根据1月9日公告，瑞浦兰钧计划投资建设的印尼电池制造基地，第一期规划产能为年产8GWh动 力与储能电池及系统以及电池组件。 据不完全统计，2023年至今，瑞浦兰钧已先后与Powin、SUNPIN SOLAR、VENA ENERGY、 Energy Vault等海外巨头签订总规模40GWh左右的订单。 在港股，声势最猛，影响力最大的锂电双雄中创新航 (3931.HK) 和瑞浦兰钧 (0666.HK) 近乎同一 时间披露了2024年财报。 24潮产业研究院 (TTIR) 分别从市值、创收、国际化、盈利、研发、资本、负债、员工与效率等 多个维度进行了数据对比，巨头间竞争实力与压力，以及发展趋势一目了然。 其中，在整体创收方面，中创新航处于明显的领先地位：2024年中创新航实现营业收入277.52亿 元 ， 是 瑞 浦 兰 钧 的 1.56 倍 ； 但 从 成 长 速 度 看 ， 瑞 浦 兰 钧 则 更 胜 一 筹 ， 2024 年 期 营 收 增 幅 为 29.30%，远高于中创新航的2.76%。 我们进一步分析数据发现，两巨头市场拓展策略及方向发现了明显的变化，瑞浦兰钧正在加速进 击动力电池领域，而中创新航则持续 ...

Core Viewpoint - The article compares the financial performance and strategic directions of two leading companies in the lithium battery sector, Contemporary Amperex Technology Co., Limited (CATL) and Ruipu Lanjun, highlighting their revenue, growth rates, profitability, R&D investments, and international expansion efforts [1][2][4]. Revenue and Growth - In terms of overall revenue, CATL achieved 27.752 billion yuan in 2024, which is 1.56 times that of Ruipu Lanjun's 17.796 billion yuan. However, Ruipu Lanjun outperformed CATL in growth rate, with a revenue increase of 29.30% compared to CATL's 2.76% [1][5]. - CATL's revenue from energy storage products grew by 72.40%, while Ruipu Lanjun's revenue from power battery products increased by 73.84% [1][5]. Profitability - CATL's comprehensive gross profit margin was 15.89%, significantly higher than Ruipu Lanjun's 4.14%. In 2024, Ruipu Lanjun reported a net loss of 1.163 billion yuan, while CATL made a profit of 632 million yuan [2][6]. Research and Development - CATL's R&D expenditure reached 1.418 billion yuan in 2024, a year-on-year increase of 42.94%, which is 82.03% higher than Ruipu Lanjun's 779 million yuan, which saw a decline [2][6]. - Ruipu Lanjun had 1,249 R&D personnel in 2024, a decrease of 34.88% from the previous year [2]. International Expansion - Ruipu Lanjun's overseas revenue was 2.663 billion yuan in 2024, a remarkable increase of 153.41%, while CATL's overseas revenue decreased by 1.98% to 640 million yuan [2][6]. - Ruipu Lanjun has established subsidiaries in the U.S., Germany, and Southeast Asia, with plans for battery manufacturing bases in these regions [2][3]. Future Outlook - Ruipu Lanjun aims to achieve over 150 GWh of battery production capacity by the end of 2025, while CATL plans to exceed 500 GWh by 2025 and reach 1 TWh by 2030 [4]. - As of December 2024, Ruipu Lanjun's net asset value was 1.214 billion yuan, down 80.89%, while CATL's net asset value was -8.066 billion yuan, reflecting a significant capital shortfall [4][7]. Market Dynamics - The article notes that the lithium battery industry is facing a significant downturn, with 63 listed companies in the energy storage sector expected to report a net profit decline of 59.41% to 42.44% in 2024 [8]. - The competitive landscape is shifting, with over 700 major manufacturing projects announced in the past two and a half years, indicating a potential oversupply in the market [8][10].