Core Insights - The company reported a record high revenue of 2.942 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 37.95% [1] - The company has established itself as a global leader in portable energy storage and has a diversified product matrix, including portable solar storage products and rooftop solar solutions [1] - The company has a total of 2,248 patents globally, with 703 related to photovoltaic technology, reflecting a year-on-year growth of 44.35% [1] Revenue Growth - Revenue from the European market increased by 132.30% year-on-year, while North America saw a growth of 40.52%, and Asia (excluding China) experienced a 16.17% increase [2] - The company's direct-to-consumer (M2C) brand sales model has led to a 47.82% increase in revenue from its independent brand website, which now accounts for 28.79% of total revenue [2] Competitive Advantage - The company faces short-term profit pressures due to geopolitical factors and related policies but has built a differentiated competitive advantage through its M2C sales model [3] - The company is focusing on digital operations and refined channel management to enhance efficiency and reduce costs, leveraging AI tools for targeted advertising [3] - The company has established strong competitive barriers in the global consumer-grade photovoltaic storage market, with an expanding market share and scale [3]

Group 1: Impact of U.S. Tariffs - The latest tariff rate on the company's energy storage products is 40.9%, an increase of 30 percentage points from last year, impacting product costs and market competitiveness [3] - The company has developed a multi-layered strategy to mitigate tariff impacts, including preemptive stockpiling and gradual price adjustments to balance cost pressures with market demand [3] - Strengthening supply chain resilience and enhancing internal cost efficiency are key measures to offset the external cost increases due to tariffs [3] Group 2: Industry Competition and Market Outlook - The global consumer-grade energy storage market is experiencing accelerated growth, with household storage expected to see a compound annual growth rate of nearly 15% over the next three years [4] - The competitive landscape has shifted from price competition to a focus on technology iteration, precise consumer demand targeting, and operational efficiency across the value chain [4] Group 3: Product Development and Sales Performance - The company holds 1,939 patents, with 661 related to photovoltaic technology, ensuring product safety and competitive advantage [5] - The Jackery 5000 Plus, launched in November 2024, is positioned as a new off-grid home storage solution, showing strong sales growth in the U.S. market [10] - In the first half of 2025, the company achieved a 106.42% year-on-year revenue growth in the European market, driven by effective channel strategies and product alignment with local demand [8] Group 4: Future Growth Strategies - The company aims to solidify its leading position in portable energy storage by 2025 and prepare for rapid growth in consumer-grade energy storage from 2026 to 2028 [7] - Investment and acquisition strategies will focus on enhancing core business capabilities while seeking synergistic opportunities in the energy storage sector [11] - The company plans to explore the potential of portable and household storage products to meet diverse consumer needs, with a high functional overlap of 80% to 90% between the two product categories [12]