孚能科技业绩会：固态电池产业化提速 软包技术持续迭代

Core Viewpoint - Solid-state batteries represent the ultimate trend in the lithium battery industry, with the company focusing on the "soft package + stacking + ternary" route, establishing a solid foundation for research and industrialization of solid-state batteries [1] Financial Performance - The company reported a revenue of 4.353 billion yuan in the first half of the year, a year-on-year decrease of 37.58%, while the net profit attributable to shareholders was a loss of 162 million yuan, narrowing by 14.92% compared to the previous year [1] - Operating cash flow net amount increased significantly by 122.79% year-on-year, indicating improved cash flow conditions [2] Research and Development - The company maintained its commitment to "no reduction in technology investment," with R&D expenses accounting for 6.81% of revenue in the first half of the year [2] - The first generation of sulfide all-solid-state batteries has been sent for sampling, and the second generation has been developed, achieving an energy density of 500 Wh/kg, which is leading in the industry [3][4] Product Development and Market Expansion - The second generation of sulfide all-solid-state batteries is planned for launch in 2026, with a 25% increase in energy density compared to the first generation [3] - The company has established a diverse and high-quality customer ecosystem, with recognition from major clients including GAC, Dongfeng, and a leading eVTOL customer in the U.S. [4] Technological Advancements - The company introduced a 6C ultra-fast charging battery system solution, significantly improving heat dissipation efficiency by 4-5 times and achieving faster charging times compared to industry averages [5] - The company’s "soft package + solid-state" technology platform demonstrates strong adaptability across various scenarios, extending its customer base into high-end fields such as low-altitude economy and humanoid robots [6]