RongBa Technology's net profit increased significantly in the third quarter, with outstanding overseas sales performance

According to the third quarter report of 2024 released by Ningbo Rongbai New Energy Technology Co., Ltd., the total sales volume of Rongbai Technology's main business products reached 36,400 tons, of which the sales volume of ternary materials exceeded 35,000 tons, a year-on-year increase of 27% and a month-on-month increase of 33%. The company's global ternary market share reached 14.4%, an increase of 4 percentage points from the second quarter. In addition, Rongbai Technology's overseas customer sales were close to 15,000 tons, a year-on-year increase of more than 500%. Sales of ultra-high nickel products above 9 series exceeded 20,000 tons, a year-on-year increase of more than 250%. Thanks to overseas customers and the development and promotion of new products, Rongbai Technology achieved a net profit of 122.67 million yuan in the third quarter, a month-on-month increase of 102%.