Chang Jiang Shang Bao·2025-11-14 00:06Core Viewpoint - The strategic cooperation agreement between Haibosichuang and CATL aims to enhance supply chain stability and strengthen the competitive position of Haibosichuang in the energy storage industry through a long-term partnership [1][3][4]. Group 1: Strategic Cooperation - Haibosichuang signed a 10-year strategic cooperation agreement with CATL, committing to a minimum procurement of 200 GWh of electricity from 2026 to 2028 [1][3]. - The agreement focuses on core business collaboration and innovation in business models, with Haibosichuang prioritizing the purchase of battery and system products from CATL [3][4]. - Both companies will explore multi-dimensional cooperation, including establishing an energy storage project industry fund and enhancing supply chain efficiency [3][4]. Group 2: Market Impact - Following the announcement of the cooperation, Haibosichuang's stock price surged by 20% on November 13, reflecting strong market sentiment [2][5]. - Since its listing in January 2025, Haibosichuang's stock has increased over 18 times, closing at 378.16 yuan per share [2][5]. Group 3: Financial Performance - Haibosichuang reported significant revenue growth, with a 52.23% year-on-year increase in revenue to 79.13 billion yuan in the first three quarters of 2025 [7]. - The company achieved a net profit of 6.23 billion yuan, marking a 98.65% increase year-on-year, with the third quarter showing a revenue growth of 124.42% [7]. - The company's R&D investment has been increasing, with expenditures rising from 0.94 billion yuan in 2022 to 2.24 billion yuan in the first three quarters of 2025 [7]. Group 4: Industry Position - Haibosichuang ranks among the top three global energy storage integrators for newly installed capacity in 2023, holding the second position in power scale and third in energy scale [6]. - The company is recognized as the leading player in the domestic market based on cumulative installed capacity and contracted projects [6].