Core Viewpoint - The company, Kelu Electronics, is expected to turn a profit in the first half of 2025, driven by overseas energy storage orders and a significant increase in revenue from its energy storage business, which has become a key growth driver [1][3][4]. Financial Performance - Kelu Electronics anticipates a net profit attributable to shareholders of 175 million to 225 million yuan for the first half of 2025, recovering from a loss of 39.67 million yuan in the same period last year [1][3]. - The company reported a 16.2% year-on-year increase in revenue for Q1 2025, reaching 1.214 billion yuan, with a net profit increase of 857.45% to 67.45 million yuan [2][3]. Business Segments - The company's business includes smart grid, energy storage, comprehensive energy management and services, and property and other businesses [2]. - The energy storage business has grown significantly, with revenue increasing from 233 million yuan in 2021 to 1.456 billion yuan in 2024, representing a growth of over 5 times [4]. Market Expansion - Kelu Electronics has accelerated its overseas market expansion, securing a 800 MWh order for containerized battery energy storage systems in the U.S. and collaborating on 485 MWh projects in Colombia and Chile [5]. - The company is establishing a localized sales and project management team in Chile, anticipating a doubling of energy storage deployment in the country to over 1 GWh by 2025 [5]. Strategic Developments - The company launched its first commercial application of the Aqua C2.5 energy storage system, with the first batch of 350 MWh shipped to overseas markets [6]. - Following the acquisition by Midea Group, Kelu Electronics has initiated the construction of a 3 GWh energy storage base in Indonesia, with the first phase expected to be operational by Q1 2026 [6].
科陆电子2025上半年预盈超1.75亿 储能收入三年增5倍成新增长极