Rongjie Stock

Rongjie Co., Ltd. (formerly Luxiang Co., Ltd.) was established in 1998 and listed on the Shenzhen Stock Exchange on December 5, 2007 (stock code: 002192). Adhering to the corporate mission of "providing high-tech energy-saving and environmentally friendly materials for society, and creating value for shareholders, customers, and employees," the company is committed to becoming a high-tech leading enterprise in domestic new energy materials and optoelectronic display materials.
1. New Energy Materials Industry
The company's new energy materials industry is centered on the lithium industry chain, with the upstream being lithium ore mining and selection, midstream lithium salts and deep processing, and downstream applications branching into industries such as lithium batteries.
In September 2009, the company entered the lithium ore mining and selection business of the new energy lithium industry. Its wholly-owned subsidiary Rongda Lithium holds the mining right for the No. 134 vein of the Kangding Jiajika spodumene mine, with a mine reserve of 28.995 million tons. Rongda Lithium produces lithium concentrate through mining and beneficiation processes and sells it to downstream lithium salt plants for the production of lithium salts and deep-processed products.
In June 2014, the company entered the new energy lithium battery equipment manufacturing business. Its controlling subsidiary Dongguan Derui's main products include fully automatic formation machines, liquid injection machines, winding machines, packaging machines, vacuum machines, drying machines, automatic clamping machines, grouping machines, etc.
In July 2017, the company preliminarily completed its layout for the lithium business and deep processing. Its controlling sub-subsidiary Changhe Huali mainly engages in the production and sale of basic lithium salts such as lithium carbonate and lithium hydroxide, currently with a production and processing capacity of 3,000 tons / year of lithium carbonate.
In October 2017, the company completed its layout in the field of lithium-ion battery cathode materials. Its participating company Rongjie Metals' main product is cobalt tetroxide, mainly used to manufacture lithium-ion battery cathode materials, giving it a competitive advantage.
2. Optoelectronic Display Materials Industry
The company's optoelectronic display materials industry mainly includes smart electronic schoolbags, flexible electronic displays and modules.
Smart electronic schoolbags are part of the national digital education initiative; the end users are primary and secondary school students nationwide, and the product is still in the promotion and application stage. From materials to application, the smart electronic schoolbag is a systematic project. Flexible electronic displays and modules are upstream of electronic schoolbags, mainly involving three aspects: display materials, flexible substrates, and display technology.
In April 2015, the company began to venture into the field of smart technology electronic schoolbags; in September 2016, the company entered the flexible electronic display and module business, with its controlling subsidiary Rongjie Optoelectronics mainly responsible for the R&D, production, and sales of flexible electronic displays and modules.
Upholding the great vision of "becoming a high-tech leading enterprise in domestic new energy materials and optoelectronic display materials," Rongjie people continuously strive to enhance corporate value creation and sustainable development capabilities, to meet and exceed customer needs with high-quality products, achieving a virtuous cycle and leapfrog development.