万润新能：出货量激增90.23%居全球第二 经营质效连续三个季度改善

Core Viewpoint - The company, Wanrun New Energy, reported significant growth in revenue and shipments in the first half of 2025, despite a competitive landscape in the new energy sector [1][2]. Group 1: Financial Performance - In the first half of 2025, the company's revenue reached 4.436 billion yuan, marking a year-on-year increase of 50.49% [1][2]. - The cumulative shipment of lithium iron phosphate reached 148,300 tons, representing a year-on-year growth of 90.23%, securing the second position globally in terms of shipment volume [1][2]. - The company has seen a substantial reduction in losses compared to previous periods, indicating improved operational efficiency [2]. Group 2: Market Strategy and Operations - The company has actively pursued market development strategies, securing significant contracts, including a major deal with Ningde, which is expected to contribute over 200,000 tons in annual sales [2]. - Continuous improvements in operational efficiency have been achieved through cost reduction, supply chain optimization, and enhanced customer payment collection [2]. Group 3: Research and Development - The company has maintained a strong focus on R&D, applying for 38 domestic and 81 international patents during the reporting period, and has received 11 domestic and 6 international patents [3]. - Progress has been made in the industrialization of new products, including solid-state battery materials and sodium-ion battery materials, with several prototypes undergoing customer testing [3]. - The company has developed a high-capacity lithium-rich iron lithium supplement that is currently in the customer validation phase, aimed at improving the performance of lithium iron phosphate battery systems [3].