycrystallinecathodedevelopment | 6,409.00 | 948.17 | 3,767.40 | Massproductionstage | Todevelop9-serieshigh-nickelpolycrystallinematerialswithhigh-energydensity,excellentcycleperformancetomeetcustomers’requirementsonproductperformance. | Highproductcapacity;full-celltestingat1/3Ccapacity≥215mAh/g;demandsmetincycle,storage,andDCRgrowth;massproductionsupplyachievedformultiplecustomers. | Mainlyusedinnewenergyvehicles,supplementedbyelectrictools/drones. |
| 3 | Multi-elementhighenergydensityNCMAcathode | 2,970.00 | 210.58 | 2,642.91 | Productionlinedebuggingstage | Todevelopacathodematerialwithhighenergydensity,excellentcycleperformance,and | Product'sfull-celltestingat1/3Ccapacity≥208mAh/g,significantlyimprovedproductthermal | Mainlyusedinnewenergyvehicles,supplementedbyelectrictools/drones. |
| development | significantlyimprovedsafetycomparedtotheNCMsystem,meetingcustomerrequirementsforenergydensityandsafety. | stability,passingkeycustomerevaluations. | ||||||
| 4 | 6-seriescathodenewproductdevelopment | 9,259.00 | 1,650.75 | 2,531.17 | Productionlinedebuggingstage | Todevelopasingle-crystalcathodematerialwithhighcapacity,goodcycleperformance,increasedsafety,andfavorablecompactionperformance,atrelativelylowmanufacturingcost,inlinewithmarketexpectationsforenergydensity,safety,andlowcost. | Underhigh-voltagesystems,product0.33Cfullcapacitycanreach200mAh/g,passingmajorcustomertests,meetingrequirementsforhighvoltage,highcapacity,longcycle,andlowcost,withkeycustomersenteringtheproductionlinecertificationstage. | Mainlyusedinnewenergyvehicles,withcoverageofdigitalproducts/dronesandotherfields. |
| 5 | 9-seriespolycrystallinedevelopment | 2,125.00 | 749.37 | 810.45 | Massproductionstage | Todevelophigh-capacity,high-safety,low-internal-resistanceNCMcathodematerials,meetingcustomerrequirementsforproductperformance. | Product'sfull-celltestingat1/3Ccapacity≥210mAh/g;theproductfeatureshighcapacity,increasedthermalsafety,andlowinitialinternalresistance.Massproductionsupplyachieved. | Mainlyusedinnewenergyvehicles,supplementedbyelectrictools/drones. |
| 6 | Developmentofnewphosphatesystemproducts | 1,158.00 | 177.17 | 191.63 | Pilotstage | Topreparenewphosphatecathodeproductswithincreasedsafety,lowcost,andcomprehensiveenergydensityadvantages. | Product'sfull-celltestingat1/3Ccapacity≥160mAh/g,furtherbalancingmaterial-endsafety,cost,andcyclingcharacteristics.Withimprovedenergydensitycomparedtoconventionalphosphatematerials. | Mainlyusedinnewenergyvehicles,electrictwo-wheelers,etc. |
| 7 | Low-cost5-seriesdevelopment | 1,422.00 | 725.93 | 747.87 | Productionlinedebuggingstage | Todevelopcost-effective5-seriescathodeproducts. | Product'sfull-celltestingat0.5Cgramcapacity≥154mAh/g;lowcost,excellentrateperformance,comprehensiveperformancemeetingcustomerrequirements. | Mainlyusedin3Cdigitalproducts. |
| 8 | Developmentofsodium-ionlayeredoxidecathodematerials | 2,888.00 | 9.29 | 2,241.29 | Pilotproductionstage | Todeveloplow-costsodium-ionbatterylayeredoxidecathodematerialswithexcellentelectrochemicalperformance. | Thedevelopedsodium-ionlayeredcathodematerialshavereachedindustry-leadinglevelsinfull-celltestingforcapacity,cycling,andgasgenerationperformance,meetingtheneedsoflow-speednewenergyvehicles,electrictwo-wheelers,and | Appliedinnewenergyvehicles,smallpowerfieldswithbroadmarketprospects;withacertainblendingapplicationmarketintheenergystoragefield. |
| householdenergystorage.Innovationsinmassproductionprocess,significantbreakthroughsinproductstabilitycontrolandcostreduction. | ||||||||
| 9 | Developmentofsodium-ionpolyanioniccathodematerials | 3,016.74 | 971.80 | 1,077.55 | Pilotproductionstage | Todeveloppolyanioniccathodematerialsforsodium-ionbatterieswithlowcostandexcellentelectrochemicalperformance. | Sodium-ionpolyanioniccathodematerialsareatindustry-leadinglevelsincapacity,rate,andcycling.Itisexpectedtomeettherequirementsforenergystorageandlow-speedvehicleapplications. | Mainlyusedintheenergystoragefield. |
| 10 | Developmentoflow-cobalt,long-cycle,lithium-rich,manganese-basedcathodematerials | 875.00 | 205.48 | 840.55 | Productionlinedebuggingstage | Todeveloplithium-richcathodeswithsignificantcostadvantagesandenergydensityandlifespancomparabletomid-nickelhigh-voltageNi5-6series. | Varioustechnicalindicatorssuchascapacity,cycling,andpowerperformanceareatindustry-leadinglevels. | Mainlyusedinnewenergyvehicles,supplementedbydigitalproducts. |
| 11 | Developmentofhigh-voltagenickel-manganesecathodematerials | 918.00 | 97.99 | 593.43 | Pilotproductionstage | Todevelophigh-energydensity,low-costhigh-voltagespinelnickel-manganeselithiumcathodematerials | Thepreparedspinelnickel-manganeselithiumsingle-crystalmaterialshaveenergydensityclosetolow-nickel/mid-nickel | Mainlyusedinnewenergyvehicles,supplementedbyelectrictwo-wheelers, |
| toreplacelow-nickel/mid-nickelternaryandlithiumironphosphatecathodematerials. | ternarymaterials,withwatt-hourcostcomparabletolithiumironmaterials.Itfeatureslowcost,highcapacity,highstability,excellentlow-temperature/rateperformance,suitableforliquidandsolid-statesystems.Tocloselycooperatewithmultiplemainstreamdomesticandinternationalcellandcompletevehiclemanufacturers,withsampleperformanceconsistentlyleadinginmultipleclientapplications,possessingstrongcompetitiveadvantages. | electrictools,specialequipment,anddigitalproducts. | ||||||
| 12 | Developmentofall-solid-statebatterycathodematerials | 827.00 | 74.58 | 424.41 | Productionlinedebuggingstage | Todevelopall-solid-statebatterycathodematerialssuitableforsulfidesystems,meetinghighenergydensityandhighsafetyrequirements. | Thedevelopedall-solid-statecathodeexhibitsexcellentcompatibilitywithsolid-stateelectrolytesintermsofinterfacecontactandstability,achieving | Itisprimarilyappliedinhigh-energy-densityelectricvehicles,drones,andotherfields. |
| outstandingcapacity,initialefficiency,rateperformance,andcycleperformanceunderhighloadandhighcathoderatioconditions.Itiscollaborativelydevelopedwithmultipledomesticandinternationalcellandcompletevehiclemanufacturers,reachingindustry-leadinglevelsinperformanceandproductionscale. | ||||||||
| 13 | Developmentof9-seriespolycrystallineprecursors | 4,205.00 | 482.43 | 2,156.00 | Pilotproductionstage | Todevelophigh-capacityandexcellentcycleperformancehigh-nickelprecursors,improvinggasgeneration,internalresistance,andhigh-temperaturecyclingperformance. | Theprecursormaterialshavegoodsphericity,nocrackedspheres,correspondingtohighcapacityandgoodcyclingperformanceofthecathodeproducts. | Itismainlyusedinnewenergyvehicles. |
| 14 | Developmentofultra-high-nickelprecursors | 5,270.00 | 897.13 | 3,543.43 | Pilotstage | Todevelopultra-high-nickelprecursorswithhighcapacityandexcellentcycleperformance,improvinggas | Theproducthasgoodcrystallinity,dispersion,wideparticlesizedistribution,nocrackedspheres.Thefinalcathodematerialfeatureshigh | Mainlyusedinnewenergyvehicles,supplementedbydigitalproducts. |
| generation,internalresistance,andhigh-temperaturecyclingperformance. | capacityandexcellentcyclingperformance,suitableforuseinsoft-packcells. | |||||||
| 15 | Developmentofnext-generation8-seriesprecursors | 2,724.00 | 223.92 | 2,375.03 | Pilotstage | Todeveloplow-cost,high-capacity,high-safety,andlong-cycle-life8-seriesNCMprecursorproducts. | Theproducthasreasonableprimaryparticleandporedesign,goodsphericity,andnocrackedspheres,solvingcapacityandcycleissuesofthenext-generationhigh-nickelcathodematerials. | Mainlyusedinnewenergyvehicles,supplementedbydigitalproducts. |
| 16 | High-rateproductdevelopmentproject | 555.00 | 120.40 | 506.54 | Pilotstage | Todevelopmaterialswithhigh-rateperformance,whileensuringleadingcostcompetitiveness. | Therateperformanceisoptimizedbyimprovingmaterialconductivityandelementdoping,andthemostcost-effectivesolutionisverified. | Mainlyusedintwo-wheeledvehiclesandnewenergyvehicles. |
| 17 | Power-typeproductdevelopmentproject | 812.00 | 477.57 | 477.57 | Pilotstage | Toenhancethecyclingstabilityoftheproduct,develophigh-capacityandhigh-compactionmaterials,andimproveelectricalperformancelevels.Maintainindustry-leadinglevels. | ProcessimprovementsandrawmaterialoptimizationsarecarriedoutbasedonexistingproductstomeetEVcustomerrequirements. | Itismainlyusedinnewenergyvehicles. |
| Total | / | 48,383.74 | 8,056.07 | 26,848.09 | / | / | / | / |
4.DiscussionandAnalysisontheCompany'sFutureDevelopment
4.1IndustryLandscapeandTrendsAccordingtoGGII'sdata,China'slithiumbatteryshipmentsreached1175GWhin2024,ayear-on-yearincreaseof32.6%,withpower,energystorage,anddigitalbatteryshipmentsbeingover780GWh,335GWh,and55GWh,respectively,ayear-on-yearincreaseof23%,64%,and14%,respectively.ItisexpectedthatChina'slithiumbatteryshipmentswillexceed1400GWhin2025.ComparedtoChina'scurrentnearly50%penetrationrateofnewenergypassengervehicles,EuropeanandAmericanmarketsarestillintheearlystagesofdevelopment,withanewenergypenetrationratein2024at22.7%inEuropeandatonly9.6%intheUS.WiththegradualreductionofgeopoliticalfactorssuchastheRussia-Ukrainewarandtheacceleratedimplementationofcarbonemissionassessmentpolicies,itisexpectedthattheoverseasnewenergymarket,representedbyEurope,willenterarecoveryphase,offeringsignificantpotentialforfuturegrowthbasedonitslowpenetrationrate.Toseizeoverseasmarketopportunities,leadingcompaniesinthenewenergyindustrychainareintegratingintolocalsupplychainsthroughtechnologyandcapacityexports,strengtheningglobalindustrychainandsupplychainservices.Lithiumbatteryenterpriseshavegonethroughoverallexploration,trialimplementation,andcomprehensiveoverseasexpansion,withtheirinternationaloperationsbecomingincreasinglymature.Intheternarymaterialsector,thehigh-nickelroutecontinuestoadvanceglobally,whilethedevelopmentofnewtechnologiesandbusinessesbringsnewincrementalopportunitiesforhigh-nickelternarymaterials.Solid-statebatteries,asoneoftheimportantdevelopmentdirectionsforfuturebatterytechnology,alignwellwiththetechnicalcharacteristicsofhigh-nickelternarymaterials,andareexpectedtofurtherdrivemarketgrowth.Theriseoflow-altitudeeconomies,suchasdronesandlow-altitudeflyingvehicles,placeshigherdemandsonbatteryperformance.High-nickelternarymaterialscanmeetthesedevices'needsintermsofenergydensityandendurance,showcasingbroadapplicationprospects.Thedevelopmentofhumanoidrobotssimilarlyimposeshighrequirementsonbatteryperformanceandsafety.Theexcellentenergydensityperformanceofhigh-nickelternarymaterialsmakesthemoneoftheidealchoicesforhumanoidrobotbatteries.
Withthegrowthofthenewenergymarket,applicationscenariosarebecomingincreasinglydiverse,bringingnewopportunitiesfornewmaterialssuchassodiumbatteriesandlithiummanganeseironphosphate.Sodiumbatteries,withtheiradvantagesofabundantresources,lowcost,andstronglow-temperatureresistance,areexpectedtobewidelyusedinthepowerandenergystoragesectors.Lithiummanganeseironphosphatecanoffercustomersvarioussolutions,includingpureuseandblendingwithternarymaterials.Inpureusescenarios,itsenergydensityis15%-20%higherthanthatoflithiumironphosphate,makingitapotentialupgradediterationproductoflithiumironphosphate.Inapplicationsofblendingwithternarymaterials,lithiummanganeseironphosphatecaneffectively
enhancebatterysafetyandreducecosts.Withcontinuoustechnologicaladvancementsandcostreductions,theapplicationscenariosforlithiummanganeseironphosphatewillcontinuetoexpand.
4.2TheCompany'sDevelopmentStrategy
TheCompanyadherestothedevelopmentmissionof"developingthenewenergyindustry,improvingthehumanlivingenvironment,creatingabrightfuturefortheCompanyanditsemployees,andgivingbacktosociety,"withthevisionof"establishinganewenergyindustryclusterwithfirst-classinnovationcapabilitiesandahighdegreeofcommercialcivilization."In2021,theCompanylaunchedthe"NewIntegration"strategyof"beingthestrongest,cooperatingwiththestrongest,andmutualgrowth,"whichencompassesspecialization,integration,platformization,ecologicalization,intelligentdigitalization,globalization,andorganization.Guidedbythe"NewIntegration"strategy,theCompanyhasstrengtheneditscooperativerelationshipswithupstreamanddownstreamenterprisesthroughstrategicpartnershipsandequityparticipation,ensuringstabledevelopmentandlong-termcompetitiveadvantagesinthefiercelycompetitivenewenergymaterialssector.
In2022,theCompanyproposedafull-coveragestrategyforthecathodemarket,aimingtotransformintoaplatformized,group-orientedcomprehensivesupplierofcathodematerials,withproductscoveringhigh-nickelmaterials,lithiummanganeseironphosphate,andsodium-ionmaterials,andapplicationareasspanninghigh,medium,andlow-endpower,smallpower,energystorage,anddigitalmarkets.
In2023,amidtheboomingdevelopmentoftheoverseasnewenergyvehicleindustryandintensifyingdomesticindustrycompetition,theCompanyheldaglobalstrategylaunchevent,clarifyingthatthe"globalization"strategyisthefocalpointofthe"NewIntegration"strategyatthisstage.ThedetailsoftheU.S.InflationReductionActhavebeenfurtherclarified,providingalargermarketfortheCompany'soverseasexpansion.TheCompany'sstrategicadvantagesinoverseasregionslikeSouthKoreaisbecomingincreasinglyapparent.
In2024,theCompanyhasmadesignificantprogressinitsglobalizationstrategy,withthephase-I20,000tons/yearternarymaterialcapacityinSouthKoreafullyoperationalandthephase-II40,000tons/yearternarymaterialcapacitynearingcommissioning,furtherenhancingtheenergyefficiencyandmanufacturingleveloftheproductionlines.TheCompanysuccessfullycompletedtheacquisitionofafactoryinPolandandcommencedtheconstructionofaphase-Iprojectwithacapacityof20,000tons,gainingafirst-moveradvantageintheEuropeancathodematerialcapacitylayout.TheCompanyhascompletedtheregistrationofitsNorthAmericansubsidiaryandestablishedlong-termstablepartnershipswithinternationalclients,planningtobuildarelativelycompleteindustrychainfromprecursortocathodematerialsinNorthAmerica.
Lookingaheadto2025,theCompanywillcontinuetoaccelerateitsglobalizationstrategy,focusingoncathodematerialsasitsmainbusiness,extendingR&Dforwardtosmelting,urban,andnaturalmines,andbackwardtomaterialelectrochemicalsystems,celldesign,andbatterydismantling;relyingon
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummaryglobalcapitaloperationcapabilities,itwillpossesstheabilitytodevelop,manage,andoperatetheentireindustrialchain.TheCompanywilltransitionfrom"digitalization"to"intelligentdigitalization",comprehensivelyacceleratingitsdevelopmentthroughtheextensiveapplicationofAItechnologiesinR&D,engineering,manufacturing,supplychainmanagement,andorganizationalculturebuilding.ItwillconstructitsownverticalAImodelandcreateanintelligentcollaborationplatformacrosstheglobetoacceleratecross-regionalculturalintegrationandinnovativecollaboration.Allthesemeasuresaimtobuildadataintelligenceecosystemthatenhancesoperationalefficiencyandcorecompetitivenessoftheenterprise.
Additionally,theCompanywillfurtherimprovethediversifiedincentivemechanismtoensurethatallregionsathomeandabroadcanattracttalentsandbuildexcellenttalentechelonstomeetthegrowingneedsoftheCompany'sinternationalbusiness.Inthefuture,theCompanywillincreaseitseffortsintrainingandcultivatingemployeesandcadres,acceleratedigitalandintelligenttransformationandartificialintelligenceapplicationsinvariousfields,andbuildanefficientglobalmanagementplatform.
Throughtheeffectiveimplementationoftheabovedevelopmentstrategies,theCompanyisconfidentinachievingitsstrategicgoalofbecomingthefirstintheglobalcathodematerialindustryinthefuture.
4.3BusinessPlan
In2025,theCompanywillcontinuetostrengthencooperationwithkeycustomers,focusoncoretechnologybreakthroughsandproductiterationupgrades,enhanceindustrialchaincollaborationandresourceintegration,solidifytheachievementsofitsgloballayout,andtransformstrategicadvantagesintostrategicvictories.
(1)Consolidatetheleadingpositioninternarymaterialsandachievelarge-scaleapplicationsoflithiummanganeseironphosphateandsodiumbatteries
In2025,theCompanywillcontinuetoconsolidateitsbarrieradvantagesinthehigh-nickelandultra-high-nickelfields,deepencooperationwithinternationalcustomers,andfurtherincreasetheproportionofoverseascustomers.Itwilldeepencollaborativeinnovationwithmajorstrategiccustomers,completelarge-scaleproductionofmid-nickelhigh-voltageseriesproducts,enrichtheCompany'sproductmatrix,andfurtherenhanceprofitability.
TheCompany'slithiummanganeseironphosphateproductswillfurtherexploretheautomotivepowerbatterymarket,achievelarge-scalesales,andfurthersolidifyitsindustry-leadingadvantage.Intermsofsodium-ioncathodes,theCompany'slayeredoxideproductsandpolyanionicproductswillconsolidatekeypositioningadvantageswithtopdomesticandinternationalcustomers,andwillgraduallyincreaseproductiontomeetcustomerdemandsin2025,achievinglarge-scaleproductionanddelivery.
(2)IncreaseR&Dinvestment,continuouslyenhancebasictechnology,andgraduallyexpandcutting-edgetechnology
In2025,theCompanywillcontinuouslyincreaseR&Dinvestment,enhanceproductand
NingboRonbayNewEnergyTechnologyCo.,Ltd.2024AnnualReportSummarytechnologycompetitiveness,furtherstrengthentheglobalintellectualpropertyprotectionsystem,andquicklyrespondtomarketandcustomerneeds.TheR&Dscopeofproductsandtechnologieswillgraduallyextendfromcathodematerialresearchupstreamtoprecursorpreparation,smelting,andrecycling,anddownstreamtomaterialelectrochemicalsystems,celldesign,batterypackdesign,batteryapplication,andbatterydismantlingandrecycling.
(3)IncreasethemarketshareoftheCompany'smaterialsintheall/semi-solidbatteryfieldandexplorethelow-altitudeeconomyandroboticsmarketsIn2025,theCompanywillfurtherleverageitsleadingadvantagesinthehigh-nickelfield,consolidateandincreasethemarketshareofitshigh-nickel/ultra-high-nickelproductsinthesolid-statebatteryfield,achievebatchpilotproductionofultra-high-nickelcathodematerialsforsolid-statebatterieswithkeycustomers,andalsopushforwardsmall-batchshipmentsofsulfideelectrolytes.Atthesametime,theCompanywillutilizeitsleadingadvantagesinhigh-nickel/ultra-high-nickelproductstoactivelyexplorethelow-altitudeandroboticsmarkets,seizingmarketshareinemergingsectors.
(4)Continuouslyimplementthe"NewIntegration"strategytobuildacompetitivesupplychainglobally
Inthecurrentcompetitiveenvironmentofthenewenergylithiumbatteryindustry,theCompanywillcontinuetoadvanceits"NewIntegration"strategy,establishingaglobalsupplychainthatmeetsinternationalbatteryactrequirementsbasedonaninterconnectedentireindustrychainfromresourcestoproducts.ItwillgraduallybuildtradingnetworksinSoutheastAsia,Europe,NorthAmerica,SouthAmerica,andAfrica,deepencooperationwithresourceandprocessingenterprisesinvariousglobalregions,andleveragerespectiveindustrialadvantages,ensuringrawmaterialsecurityandcostadvantagesandcreatingacompetitivesupplychainsystemglobally.
(5)Seizemarketdevelopmentopportunitiestobuildaglobaltop-tiertalentteam
In2025,theCompanywillcomprehensivelyoptimizethegroup'sorganizationalmanagementsystem,constructaminimaliststructure,andimplementeffectiveincentivemechanismssuchas3P(position,pay,andperformance),payincentivesystems,andafour-tierpartnershipmechanismtoattracttopglobaltalentsandseizeindustrydevelopmentopportunities.
(6)From"digitalization"to"intelligentdigitalization,"comprehensivelyacceleratecorporatedevelopment
Inrecentyears,therapiddevelopmentofartificialintelligencetechnologyhasbroughtprofoundchangestoallaspectsofhumansociety.By2025,theCompanywillprioritizeintelligentdigitalizationasitstopstrategy,deeplyintegratinginformatization,digitalization,andintelligence.ThroughtheextensiveapplicationofAItechnologiesinR&D,engineering,administrativetransformation,supplychain,andorganizationalculturebuilding,itwillconstructitsownverticalAImodelandcreateaintelligentcollaborationplatformacrosstheglobetoacceleratecross-regionalculturalintegrationandinnovativecollaboration.Allthesemeasuresaimtobuildadataintelligenceecosystemthatenhancesoperationalefficiencyandcorecompetitivenessoftheenterprise.
SectionVCorporateGovernance
1.Explanationofcompanygovernance-relatedmattersDuringthereportingperiod,theCompanycontinuouslyimproveditscorporategovernancestructureandstandardizeditsoperationsinaccordancewiththerequirementsoflaws,regulations,rules,andnormativedocumentssuchastheCompanyLaw,SecuritiesLaw,andShanghaiStockExchangeScienceandTechnologyInnovationBoardStockListingRules.TheactualsituationofcorporategovernancecomplieswiththerequirementsofnormativedocumentssuchastheCodeofCorporateGovernanceforListedCompaniesissuedbyChinaSecuritiesRegulatoryCommission.
(1)Regardingshareholdersandshareholders'generalmeetings:TheCompanyhasformulatedrulesofprocedureforshareholders'generalmeetingsandstrictlyconvenesandholdsmeetingsinaccordancewiththerequirementsoftheshareholders'generalmeetingnorms.Thechoiceofvenueandmeetingformatisdesignedtoallowasmanyshareholdersaspossibletoattendtheshareholders'generalmeetingandexercisetheirvotingrights;theCompanytreatsallshareholdersequally,ensuringtheycanexercisetheirrights.
(2)Regardingtherelationshipbetweenthecontrollingshareholdersandlistedcompanies:Thecontrollingshareholders'behaviorsarestandardized,withoutdirectlyorindirectlyinterveningintheCompany'sdecision-makingandbusinessoperationsbeyondtheshareholders'generalmeeting;theCompanyandthecontrollingshareholdersachieve"fiveindependences"intermsofpersonnel,assets,finance,institutions,andbusiness,withtheCompany'sBoardofDirectors,BoardofSupervisors,andinternalbodiesoperatingindependently.TheCompany'srelated-partytransactionsarelegal,pricesarefair,andallhavefulfilledinformationdisclosureobligations.
(3)RegardingdirectorsandtheBoardofDirectors:TheCompanystrictlyfollowsthedirectorrecruitingprocedurestipulatedintheArticlesofAssociationtoelectdirectors.Duringthereportingperiod,theCompanycompletedtheelectionofanewboardofdirectors,improvingthestaffingofthecorporategovernancebody.ThenumberandcompositionoftheCompany'sboardofdirectorsmeettherequirementsoflawsandregulations;theCompany'sboardofdirectorshasformulatedrulesofprocedureforboardmeetings,andalldirectorsareabletoearnestlyattendboardandshareholders'generalmeetings;familiarizethemselveswithrelevantlawsandregulations;understandtherights,obligations,andresponsibilitiesofdirectors;andexercisetheirvotingrightsseriously.TheBoardofDirectorshasestablishedaStrategicCommittee,AuditCommittee,NominationCommittee,CompensationandEvaluationCommittee,withallcommitteemembersbeingdirectors.Eachcommitteefullyleveragesitsprofessionalstrengths,utilizingtheirexpertisetoproposescientificallysoundandreasonablesuggestionsonmajormatters.
(4)RegardingsupervisorsandtheBoardofSupervisors:TheCompany'sBoardofSupervisorsstrictlyadherestotheprovisionsoftheCompanyLawandtheArticlesofAssociation.Duringthereportingperiod,theCompanycompletedtheelectionofanewboardofsupervisors,withthenumberandcompositionoftheBoardofSupervisorsmeetingtherequirementsoflawsandregulations.TheBoardofSupervisorshasformulatedrulesofprocedure.Thesupervisorsareabletoearnestlyfulfilltheirduties,actingwithacommitmenttoaccountabilitytoshareholdersbyoverseeingthecompany’sfinancesandensuringthelegalityandcomplianceofdirectorsandseniormanagementintheexecutionoftheirduties.
(5)Regardingperformanceevaluationandincentiveandconstraintmechanisms:TheCompanyhasestablishedfairandtransparentstandardsandproceduresforevaluatingtheperformanceandfulfillmentofdutiesofdirectors,supervisors,andseniormanagement.Ithassetupaperformanceassessmentmechanismlinkingcompensationwithcompanyperformanceandindividualachievements,ensuringacertaindegreeofstabilityamongseniormanagementandcoreemployees,therebysafeguardingtheCompany'ssustainabledevelopment.
(6)Regardingstakeholders:TheCompanyfullyrespectsthelegalrightsofstakeholdersincludingshareholders,employees,customers,suppliers,andinvestors.Ithasestablisheddiversifiedcommunicationchannelsbasedonthecategoriesofstakeholders,ensuringtheeffectivenessandregularityofcommunication.Meanwhile,itactivelyrespondstotheexpectationsanddemandsofvariousstakeholders.TheCompanyenhancescommunicationwithshareholdersandinvestorsthroughchannelssuchasshareholders'generalmeetings,performancebriefings,andinvestorhotlines,listeningtotheirdemandsandsuggestions;strengthenstheprotectionofemployeerights,supportstheWorkers'Congressandtradeunionorganizationsinexercisingtheirpowersaccordingtolaw,jointlypromotingtheCompany'ssustainableandhealthydevelopment;conductson-siteassessmentsandtechnicaltrainingforsupplierstomaintaincloseties,aidinginthequalityimprovementofsuppliedproducts,andfosteringawin-winbusinessatmosphere;activelyholdscustomercommunicationmeetingsandconductscustomersatisfactionsurveystoprotectcustomerrights.
(7)Regardinginformationdisclosureandtransparency:TheCompanydesignatestheChinaSecuritiesJournal,ShanghaiSecuritiesNews,SecuritiesDaily,SecuritiesTimes,andtheShanghaiStockExchangewebsiteasitsinformationdisclosuremedia.TheCompanystrictlyadherestorelevantlaws,regulations,andrules,fullyfulfillingitsobligationsofinformationdisclosureasalistedcompany.Thedirectors,supervisors,andseniormanagementensurethattheinformationdisclosedbytheCompanyistrue,accurate,complete,timely,andfair,activelysafeguardingthelegitimaterightsandinterestsoftheCompanyanditsinvestors.
2.Directors,supervisors,andseniormanagement
2.1Currentandretireddirectors,supervisors,seniormanagement,andcoretechnicalpersonnel
| Name | Position | Gender | Age | TermStartDate | TermEndDate |
| BaiHoushan | Chairman,GeneralManager,andcoretechnicalpersonnel | Male | 61 | 3/9/2018 | 8/2/2027 |
| YouSangyul | ViceChairmanandcoretechnicalpersonnel | Male | 65 | 3/9/2018 | 8/2/2027 |
| ZhangHuiqing | DirectorandDeputyGeneralManager | Male | 58 | 3/9/2018 | 8/2/2027 |
| SongWenlei | Director | Male | 59 | 6/29/2021 | 8/2/2027 |
| ZhaoXinyan | Director(Retired) | Male | 63 | 4/18/2023 | 8/2/2024 |
| FengTao | Director | Female | 37 | 4/18/2023 | 8/2/2027 |
| FuLinjun | Director | Male | 51 | 8/3/2024 | 8/2/2027 |
| YuQingjiao | IndependentDirector(Retired) | Male | 55 | 3/9/2018 | 8/2/2024 |
| JiangHui | IndependentDirector(Retired) | Female | 48 | 3/9/2018 | 8/2/2024 |
| ZhaoYiqing | IndependentDirector(Retired) | Female | 43 | 3/9/2018 | 8/2/2024 |
| LiYunjiao | IndependentDirector | Female | 62 | 8/3/2024 | 8/2/2027 |
| MeiYuexin | IndependentDirector | Female | 61 | 8/3/2024 | 8/2/2027 |
| NieXin | IndependentDirector | Male | 53 | 8/3/2024 | 8/2/2027 |
| ZhuYan | ChairmanoftheBoardofSupervisors(Retired) | Male | 50 | 3/9/2018 | 8/2/2024 |
| ShenCheng | Supervisor(Retired) | Female | 42 | 6/29/2021 | 8/2/2024 |
| ChenRuitang | EmployeeRepresentativeSupervisor(Retired) | Male | 62 | 3/9/2018 | 8/2/2024 |
| JiangHui | ChairmanofBoardofSupervisors | Female | 48 | 8/3/2024 | 8/2/2027 |
| ZhangMingxiang | EmployeeRepresentativeSupervisor | Male | 49 | 8/3/2024 | 8/2/2027 |
| ChenRuitang | Supervisor | Male | 62 | 8/3/2024 | 8/2/2027 |
| YuJiyun | SecretaryoftheBoardofDirectors | Male | 40 | 8/5/2023 | 8/2/2027 |
| YangYang | ChiefFinancialOfficer | Female | 42 | 8/3/2024 | 8/2/2027 |
| LiuDexian | DeputyGeneralManager | Male | 51 | 3/24/2018 | 8/2/2027 |
| SunHui | DeputyGeneralManager | Male | 44 | 8/3/2024 | 8/2/2027 |
| LeeJonghee | DeputyGeneralManager | Male | 50 | 8/3/2024 | 8/2/2027 |
| LeeJonghee | Coretechnicalpersonnel | Male | 50 | 3/12/2018 | Todate |
| ChenMingfeng | Coretechnicalpersonnel(Retired) | Male | 40 | 12/31/2018 | 8/2/2024 |
| YuanXujun | Coretechnicalpersonnel | Male | 41 | 3/12/2018 | Todate |
| MoJiguo | Coretechnicalpersonnel | Male | 57 | 8/3/2024 | Todate |
| WangZunzhi | Coretechnicalpersonnel | Male | 34 | 8/3/2024 | Todate |
| YuanYong | Coretechnicalpersonnel | Male | 45 | 8/3/2024 | Todate |
Note:
1.ChairmanBaiHoushanalsoservesastheCompany'sGeneralManager;histermasGeneralManagerisfromAugust3,2024toAugust2,2027.
2.Formercoretechnicalpersonnel,Mr.ChenMingfengisnolongerrecognizedascoretechnicalpersonneloftheCompanyduetoadjustmentofworkresponsibilities,andcurrentlyservesasanexpertattheSodiumBatteryTechnologyResearchInstituteoftheCentralResearchInstitute.Fordetails,pleaserefertotheAnnouncementontheAdjustmentofCoreTechnicalPersonnelandtheAdditionalRecognitionofCoreTechnicalPersonnel(2024-061)disclosedontheShanghaiStockExchangewebsite(www.sse.com.cn)onAugust3,2024.
3.Theshareholdingnumbersintheabovetablerepresentdirectholdings.
4.TheCompanyhascompletedthere-electionofitsnewBoardofDirectorsandBoardofSupervisors.Fordetails,pleaserefertotheAnnouncementontheCompletionofBoardofDirectorsandSupervisorsRe-electionandAppointmentofSeniorManagement(2024-060)disclosedontheShanghaiStockExchangewebsite(www.sse.com.cn)onAugust3,2024.
2.2Resumesofcurrentandretireddirectors,supervisors,seniormanagement,andcoretechnicalpersonnelduringthereportingperiod
| Name | Mainworkexperience |
| BaiHoushan | BaiHoushan,male,bornin1964,Chinesenationality,withpermanentresidencyintheUnitedStates.Mr.BaiHoushangraduatedfromCentralSouthUniversitywithamajorinNon-FerrousMetallurgy,NortheasternUniversitywithamajorinHeavyMetalPyrometallurgy,andobtainedan |
| MBAfromTsinghuaUniversity.FromSeptember1984toJuly1987,Mr.BaiHoushanworkedasatechnicianintheMetallurgyDepartmentatShenyangInstituteofMiningandMetallurgy;fromSeptember1987toMarch1990,hestudiedHeavyMetalPyrometallurgyatNortheasternUniversity;fromMarch1990toDecember2001,heservedinvariousrolesincludingAssistantEngineer,Engineer,SeniorEngineer,Professor-LevelSeniorEngineer,andProjectTeamLeaderofMetallurgyDepartment,BeijingGeneralResearchInstituteofMining&Metallurgy(BGRIMM)y;FactoryManagerofElectronicPowderMaterialFactory;ManageroftheElectronicCenterofBGRIMM;andDeputyDirectoroftheMetallurgyDepartmentatBGRIMM;fromDecember2001toMarch2012,heservedasDirectorandGeneralManagerofBeijingEaspringMaterialTechnologyCo.,Ltd.;from2013tothepresent,hehasbeenChairmanandGeneralManagerofRonbayHoldings;fromOctober2015tothepresent,hehasbeenChairmanoftheCompany;andfromAugust2024tothepresent,hehasbeenservingasGeneralManageroftheCompany.FromMay2022toJune2024,heservedasdirectorofZoweeTechnology. | |
| YouSangyul | YouSangyul,male,bornin1960,SouthKoreannationality.Mr.YouSangyulgraduatedfromtheGraduateSchoolofPhysicsatHanyangUniversity,SouthKorea.FromAugust1984toNovember2002,heheldpositionsincludingResearcheratSamsungSDIComprehensiveResearchInstituteandHeadofSamsungSDIMaterialDrugManufacturingDepartment;fromJanuary2003toApril2005,heservedasTechnicalAdvisorandGeneralManageratJAMR(aSino-Canadianjointventure);fromMay2005toDecember2009,heservedasGeneralManageroftheLithium-IonCathodeMaterialDivisionatSouthKorea'sL&F;in2010,hefoundedEMTCo.,Ltd.andservedasChairmanandGeneralManager;fromOctober2014tothepresent,hehasbeenservingastheCompany'sViceChairman. |
| ZhangHuiqing | ZhangHuiqing,male,bornin1967,Chinesenationality,withoutoverseaspermanentresidency.Mr.ZhangHuiqinggraduatedfromBeijingUniversityofChemicalTechnologyandobtainedanMBAfromUniversityofScienceandTechnologyBeijing.From1989to1998,Mr.ZhangHuiqingheldpositionsatJinanSan'aiFufuChemicalCo.,Ltd.,includingProductionScheduler,DeputyDirectorandDirectorofProductionPlanningDepartment,ManagerofProductionDepartment,andManagerofGeneralManagementDepartment;fromJanuary1999toFebruary2000,heservedasProductionManageratVicomeGreenlandGroupofShandongShengliCo.,Ltd.;fromMarch2000toDecember2001,heservedasProductionManageratBeijingFurundaChemicalCo.,Ltd.;from2002toJuly2012,heheldvariousrolesatBeijingEaspringMaterialTechnologyCo.,Ltd.,includingFactoryProductionManager,AssistanttotheGeneralManager,ProductionDirector,OperationsDirector,DeputyGeneralManagerandProductionDirector;from2013to2014,heservedasDeputyGeneralManagerofRonbayHoldings;from2014tothepresent,hehas |
| beenservingasDirectorandDeputyGeneralManageroftheCompany. | |
| SongWenlei | SongWenlei,male,bornin1966,Chinesenationality,withoutoverseaspermanentresidency.Mr.SongWenleigraduatedfromSchoolofEconomicsandManagement,TsinghuaUniversitywithaMaster'sDegreeinFinance.FromNovember1997toDecember2009,heservedasGeneralManageroftheResearchDepartment,GeneralManagerofVentureCapitalDepartment,andGeneralManagerofMergersandAcquisitionsatCITICSecuritiesCo.,Ltd.;fromJanuary2010toJuly2013,heservedasManagingDirectorofGoldstoneInvestmentLimited;fromAugust2013toApril2018,heservedasChiefInvestmentOfficerandManagingDirectorofChinaCapitalManagementCo.,Ltd.,andGeneralManagerofChinaSecuritiesFundsManagementLimited;fromMay2018totheendof2023,heservedasGeneralManageroftheStrategicInvestmentDevelopmentDivisionandChiefInvestmentOfficerofStrategicEquityInvestmentatSunshineInsurance.FromJune2021tothepresent,hehasbeenservingasDirectorofRonbayTechnology. |
| FengTao | FengTao,female,Chinesenationality,withoutoverseaspermanentresidency.SheholdsaBachelor'sDegreeinFinanceandBachelorofEconomics.ShepreviouslyservedasSecuritiesAffairsRepresentativeandHeadoftheSecuritiesDepartmentatBGRIMMMagneticMaterials&TechnologyCo.,Ltd.,andasSecuritiesAffairsRepresentativeandDeputyGeneralManageratBeijingSumavisionTechnologiesCo.,Ltd.SinceApril2023,shehasservedasdirectoratRonbayTechnology. |
| FuLinjun | FuLinjun,male,Hanethnicity.Mr.FuLinjungraduatedfromChinaPharmaceuticalUniversitywithamajorinPharmaceuticalAnalysis,holdsamaster'sdegreefromChinaPharmaceuticalUniversity,andanEMBAfromCheungKongGraduateSchoolofBusiness.FromJuly1998toSeptember2000,hetaughtatGuangxiMedicalUniversity;fromJune2003toMarch2004,heservedasInvestmentManageratGuangzhouTechnologyVentureCapitalCo.,Ltd.;fromMarch2004toSeptember2006,heservedasSeniorInvestmentManageratShenzhenLeaguerVentureCapitalCo.,Ltd.;fromOctober2006toJune2010,heservedasExecutiveDirectoratShenzhenCowinVentureCapitalInvestmentsCo.,Ltd.;fromJune2010toMarch2011,heservedasPartneratKunwuJiudingInvestmentHoldingCo.,Ltd.;fromMarch2011tothepresent,hehasbeenservingasChairmanandGeneralManagerofShenzhenWuyueCapitalManagementCo.,Ltd.;fromApril2020toDecember2023,heservedasPartneratHongtaiAplus.HepreviouslyservedassupervisoratBeijingEaspringMaterialTechnologyCo.,Ltd.,directoratHonzPharmaceuticalCo.,Ltd.,anddirectoratJiangsuAsia-PacificLightAlloyTechnologyCo.,Ltd. |
| NieXin | NieXin,male,Hanethnicity,bornin1972.Mr.NieXingraduatedfromtheDepartmentofStatisticsatRenminUniversityofChina,obtaininga |
| Bachelor'sDegreeinEconomics.FromJuly1996toMay1998,heworkedatStatisticalResearchMagazine;fromJune1998toJuly2001,heworkedatBeijingHuanxinConsultingCo.,Ltd.,engagedinsoftresearchprojects;fromAugust2001toMarch2004,heengagedinnewmaterialindustryconsultingservices;fromApril2004toMarch2009,heworkedatBeijingNewMaterialDevelopmentCenter(oneofthememberunitsundertheBeijingOrganizingCommitteefortheOlympicGames),participatedinthe2008BeijingOlympicElectricBusProject,responsibleforrelevantresearchontheChineselithiumbatteryindustry.FromApril2009tothepresent,hehasbeenprovidingconsultingandmarketresearchservicestolithiumbatterycompanies;inSeptember2010,heregisteredandestablishedBeijingHuaqingZhengxingTechnologyDevelopmentCo.,Ltd.,creatingthebrandRealLiResearch,focusingonlithiumbatteryindustryresearch,marketresearch,andconsultingservices. | |
| LiYunjiao | LiYunjiao,female,Hanethnicity,bornin1963.Ms.LiYunjiaograduatedfromtheDepartmentofNonferrousMetallurgyatCentralSouthUniversityofTechnology,obtainingaMaster'sDegreeinEngineering,andlaterstayedattheuniversityasafacultymember.In2002,sheobtainedaDoctorateinEngineeringinNonferrousMetallurgyfromCentralSouthUniversity.FromSeptember1987toSeptember2004,sheservedsuccessivelyasAssistantTeacher,Lecturer,AssociateProfessor,Professor,andDoctoralSupervisoratCentralSouthUniversityofTechnology;fromOctober2004toOctober2009,sheservedasVisitingProfessoratMcGillUniversityinCanada,PostdoctoralFellowandAssociateResearcherattheUniversityofToronto,andSeniorMetallurgistattheBio-IndustrialProcessResearchCentre;fromOctober2009tothepresent,sheservesasProfessor(Level2)andDoctoralSupervisorattheSchoolofMetallurgyandEnvironment,CentralSouthUniversity.Ms.LiYunjiaohaslongbeenengagedinscientificresearchrelatedtonewenergymaterialsandnon-ferrousmetalhydrometallurgy,dedicatingherselftothepreparationofnewenergymaterialssuchaslithium-ionbatterycathodematerials,aswellasthedevelopmentofnewtechnologiesandprocessesinthefieldoftungstenandmolybdenumhydrometallurgy,achievingsignificantresults. |
| MeiYuexin | MeiYuexin,female,Hanethnicity,bornin1964.Ms.MeiYuexingraduatedfromHangzhouElectronicIndustryCollegewithamajorinFinancialAccounting,holdingaBachelor'sDegreeinEconomicsandanEMBAfromPekingUniversity.Ms.MeiYuexinisaSeniorAccountantandaCertifiedPublicAccountant.FromJuly1986toJuly1995,sheservedasLectureratHangzhouElectronicIndustryCollege;fromJuly1995toJanuary1999,sheservedasSeniorProjectManageratShenzhenZhonghuaCertifiedPublicAccountants;fromJanuary1999toAugust2002,sheservedasSeniorManageratShenzhenTongrenCertifiedPublicAccountants;fromAugust2002toAugust2012,sheservedasSeniorManagerandDeputyChiefAccountantatShenzhenPengchengCertifiedPublicAccountants;fromAugust2012toDecember2019,sheservedasPartner,Deputy |
| ChiefAccountant,MemberoftheRiskControlCommittee,andMemberoftheInternalControlCommitteeatRuihuaCertifiedPublicAccountants.Ms.MeiYuexinhaspreviouslyservedasIndependentDirectorformultiplelistedcompanies,includingShenzhenAgriculturalPowerGroupCo.,Ltd.,ShenzhenTongchanLixingTechnologyGroupCo.,Ltd.,ShenzhenZQGameCo.,Ltd.,ShenzhenBatianEcotypicEngineeringCo.,Ltd.,andShenzhenNewTrendInternationalLogis-TechCo.,Ltd. | |
| JiangHui | JiangHui,female,bornin1977,Chinesenationality,withoutoverseaspermanentresidency.Ms.JiangHuiholdsaMaster'sdegreeinFinancefromtheUniversityofSydney.From2004to2010,sheservedasManagementDepartmentDirectoratSEMITECCorporationinJapan;from2010to2014,sheservedasHumanResourcesDirectoratBeijingEaspringMaterialTechnologyCo.,Ltd.;from2015tothepresent,shehasbeenservingasDeputyGeneralManageratShanghaiDingyiIntelligentTechnologyCo.,Ltd.;fromMarch2018toAugust2024,sheservesasIndependentDirectoroftheCompany. |
| ChenRuitang | ChenRuitang,male,bornin1963,Chinesenationality,withoutoverseaspermanentresidency.Mr.ChenRuitanggraduatedfromCentralSouthUniversitywithamajorinNon-FerrousMetallurgy,obtainingaBachelorofEngineering.FromJuly1984toMarch1989,heservedasEngineeratGuiyangAluminiumMagnesiumDesign&ResearchInstitute,AluminumCorporationofChina;fromMarch1989toMarch2013,heservedasChiefEngineeratZhengzhouNon-FerrousMetalsResearchInstitute,AluminumCorporationofChina;fromApril2013toOctober2015,heservedasDeputyChiefEngineeratHunanZhongdaMetallurgicalDesignInstituteCo.,Ltd.;fromOctober2015tothepresent,heservesasChiefEngineeroftheEngineeringDesignResearchInstituteoftheCompany;fromJuly2017tothepresent,hehasbeenservingasSupervisoroftheCompany. |
| ZhangMingxiang | ZhangMingxiang,male,Hanethnicity,bornin1976.Mr.ZhangMingxianggraduatedfromWuhanAutomotivePolytechnicUniversitywithamajorinFineChemicalEngineering.From2010to2015,heservedinvariouspositionsatBeijingEaspringMaterialTechnologyCo.,Ltd.,includingDeputyManagerofQualityDepartment,DirectoroftheTongzhouFactory,andManageroftheYanjiaoBranch.Since2016,hehasheldvariouspositions,includingProductionDirector,FactoryManager,andDeputyGeneralManagerofHubeiRonbayLithiumBatteryMaterialCo.,Ltd.;DeputyGeneralManagerandGeneralManagerofXiaocao'ebranchofNingboRonbayNewEnergyTechnologyCo.,Ltd.;GeneralManagerofLinshanbranchandDeputyGeneralManagerofManufacturingDivisionofthebranch. |
| LiuDexian | LiuDexian,male,bornin1974,Chinesenationality,withoutoverseaspermanentresidency.Mr.LiuDexiangraduatedfromBeijingInstituteofTechnologywithaMaster'sDegreeinMaterialsScienceandEngineering.FromJanuary1999toMay2004,heheldvariouspositionsatBeijing |
| EaspringMaterialTechnologyCo.,Ltd.,includingMarketingEngineer,MarketingDepartmentManager,andAssistanttotheGeneralManager;fromJune2004toJuly2017,heservedasSalesManagerandRegionalSalesDirectorforVALEBaseMetalsBusinessUnitinChina;fromJuly2017tothepresent,hehassuccessivelyheldpositionsasGeneralManager,AssistantPresident,andDeputyGeneralManageroftheInternationalTradeDivisionoftheCompany. | |
| SunHui | SunHui,male,Hanethnicity,bornin1981,Chinesenationality,withoutoverseaspermanentresidency.Mr.SunHuigraduatedfromFudanUniversitywithamajorinAppliedChemistryandobtainedaMaster'sdegreeinChemicalEngineeringandTechnologyfromZhejiangUniversity.FromSeptember2007toApril2019,heheldvariouspositionsatWanhuaChemicalGroupCo.,Ltd.,includingR&DEngineer,ProjectManager,ProcessOptimizationCenterManager,QualityManager,andQualityandSupplyChainManager;fromApril2019toMay2022,heservedasGeneralManageroftheQuality,Environment,andSafetyCenter,DeputyGeneralManagerofthePrecursorDivisionandconcurrentlyasPresidentofKoreanEMT,AssistantPresidentandconcurrentlyasExecutiveDeputyDeanofCentralResearchInstitute;fromNovember2022toJune2024,hesuccessivelyheldpositionsasGeneralManagerofthePrecursorDivision,Co-PresidentoftheMarketSystem,Co-PresidentoftheR&DSystem,concurrentlyasGeneralManagerofthePrecursorDivision,PresidentofthePrecursorBusinessandconcurrentlyasPresidentoftheMarketSystem;sinceJune2024,hehasbeenservingasExecutiveVicePresidentoftheCompany. |
| LeeJonghee | LeeJonghee,male,bornin1975,SouthKoreannationality.Mr.LeeJongheegraduatedfromKyushuUniversityinJapanwithamajorinAppliedChemistryandobtainedaDoctorofEngineeringdegree.From2002to2004,heservedasResearchEngineeratKoreaInstituteofEnergyResearch;from2004to2007,heservedasResearchAssistantatJapanInstituteofAppliedChemistry;from2007to2012,heworkedasSeniorEngineeratSamsungSDIBatteryDevelopmentCenter;from2012to2016,heservedasChiefEngineeratBatteryMaterialsResearchCenterofGSEnergyCorporation;from2017tothepresent,hehassuccessivelyheldpositionsasDeputyDeanofCentralResearchInstituteandPresidentoftheR&DSystemoftheCompany. |
| YuJiyun | YuJiyun,male,bornin1985,Chinesenationality,graduatedwithaBachelor'sdegreeinPowderMaterialsScienceandEngineeringfromCentralSouthUniversity,andholdsqualificationsasBoardSecretaryforShanghaiStockExchangeScienceandTechnologyInnovationBoardandFundIndustryQualificationCertificate.FromJuly2007toJune2013,heservedasthemarketingmanagerandinvestmentmanageratBeijingEaspringMaterialTechnologyCo.,Ltd.;fromJune2013toJuly2014,hewastheinvestmentdirectoratBeijingRonbayInvestmentHoldingsCo.,Ltd.;from |
| March2020toJuly2023,heservedasgeneralmanagerofinvestmentatBeijingRonbayNewEnergyInvestmentManagementCo.,Ltd.FromJuly2022tothepresent,hehasbeenservingasSupervisorattheCompany'sholdingsubsidiary,TianjinSkylandTechnologyCo.,Ltd.;fromAugust2023tothepresent,hehasbeentheBoardSecretaryoftheCompany;fromJanuary2024toAugust2024,heservedasFinancialDirectoroftheCompany. | |
| YangYang | YangYang,female,Hanethnicity,bornin1983,Chinesenationality.Ms.YangYanggraduatedwithaBachelor'sDegreeinManagementfromtheGuanghuaSchoolofManagement,PekingUniversity.FromJuly2006toMay2011,sheservedasFinancialAssistantManageratDaimlerGreaterChinaLtd.(FortuneGlobal500);fromMay2011toJune2015,sheservedasFinancialManageratVolvo(China)InvestmentCo.,Ltd.;fromJune2015toMarch2021,sheservedasFinancialDirectoratDongfengInfinitiMotorCo.,Ltd.;fromMarch2021toJanuary2023,sheservedasChiefFinancialOfficeratZhejiangSotereaTechnologyGroupCo.,Ltd.(Pre-IPO);fromFebruary2023toJuly2023,sheservedasFinancialDirectoratZhiXing(Beijing)InformationTechnologyCo.,Ltd.(NIOInvestment);fromNovember2023tothepresent,shehasbeenservingasGeneralManageroftheCompany'sFinancialOperationsCenter;fromAugust2024tothepresent,shehasbeenservingastheCompany'sChiefFinancialOfficer. |
| YuanXujun | YuanXujun,male,bornin1984,Chinesenationality,withoutoverseaspermanentresidency.Mr.YuanXujungraduatedfromNingboUniversitywithaBachelorofSciencedegreeinChemistry.FromJuly2007toJune2008,heservedasResearchAssistantintheFuelCellDivisionoftheNingboInstituteofMaterialsTechnologyandEngineering,ChineseAcademyofSciences;fromJuly2008toSeptember2014,hesuccessivelyheldpositionsasR&DEngineerandR&DManageratJinheNewMaterials;fromOctober2014tothepresent,hehasbeenengagedintheR&Doflithium-ionbatterycathodematerialsattheCompany,servingasDeputyGeneralManagerofCathodeDivisionandGeneralManagerofTernaryCathodeDivision. |
| MoJiguo | MoJiguo,male,Hanethnicity,bornin1968,Chinesenationality.Mr.MoJiguograduatedfromSichuanUniversity(formerlyChengduUniversityofScienceandTechnology)withaBachelorofEngineeringinChemicalEngineering;fromJuly1992toOctober2002,heservedasSeniorEngineerandProjectManageratChinaCarbonBlackInstitute;fromOctober2002toMarch2004,heservedasProjectManagerintheEngineeringDepartmentofBeijingEaspringTechnology;fromApril2004toJune2017,heservedasSeniorProcessEngineerandProjectManageratWorleyChina(BeijingWorleyparsonsEngineeringTechnologyCo.Ltd.);fromJuly2017tothepresent,hehassuccessivelyheldpositionsasGeneral |
| ManageroftheCompany'sEngineeringResearchandDesignInstitute,DeputyDeanoftheEngineeringAcademyandGeneralManageroftheEngineeringInstitute,DeputyDeanoftheCentralResearchInstituteandGeneralManageroftheEngineeringInstitute,andExecutiveDeputyGeneralManageroftheEngineeringBusinessDivision. | |
| WangZunzhi | WangZunzhi,male,Hanethnicity,bornin1991,Chinesenationality.Mr.WangZunzhigraduatedfromtheSchoolofScience,TianjinUniversitywithamajorinChemistry;heobtainedaPh.D.inChemistryin2018;from2019to2021,heconductedpostdoctoralresearchattheSchoolofMaterialsScienceandEngineering,ZhejiangUniversity,focusingonthedevelopmentandapplicationofhigh-energy-densitylithium-ionbatterycathodemateriallithiumnickeloxide.SincejoiningRonbayTechnologyinJuly2018,hehassuccessivelyservedasdevelopmentengineerattheCentralResearchInstitute,headoftheMulti-ProductDevelopmentDepartment,assistanttodirectoroftheCathodeResearchInstitute,generalmanageroftheProductDevelopmentCenteroftheCathodeDivision,andgeneralmanageroftheSodiumBatteryDivision. |
| YuanYong | YuanYong,male,Hanethnicity,bornin1980,Chinesenationality.Mr.YuanYonggraduatedfromHenanUniversityofScienceandTechnology,majoringinChemicalEngineeringandTechnology;fromJuly2003toDecember2006,hewaslithium-ionbatteryR&DengineerandprojectsupervisoratHenanHuanyuGroup’sR&DCenter;fromJanuary2007toApril2009,heservedaschiefengineeranddeputygeneralmanageratJiaozuoYixingLithiumBatteryTechnologyCo.,Ltd.;fromMay2009toOctober2019,hewastheR&DDepartmentmanagerandchiefengineeratTianjinSTLEnergyTechnologyCo.,Ltd.;sinceJanuary2020,hehasbeenthechiefengineeranddeputygeneralmanageratTianjinRonbaySkylandTechnologyCo.,Ltd. |
SectionVIShareChangesandShareholders
1.Changesinshareholding
Unit:Shares
| Beforethischange | Increase/Decreaseinthischange(+,-) | Afterthischange | |||||||
| Quantity | Ratio(%) | Newsharesissued | Bonusshares | Capitalreservecapitalization | Miscellaneous | Subtotal | Quantity | Ratio(%) | |
| I.Restrictedshares | 200,485,578 | 41.4 | -32,908,751 | -32,908,751 | 167,576,827 | 34.69 | |||
| 1.State-ownedshares | |||||||||
| 2.State-ownedlegalpersonshares | 4,678,223 | 0.97 | -4,678,223 | -4,678,223 | |||||
| 3.Otherdomesticshares | 188,942,205 | 39.02 | -21,365,378 | -21,365,378 | 167,576,827 | 34.69 | |||
| Including:Domesticnon-state-ownedlegalpersonshares | 187,613,129 | 38.75 | -20,137,729 | -20,137,729 | 167,475,400 | 34.67 | |||
| Domesticnaturalpersonshares | 1,329,076 | 0.27 | -1,227,649 | -1,227,649 | 101,427 | 0.02 | |||
| 4.Foreignshares | 6,865,150 | 1.42 | -6,865,150 | -6,865,150 | |||||
| Including:Overseaslegalpersonshares | 6,865,150 | 1.42 | -6,865,150 | -6,865,150 | |||||
| Overseasnaturalpersonshares | |||||||||
| II.Unrestrictedcirculatingshares | 283,738,010 | 58.60 | 31,714,822 | 31,714,822 | 315,452,832 | 65.31 | |||
| 1.RMBCommonShares | 283,738,010 | 58.60 | 31,714,822 | 31,714,822 | 315,452,832 | 65.31 | |||
| 2.DomesticListedForeignShares | |||||||||
| 3.OverseasListedForeignShares | |||||||||
| 4.Miscellaneous | |||||||||
| III.TotalNumberofShares | 484,223,588 | 100.00 | -1,193,929 | -1,193,929 | 483,029,659 | 100.00 | |||
2.Totalnumberofordinaryshareholders,totalnumberofpreferredshareholderswithvotingrightsrestored,totalnumberofshareholdersholdingspecialvotingrightsshares,anddetailsofthetop10shareholders
Unit:Shares
| Totalnumberofordinaryshareholders(accounts)asoftheendofthereportingperiod | 25,788 | |||||||
| Totalnumberofordinaryshareholders(accounts)asoftheendofthepreviousmonthbeforetheannualreportdisclosuredate | 27,221 | |||||||
| Totalnumberofpreferredshareholders(accounts)withvotingrightsrestoredasoftheendofthereportingperiod | 0 | |||||||
| Totalnumberofpreferredshareholders(accounts)withvotingrightsrestoredasoftheendofthepreviousmonthbeforetheannualreportdisclosuredate | 0 | |||||||
| Totalnumberofshareholders(accounts)holdingspecialvotingrightssharesasoftheendofthereportingperiod | 0 | |||||||
| Totalnumberofshareholders(accounts)holdingspecialvotingrightssharesasoftheendofthepreviousmonthbeforetheannualreportdisclosuredate | 0 | |||||||
| Shareholdingstatusofthetop10shareholders(excludingshareslentoutthroughthesecuritieslendingandborrowing(SLB)mechanism) | ||||||||
| NameofShareholder(FullName) | Increase/DecreaseDuringtheReportingPeriod | NumberofSharesHeldattheEndofthePeriod | Ratio(%) | NumberofShareswithRestrictiveConditions | Pledged,Tagged,orFrozenStatus | ShareholderNature | ||
| SharesStatus | Quantity | |||||||
| ShanghaiRonbayNewEnergyInvestmentEnterprise(LimitedPartnership) | 0 | 129,000,000 | 26.71 | 129,000,000 | None | 0 | Miscellaneous |
| HongKongSecuritiesClearingCompanyLimited | 21,110,010 | 29,547,652 | 6.12 | 0 | None | 0 | OverseasLegalPerson |
| BeijingRonbayNewEnergyInvestmentDevelopmentCo.,Ltd. | 0 | 13,957,800 | 2.89 | 13,957,800 | None | 0 | DomesticNon-State-OwnedLegalPerson |
| HuzhouHaiyuEquityInvestmentPartnership(LimitedPartnership) | 0 | 10,094,835 | 2.09 | 0 | None | 0 | Miscellaneous |
| BeijingRonbayNewEnergyInvestmentManagementCo.,Ltd. | 0 | 8,800,000 | 1.82 | 8,800,000 | None | 0 | DomesticNon-State-OwnedLegalPerson |
| BeijingRonbayNewEnergyTechnologyInvestmentManagementCo.,Ltd. | 0 | 8,240,300 | 1.71 | 8,240,300 | Frozen | 1,843,842 | DomesticNon-State-OwnedLegalPerson |
| GongqingchengRongchengInvestmentManagementPartnership(LimitedPartnership) | -762,323 | 8,144,980 | 1.69 | 0 | None | 0 | Miscellaneous |
| ZunyiRonbayNewEnergyInvestmentCenter(LimitedPartnership) | 0 | 7,477,300 | 1.55 | 7,477,300 | None | 0 | Miscellaneous |
| HubeiYangtzeRiverNIONewEnergyIndustryDevelopmentFundPartnership(LimitedPartnership) | 0 | 6,978,961 | 1.44 | 0 | None | 0 | Miscellaneous |
| AgriculturalBankofChinaLimited-CSI500ExchangeTradedOpen-EndIndexSecuritiesInvestmentFund | 2,916,273 | 4,652,827 | 0.96 | 0 | None | 0 | Miscellaneous |
| StatementontheAboveShareholders'RelatedPartyRelationshipsorConcertedActions | ShanghaiRonbayNewEnergyInvestmentPartnership(LimitedPartnership),BeijingRonbayNewEnergyInvestmentDevelopmentCo.,Ltd.,BeijingRonbayNewEnergyInvestmentManagementCo.,Ltd.,BeijingRonbayNewEnergyTechnologyInvestmentManagementCo.,Ltd.andZunyiRonbayNewEnergyInvestmentCenterareallcontrolledbyBaiHoushan,theactualcontrolleroftheCompany.BaiHoushanisoneofthelimitedpartnersofGongqingchengRongchengInvestmentManagementPartnership(LimitedPartnership),theemployeestockownershipplatformoftheCompany. | ||||||
| Explanationofpreferredshareholderswithvotingrightsrestoredandtheirshareholdingquantity | None | ||||||
3.DiagramofthepropertyandcontrolrelationshipbetweentheCompanyanditscontrollingshareholders
4.DiagramofthepropertyandcontrolrelationshipbetweentheCompanyanditsactualcontrollers
4.Detailsontheimplementationofsharerepurchaseduringthereportingperiod
Unit:YuanCurrency:RMB
| NameofShareRepurchasePlan | ShareRepurchasePlanviaCentralizedAuctionTrading |
| DisclosureDateofShareRepurchasePlan | October26,2023 |
| PlannedNumberofSharestobeRepurchasedandPercentageofTotalShareCapital(%) | 0.23—0.39 |
| PlannedRepurchaseAmount | 75,000,000—125,000,000 |
| PlannedRepurchasePeriod | October26,2023–January26,2024 |
| PurposeofRepurchase | ImplementationofEmployeeShareholdingPlanorEquityIncentive |
| NumberofSharesRepurchased(Shares) | 3,147,658 |
| PercentageofRepurchasedSharesRelativetotheTotalSharesintheEquityIncentivePlan(%)(ifapplicable) | / |
| ProgressoftheCompany'sreductionofrepurchasedsharesthroughcentralizedauctiontrading | / |
NameofShareRepurchasePlan
| NameofShareRepurchasePlan | ShareRepurchasePlanviaCentralizedAuctionTrading |
| DisclosureDateofShareRepurchasePlan | February06,2024 |
| PlannedNumberofSharestobeRepurchasedandPercentageofTotalShareCapital(%) | 0.30—0.59 |
| PlannedRepurchaseAmount | 75,000,000—150,000,000 |
| PlannedRepurchasePeriod | February06,2024–May06,2024 |
| PurposeofRepurchase | TomaintaintheCompany'svalueandshareholders'interests |
| NumberofSharesRepurchased(Shares) | 2,640,970 |
| PercentageofRepurchasedSharesRelativetotheTotalSharesintheEquityIncentivePlan(%)(ifapplicable) | / |
| ProgressoftheCompany'sreductionofrepurchasedsharesthroughcentralizedauctiontrading | / |
NameofShareRepurchasePlan
| NameofShareRepurchasePlan | ShareRepurchasePlanviaCentralizedAuctionTrading |
| DisclosureDateofShareRepurchasePlan | June24,2024 |
| PlannedNumberofSharestobeRepurchasedandPercentageofTotalShareCapital(%) | 0.25—0.49 |
| PlannedRepurchaseAmount | 50,000,000—100,000,000 |
| PlannedRepurchasePeriod | June22,2024–September22,2024 |
| PurposeofRepurchase | Foremployeeshareholdingplanorequityincentive |
| NumberofSharesRepurchased(Shares) | 4,301,807 |
| PercentageofRepurchasedSharesRelativetotheTotalSharesintheEquityIncentivePlan(%)(ifapplicable) | / |
| ProgressoftheCompany'sreductionofrepurchasedsharesthroughcentralizedauctiontrading | / |
NingboRonbayNewEnergyTechnologyCo.,Ltd.
BoardofDirectors,April2025