BEIJING, Aug. 16 (Xinhua) -- Ningbo Ronbay Lithium Battery Material Co., Ltd., listed on the country's newly launched sci-tech innovation board (STAR), reported a 2.92-percent rise in net profit in the first half of the year.
The company made 115 million yuan (about 16.4 million U.S. dollars) of net profit in the first six months, with business revenue surging 45 percent to 1.95 billion yuan.
This is the first semi-annual report by companies listed on the STAR, China's latest Nasdaq-style high-tech board that started trading on the Shanghai Stock Exchange on July 22.
Aiming to fully unleash China's science and technology innovation potential and contribute to enhancing the country's innovation capabilities, the new board is China's latest reform attempt to make the A-share market more market-orientated and law-based.
Ronbay Technology is a high-tech new energy material enterprise specializing in the research and business of positive electrode material of lithium batteries.
