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Rongjie shares are expected to lose 3.5 million yuan-5 million yuan in the first quarter
Apr 15,2020 13:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

April 14, Rongjie shares announced the first quarter of 2020 results forecast, January 1, 2020 to March 31, 2020 expected loss of 3.5 million yuan-5 million yuan, a loss of 16.8711 million yuan in the same period last year.

Rongjie shares, due to the impact of the epidemic, the company's subsidiaries Ganzi Zhou Rongda Lithium Industry Co., Ltd., Sichuan Changhe Huali Lithium Technology Co., Ltd. and Dongguan Derui Precision equipment Co., Ltd., the production and marketing of products did not meet expectations, and there was a loss in operation, but the amount of loss in the first quarter of the company was reduced compared with the same period last year because of the significant reduction in the impact of equity participation on the company's investment losses during the reporting period compared with the same period last year.

Rongjie shares are mainly engaged in the development of new energy materials industry related business. New energy materials business to lithium materials industry chain as the main body, including lithium mining and separation, lithium salt and deep processing, nickel cobalt lithium wet smelting and deep processing, lithium battery cathode materials, lithium electrical equipment and other business plates.

Cobalt lithium
new energy

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