Great Power(SZ:300438) Chang Jiang Shang Bao·2026-02-03 00:25Core Viewpoint - Penghui Energy is moving towards global expansion after achieving profitability, with plans to list H-shares on the Hong Kong Stock Exchange to enhance its international competitiveness and financing capabilities [1][2][3]. Financial Performance - In 2025, Penghui Energy expects to achieve a net profit attributable to shareholders of between 170 million and 230 million yuan, recovering from a loss of 252 million yuan in the previous year [1][5]. - The company reported a revenue of 7.961 billion yuan in 2024, a year-on-year increase of 14.83%, despite a previous loss of 25.2 million yuan [4]. - For the first half of 2025, revenue reached 4.301 billion yuan, up 13.99% year-on-year, while the net profit attributable to shareholders was a loss of 88.23 million yuan [5]. - In Q3 2025, the company achieved a revenue of 3.280 billion yuan, a significant year-on-year increase of 74.96%, with a net profit of 203 million yuan, marking a 977.24% increase [5]. Market Position - Penghui Energy holds a 3.6% market share in the global battery market, ranking ninth in terms of shipment volume for energy storage batteries in 2024 [3]. - The company is the global leader in portable energy storage batteries and ranks third in household energy storage batteries based on shipment volume for 2024 [3]. Global Expansion Strategy - The company has established branches in nine key energy storage markets, including the USA, Germany, Japan, Singapore, Indonesia, India, Turkey, Spain, and Chile, to provide localized support for global customers [1][7]. - Penghui Energy is implementing a dual-track strategy for its large-scale energy storage business, focusing on partnerships with leading energy storage integrators and seizing opportunities in renewable energy and power auxiliary services [8]. Production and Technology - The company has achieved a 95% automation rate in energy storage cell production and has established a network of nine production bases globally, enhancing its manufacturing capabilities [7]. - Penghui Energy is committed to integrating research, production, and service across its value chain to respond efficiently to market demands [7].