Signed an order, more than all the company's revenue in the past nine years combined?
On January 13, Rongbai Technologies launched a huge purchase agreement to shake the market, announcing the signing of a cooperation agreement with Ningde Times on the purchase of lithium iron phosphate cathode materials from the first quarter of 2026 to 2031. Rongbai Technologies expects to supply about 3.05 million tons of lithium iron phosphate cathode materials to Ningde Times, with a total sales amount of more than 120 billion yuan. It is the largest single purchase agreement in the history of the industry.
However, in the evening, the Shanghai Stock Exchange quickly issued a letter of inquiry, pointing out three major doubts about the agreement: the accuracy of information disclosure, the company's actual performance ability, and the key deficiencies in the content of the agreement. Is the
request to explain 100 billion orders or 100 billion frameworks?
On January 14, Rongbai Science and Technology Stock was suspended urgently. However, the stock will continue to be suspended on the 15th because Rongbai Science and Technology failed to answer the inquiry as scheduled on the 14th.
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