On October 20th, Ronbay Technology released the minutes of the third quarter performance investor communication. The company stated that due to continuous investment in new technologies such as lithium iron phosphate, sodium batteries, manganese iron lithium, and solid-state electrolytes, the company's profits were temporarily under pressure. However, in the first three quarters of this year, the company's R&D investment was 327 million yuan, a year-on-year increase of 4.73%, accounting for 3.64% of revenue, an increase of 0.88 percentage points year-on-year. Subsequently, as emerging businesses gradually take off, the company's performance will gradually improve