On April 7, Ningbo Ronbay New Energy Technology Co.Ltd(688005) announced that the company expects to realize a net profit attributable to the owners of the parent company of 280 million yuan to 300 million yuan in the first quarter of 2022, with a year-on-year increase of 134% to 151%.
In addition, the company expects the net profit attributable to the owner of the parent company after deducting non recurring profits and losses to be RMB 283 million to RMB 300 million in the first quarter of 2022, which is expected to increase by RMB 193 million to RMB 213 million compared with the same period of the previous year (statutory disclosure data), with a year-on-year increase of 215% to 237%.
The announcement said that during the reporting period, the demand for orders maintained a rapid growth trend, the release of the company’s production capacity accelerated, and the utilization rate of production capacity remained at a high level; The company’s product structure has been gradually optimized, the profitability of products has been continuously improved, and the comprehensive cost competitiveness has been further improved; The double rise of production and sales volume has driven the scale effect, promoted the cost reduction and efficiency increase of manufacturing links, and the performance of the current period has increased significantly compared with the same period.
As of today’s close, Ningbo Ronbay New Energy Technology Co.Ltd(688005) fell 2.84% to 120.48 yuan.
