VEKEN TECHNOLOGY(SH:600152) Zheng Quan Shi Bao Wang·2025-08-26 15:28Core Viewpoint - The company, Weike Technology, reported a total revenue of 638 million yuan and a net profit of -39.15 million yuan for the first half of 2025, focusing on the development and manufacturing of sodium-ion batteries and energy storage solutions [2]. Group 1: Business Structure and Collaboration - Weike Technology has established a multi-business structure focusing on "consumer electronics + sodium-ion batteries + energy storage," promoting collaborative development across different sectors [3]. - In the consumer electronics sector, the company has a diverse product range including smartphones, laptops, power banks, smart home devices, drones, and wearables, with strong partnerships with major clients like Transsion, TCL, and ZTE [3]. - The small power and energy storage sectors are identified as growth areas, with ongoing collaborations in commercial energy storage and customized sodium-ion storage solutions [3]. Group 2: Sodium-ion Battery Capacity and Orders - The company has built two fully automated sodium-ion battery production lines in Nanchang, with an annual capacity of 2 GWh, positioning itself among the top five in the domestic industry [4]. - As of 2025, the company has approximately 100 MWh of sodium-ion battery storage project orders, primarily from domestic energy groups, and has over 600 MWh of orders in reserve for gradual implementation from 2025 to 2026 [4]. - The company's sodium-ion products have received multiple awards for their performance in energy density, cycle life, and safety [4]. Group 3: R&D Investment and Future Prospects - In the first half of 2025, Weike Technology's R&D expense ratio reached 9.13%, the highest since 2018, supporting technological breakthroughs and product iterations [5]. - The company is optimizing processes and costs in the lithium battery sector, focusing on key clients such as Xiaomi and Samsung to reduce BOM costs through design optimization [5]. - The energy storage battery business is in its early stages, with expectations for cost reduction and improved gross margins as technology matures and market scale expands [6].