储能营收首超智能电网！科陆电子净利暴增579%

Core Viewpoint - The company has shown significant growth in its energy storage business, surpassing its smart grid revenue for the first time, indicating a strategic shift in focus towards energy storage solutions [4][5]. Financial Performance - In the first half of 2025, the company achieved a revenue of 2.573 billion yuan, a year-on-year increase of 34.66% [7]. - The net profit attributable to shareholders was 190 million yuan, a remarkable turnaround from a loss of 39.67 million yuan in the same period last year, reflecting a growth of 579.14% [2][7]. - The energy storage business generated 1.282 billion yuan in revenue, a staggering increase of 177.15%, accounting for 49.83% of total revenue, surpassing the smart grid business for the first time [4][5]. - The smart grid business reported a revenue of 1.254 billion yuan, a decline of 9.17%, with a revenue share of 48.74% [5]. Regional Performance - The company's domestic and international revenues were nearly equal, with international revenue accounting for 49.78%, showing a year-on-year growth of 126.84% [6][7]. - Domestic revenue was 1.293 billion yuan, down 4% from the previous year [7]. Market Strategy - The company is focusing on strategic partnerships with state-owned enterprises in the domestic market while expanding its presence in international markets, particularly in the Americas and Europe [10][11]. - It is also targeting the Asia-Pacific and Middle East markets through localized teams and partnerships to enhance market penetration [11]. Production Capacity and Innovation - The company is constructing a 3GWh energy storage production facility in Indonesia, expected to be operational by 2026, to strengthen its overseas strategic layout [12]. - All core control units of the energy storage systems are self-developed, showcasing the company's capability in providing comprehensive solutions [13]. - New product innovations include the Aqua-EX integrated solar storage cabinet and the AquaE series commercial storage products, enhancing performance and reducing operational costs [14].