Core Viewpoint - The company reported a significant increase in revenue and profit for the first half of 2025, driven by strong performance in both power battery and energy storage system products [2][3]. Revenue Summary - Total revenue reached 16.42 billion RMB, a year-on-year increase of 31.68% - Gross margin improved to 17.5%, up by 1.9% - Net profit for the period was 753 million RMB, reflecting a year-on-year growth of 80.44% [2][3][4]. Product Breakdown - Revenue from power batteries was 10.66 billion RMB, a growth of 9.7% - Revenue from energy storage systems and other products surged to 5.76 billion RMB, marking a 109.7% increase [3][4]. Market Performance - The company achieved substantial growth in shipment volume and operational efficiency in energy storage projects - It successfully entered the supplier lists of major developers and grid companies in Latin America and South Africa, marking a breakthrough in overseas business [10][11]. Strategic Collaborations - The company deepened strategic partnerships with major state-owned enterprises and energy groups, leading to multiple energy storage projects being operationalized [10]. - Collaborations with system integrators and leading companies in wind and solar energy sectors have been established, enhancing market share and recognition [10]. Product Innovations - The company launched advanced energy storage products, including a 314Ah battery cell with a lifespan of 15,000 cycles and a new generation 600Ah cell with high energy density [6][7]. - The commercial energy storage solutions have been deployed in various applications, including enterprises, parks, and data centers, with successful market penetration in Europe and the US [8][9]. International Expansion - The company has achieved significant breakthroughs in international markets, covering residential, commercial, and large-scale energy storage needs [11]. - It has secured orders for long-cycle energy storage batteries from overseas clients, further solidifying its market position [11].

2025年上半年，中创新航收入164.19亿元，同比增长31.68%；股东应占溢利4.66亿元，同比增长 87.14%。 动力电池装车量同比增长22.7%，位列全球第四、国内第三。储能电芯出货量大幅增长，全球排名第 四。在乘用车市场，国内市占率屡创新高，并成功进入全球前三大车企集团。商用车市场表现强劲，上 半年国内装车量同比增长310%，新车型公告数量大幅增加。储能业务在国内外均取得突破，成功配套 多个大型电站项目。公司在混合动力船舶、eVTOL动力电池、固态电池以及轨道交通等领域均实现了 业务拓展和技术进展。 ...

Group 1: Financial Performance - The company reported a revenue increase of 31.7% year-on-year, reaching RMB 16.419 billion for the six months ending June 30, 2025 [1] - Profit for the period grew by 80.4% year-on-year to RMB 750 million [1] - Basic earnings per share increased by 87.1% to RMB 0.2629 for the six months ending June 30, 2025 [1] Group 2: Technological Advancements - The company achieved significant technological breakthroughs in advanced materials, high-performance battery technology, new battery technology, advanced manufacturing technology, and battery lifecycle management [1] - Focused on solid-state battery technology, the company developed high-performance solid electrolytes, achieving an energy density of 430 Wh/kg for solid-state silicon-based batteries [1] - Completed the construction of a production line for solid-state batteries, laying a crucial foundation for future R&D and industrialization [1] Group 3: Intellectual Property and Innovation - The company emphasizes high-quality development of intellectual property, integrating it with a strategy focused on product and technology leadership [1] - A robust patent portfolio has been established, covering the entire battery industry chain, including battery materials, structures, system integration, electrical circuits, BMS, manufacturing processes, and battery recycling [1] - As of June 30, 2025, the company has filed a total of 4,983 global patent applications [1] Group 4: Market Position - The company achieved a record high market share in the domestic passenger car market, reaching 7.4% in June 2025 and 8.25% in July 2025 [2] - Successfully entered partnerships with the top three global automotive groups and secured multiple international OEM next-generation platform projects, accelerating global market expansion [2]

Group 1 - The company reported a revenue of 16.419 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 31.68% [1] - The profit attributable to shareholders reached 466 million RMB, an increase of 87.14% year-on-year, with basic earnings per share at 0.2629 RMB [1] - The company achieved a battery installation volume of 21.8 GWh in the first half of 2025, a year-on-year growth of 22.7%, ranking fourth globally and third domestically [1] Group 2 - In the passenger vehicle market, the company's market share reached a record high, with a monthly market share of 7.4% in June 2025 and 8.25% in July 2025 [1] - The company successfully entered partnerships with the top three global automotive groups and accelerated its global market layout through multiple next-generation platform projects [1] - In the commercial vehicle market, the company saw a 310% year-on-year increase in domestic installation volume, with monthly commercial vehicle installations ranking among the top three in the industry [1] Group 3 - The company experienced significant growth in energy storage cell shipments, ranking fourth globally [1] - The company achieved domestic leadership in power station operation efficiency and revenue, with successful overseas projects in Latin America and South Africa [2] - The company delivered the first hybrid vessel project for the world's largest oil company and secured international orders for megawatt-level marine battery systems [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CALB Group Co., Ltd. 中創新航科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3931） 截至2025年6月30日止六個月之中期業績公告 中創新航科技集團股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣 布本公司及其附屬公司（統稱「本集團」、「中創新航」或「我們」）截至2025年6月30 日止六個月（「報告期」）的未經審計簡明合併中期業績，連同截至2024年6月30日 止六個月的業績比較數字，如下文所示： 財務摘要 本集團收入由截至2024年6月30日止六個月的人民幣12,469.24百萬元增長31.7% 至截至2025年6月30日止六個月的人民幣16,418.88百萬元。 本集團期內利潤由截至2024年6月30日止六個月的人民幣417.31百萬元增長 80.4%至截至2025年6月30日止六個月的人民幣752.99百萬元。 本集團基本每 ...

Core Viewpoint - The establishment of a joint venture between Zhongchuang Xinhang and Leap Motor focuses on the production and sales of lithium-ion power batteries for electric vehicles, indicating a strategic collaboration in the growing EV market [1][2]. Group 1: Company Overview - Leap Motor, founded in 2015, specializes in smart electric passenger vehicles and vehicle networking solutions. In the first half of this year, it delivered 221,664 vehicles, a year-on-year increase of 155.7%, making it the top seller among new forces in China [4]. - Leap Motor achieved revenue of 24.25 billion yuan, a 174% year-on-year growth, with a gross margin of 14.1%, marking its first positive net profit for a half-year period [5]. - Zhongchuang Xinhang, also established in 2015, focuses on power batteries and energy storage systems, ranking third in domestic installation volume with 24.15 GWh from January to July 2025, and fourth globally with 21.8 GWh in the first half of the year, holding a market share of approximately 4.3% [5]. Group 2: Market Context - The joint venture is part of a broader trend in the electric vehicle industry, where companies are increasingly collaborating to enhance their technological capabilities and market presence [1][2].

Core Viewpoint - The article highlights the significant developments in the sodium battery industry, emphasizing the upcoming GWH-level production and the establishment of new companies in the sector [3][5]. Company Developments - Zhongling New Energy Technology (Zhejiang) Co., Ltd. was established on August 25, with a registered capital of 1 billion yuan, focusing on battery manufacturing and sales [3]. - The company is jointly owned by Leap Motor (09863.HK) and Zhongchuang Xinhang (03931.HK), with the latter two holding 51% and 49% of the joint venture, respectively [4][5]. Financial Performance - Leap Motor reported a revenue of 24.25 billion yuan for the first half of 2025, marking a 174% year-on-year increase, with a gross margin of 14.1%, up 13% from the previous year [6]. - The company achieved a net profit for the first time in its history, becoming the second Chinese new car manufacturer to report a positive half-year profit [5][6]. - Leap Motor delivered 221,664 vehicles in the first half of 2025, a 155.7% increase compared to the same period in 2024, leading the sales among new energy vehicle brands in China [6].

Group 1: BYD's Export Achievement - BYD's Thailand factory has successfully exported over 900 electric vehicles to Europe, marking a significant milestone in its global strategy [1] - The export destinations include the UK, Germany, and Belgium, enhancing investor confidence in BYD's overseas production capacity and supply chain capabilities [1] - This development reflects the increasing recognition of Chinese manufacturing in the electric vehicle sector, injecting international growth momentum into the A-share new energy sector [1] Group 2: BMW's Localized Smart Transformation - BMW Group announced the introduction of the "Night Package" for its X family models at the Chengdu Auto Show, including the BMW X1, X3 long-wheelbase version, and X5 [2] - The upcoming models will feature the BMW Intelligent Personal Assistant with the new DeepSeek function, highlighting the brand's acceleration towards localization and smart technology [2] - This upgrade is expected to enhance the appeal of the X1, X3, and X5 series, strengthening BMW's competitive edge in the high-end SUV market [2] Group 3: Leap Motor and Zhongxin Innovation Partnership - Leap Motor and Zhongxin Innovation have jointly established a new energy company, Zhongling New Energy Technology (Zhejiang) Co., Ltd., with a registered capital of 1 billion yuan [3] - The new company will focus on new materials technology research, battery manufacturing, and sales, as well as the sales of new energy vehicle battery swap facilities [3] - This collaboration is anticipated to drive technological innovation and market expansion in the new energy sector, positively influencing investment enthusiasm and confidence in the market [3] Group 4: China's Charging Network and Renewable Energy Development - China has built the world's largest electric vehicle charging network during the 14th Five-Year Plan, achieving a ratio of 2 charging piles for every 5 vehicles [4] - The country has also established the largest and fastest-growing renewable energy system globally, with the share of renewable energy generation capacity increasing from 40% to approximately 60% [4] - These advancements are expected to benefit the new energy industry chain, particularly charging facility manufacturing and operation companies, enhancing market confidence in related technologies and services [4]

Group 1 - BYD's Thailand factory has exported over 900 electric vehicles to Europe, marking a significant breakthrough in its global strategy [1] - This development enhances investor confidence in BYD's overseas production capacity and supply chain capabilities, solidifying its international image in the new energy vehicle sector [1] - The export reflects the increasing recognition of Chinese manufacturing technology in the electric vehicle field, injecting international development momentum into the A-share new energy sector [1] Group 2 - BMW Group announced the introduction of the "Night Package" for its X family models at the Chengdu Auto Show, including the BMW X1, X3 long-wheelbase version, and X5 [2] - The integration of the DeepSeek AI feature into the BMW intelligent personal assistant is expected to enhance the appeal of the X1, X3, and X5 series, strengthening the brand's competitive edge in the high-end SUV market [2] - This move highlights the acceleration of traditional luxury brands towards localization and digital transformation in response to the growing digital demands of the Chinese market [2] Group 3 - Leap Motor and Zhongchuang Innovation have jointly established a new energy company with a registered capital of 1 billion yuan, focusing on new materials, battery manufacturing, and electric vehicle charging facilities [3] - The partnership reflects a deep collaboration in the new energy sector, emphasizing the importance of electric infrastructure [3] - This initiative is expected to drive technological innovation and market expansion, positively influencing investment enthusiasm and confidence in the new energy industry [3] Group 4 - China has built the world's largest electric vehicle charging network during the 14th Five-Year Plan, with a ratio of two charging piles for every five vehicles [4] - The country has also established the largest and fastest-growing renewable energy system globally, with the share of renewable energy generation capacity increasing from 40% to approximately 60% [4] - These advancements are beneficial for the new energy industry chain, particularly for charging facility manufacturing and operation companies, enhancing market confidence in related technologies and services [4]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the full circulation of unlisted shares of Zhongchuang Xinhang Technology Group Co., Ltd., allowing 13 shareholders to convert a total of 149,831,290 shares for listing on the Hong Kong Stock Exchange [1] - Zhongchuang Xinhang expects a net profit of approximately RMB 7.09 billion to RMB 7.93 billion for the half-year ending June 30, 2025, representing an increase of about 70% to 90% compared to the same period last year, where the net profit was approximately RMB 4.17 billion [3] - The significant profit increase is attributed to the scaling up of leading technology products in various sectors including passenger vehicles, commercial vehicles, energy storage, and shipping [3] Group 2 - The GOVY AirCab, equipped with Zhongchuang Xinhang's high-energy flight-specific battery, was officially launched in June, receiving over a thousand intent orders and successfully delivering prototypes in July [3] - The battery features a high energy density exceeding 300Wh/kg and is designed for fast charging scenarios, while the second-generation semi-solid large cylindrical battery can reach an energy density of 350Wh/kg, positioning the company as a leader in aviation battery technology [3] - The GOVY AirCab is currently undergoing airworthiness certification, with plans for certification and mass production in the second half of 2026, marking 2027 as the year for low-altitude manned flight [3] Group 3 - The list of shareholders and the number of shares they are converting to full circulation includes notable entities such as Guangdong Guangqi Rui Electric Equity Investment Partnership and Hubei Xiaomi Yangtze River Industry Fund Partnership, among others, totaling 149,831,290 shares [4][5]