--- title: "Ronbay Jumps After Chinese Watchdog Fines Battery Materials Firm, Executives USD1.3 Million" type: "News" locale: "en" url: "https://longbridge.com/en/news/275298410.md" description: "Shares of Ronbay New Energy Technology rose 7.2% to CNY32.22 after Chinese regulators fined the company and its executives USD1.3 million for misleading information regarding a contract with Contemporary Amperex Technology. The China Securities Regulatory Commission found that Ronbay's announcement about the contract's value was misleading, leading to fines of CNY4.5 million for the company and additional fines for its chairman and board secretary. The investigation raised concerns about Ronbay's capacity to supply lithium-iron phosphate cathodes, as it only entered this market last year." datetime: "2026-02-09T09:59:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275298410.md) - [en](https://longbridge.com/en/news/275298410.md) - [zh-HK](https://longbridge.com/zh-HK/news/275298410.md) --- # Ronbay Jumps After Chinese Watchdog Fines Battery Materials Firm, Executives USD1.3 Million (Yicai) Feb. 9 -- Shares of Ronbay New Energy Technology rose after Chinese regulators fined the battery materials producer and its executives CNY9 million (USD1.3 million) for publishing misleading information last month about the value of a contract to supply Contemporary Amperex Technology with lithium-iron phosphate cathode. Ronbay \[SHA: 688005\] closed up 7.2 percent at CNY32.22 (USD4.65) per share in Shanghai today amid a broad Chinese stock market advance, with the SSE Star Market Composite Index closing 2.5 percent higher. The stock plunged more than 11 percent on Jan. 19, the day after the Yuyao-based company said it was under investigation by the China Securities Regulatory Commission on suspicion of misleading investors about the value of the CATL deal. The CSRC determined that Ronbay's announcement on Jan. 13 regarding the supply agreement with CATL was misleading, the firm said late on Feb. 6. The investigation found that the announcement did not make clear that the CNY120 billion (USD17.3 billion) cited was Rongbai’s own estimate of the deal’s value and that amount did not appear in the signed contract. Moreover, the agreement said the expected procurement volume would be no less than 70 percent of the forecast 3.05 million tons and also stated that actual supply volumes would be determined by annual or individual purchase contracts. But Ronbay’s announcement simplified this into a fixed and definitive commitment of 3.05 million tons, the CSRC said. As a result, the regulator decided to issue warnings and impose fines on Ronbay and its senior executives. The company was fined CNY4.5 million, Chairman Bai Houshan was fined CNY3 million, and Board Secretary Yu Jiyun, who was responsible for the announcement, was fined CNY2 million. Ronbay's lithium battery cathode business has historically focused on ternary lithium battery cathode materials, and it only ventured into the LFP cathode segment last year. This raised regulatory and market concerns about whether its capacity to supply LFP cathode could meet the stipulated 3.05 million tons in five years, prompting the CSRC to initiate the probe. Editor: Futura Costaglione ### Related Stocks - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [688005.CN](https://longbridge.com/en/quote/688005.CN.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) ## Related News & Research - [CATL launches new battery module assembly line in Debrecen](https://longbridge.com/en/news/286229717.md) - [EVN Macedonia puts BESS of 10 MW into operation at its solar park](https://longbridge.com/en/news/286582695.md) - [Key facts: Reliance-CATL talks on batteries; ₹131.58cr LOI Jamnagar G+12](https://longbridge.com/en/news/286842723.md) - [CATL, Yutong deepen ties to accelerate global commercial EV expansion](https://longbridge.com/en/news/286231333.md) - [Jiangsu Lopal Tech Raises RMB440 Million via Connected Subsidiary Capital Increase](https://longbridge.com/en/news/285966652.md)