Rongjie's net profit increased by 625.96% in the first three quarters compared with the same period last year, mainly due to revenue growth of lithium salt and lithium power equipment.

Around October 22, Rongjie shares (002192.SZ) announced that the company's operating income in the first three quarters of 2021 was 545 million yuan, an increase of 187.50% over the same period last year; the net profit belonging to shareholders of listed companies was 27.082 million yuan, up 625.96% from the same period last year; the net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 24.0631 million yuan, up 7494.37% from the same period last year; and basic earnings per share was 0.1043 yuan per share.

During the reporting period, the increase in operating income over the same period last year was mainly due to the increase in revenue from the company's lithium salt and lithium equipment business; the increase in net profit belonging to the owner of the parent company over the same period last year was mainly due to the impact of the national macro policy of "carbon neutralization", the prosperity of the new energy industry continued to improve, the price of upstream products in the lithium battery industry rose sharply, and the demand for power battery equipment also increased significantly. The rise in the price of lithium battery materials and the increased demand for lithium equipment have had a positive impact on the company's business performance in lithium mining, lithium salt and deep processing, and lithium equipment business.