Core Viewpoint - The article highlights the significant achievement of Haicheng Energy, which ranked second in both global energy storage battery shipments and electric power storage shipments in the first half of 2025, showcasing its competitive edge in the global market through technological innovation and globalization strategies [2][3]. Group 1: Market Performance - Haicheng Energy's rise to the second position in global energy storage battery and electric power storage shipments reflects its capabilities in customized solutions and successful global business expansion [3]. - The global energy storage cell shipment scale reached 240.21 GWh in the first half of 2025, marking a year-on-year increase of 106.1%, with the second quarter alone achieving a record high of 136.78 GWh [2]. Group 2: Technological Innovation - Haicheng Energy has established a comprehensive capability covering material systems, product development, system integration, and full-site services, providing multi-scenario energy storage solutions globally [3]. - The company has made significant technological advancements, including the launch of the industry’s first 1,000Ah long-duration energy storage battery (now iterated to ∞Cell 1175Ah) and a 6.25MWh system, targeting long-duration storage scenarios of over 4 hours [6]. Group 3: Global Reach and Applications - Haicheng Energy's customized solutions have been validated in various environments, becoming key partners in numerous benchmark projects, including large-scale clean energy bases and international projects in North America and Europe [5]. - The company's products and solutions are now present in over 20 countries and regions, including China, the United States, and Europe [5]. Group 4: Future Strategy - Moving forward, Haicheng Energy aims to focus on the energy storage sector, driven by technological innovation and global layout strategies, continuously iterating products and solutions to meet diverse market demands [7].

Core Insights - The energy storage industry is transitioning from a homogeneous price competition to a value competition, with product differentiation becoming a strategic pivot for companies [1] - Haicheng Energy Storage has emerged as a leader in the energy storage battery sector, showcasing strong competitiveness through continuous R&D investment and the establishment of technical barriers [1] Company Overview - Since its establishment in 2019, Haicheng Energy Storage has adhered to an innovation-driven core value, focusing on key technologies and application innovations in energy storage [1] - The company has established four research institutes and assembled a R&D team of over 1,100 people, aiming to explore low-cost, high-safety, long-life, and high-efficiency energy storage battery potentials [1] Technological Innovations - Haicheng Energy Storage has developed several industry-leading products, including the 280Ah, 314Ah, ∞Cell 587Ah, ∞Cell 1175Ah long-duration energy storage batteries, and the ∞Cell N162Ah sodium-ion battery [1][2] - The company was among the first to apply the 280Ah battery in large-scale energy storage projects and has successfully mass-produced the 314Ah battery for overseas projects [2] Strategic Positioning - The company has accurately predicted strategic opportunities in long-duration energy storage scenarios, launching the first industry-specific long-duration energy storage battery, the ∞Cell 1175Ah, and the ∞ Power 6.25MWh long-duration energy storage system [2] - Haicheng Energy Storage is actively involved in formulating national and industry standards related to long-duration energy storage, promoting advancements in efficiency, economy, and safety [2] Manufacturing Innovations - The company is constructing a fifth-generation facility characterized by high automation and intelligence, which is expected to significantly enhance labor efficiency, reduce manufacturing costs, and improve product quality consistency [2] - Advanced Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) are being integrated to monitor production lines in real-time, ensuring timely identification and resolution of quality issues [2] Market Position - Haicheng Energy Storage's success is attributed to its continuous investment in technological innovation and keen market demand insights, further enhancing product performance through the integration of upstream and downstream resources in the industry chain [3] - The company is solidifying its leading position in the global energy storage industry, contributing significantly to global energy transition efforts [3]

Core Viewpoint - Haicheng Energy has submitted its listing application to the Hong Kong Stock Exchange, aiming to become a leading global brand in energy storage solutions [1] Company Overview - Established in 2019, Haicheng Energy focuses on energy storage batteries and systems, catering to various applications including grid-side, data centers, commercial, and residential needs [2] - The company has developed a comprehensive R&D capability across the entire energy storage value chain, including materials, batteries, systems, and solutions [2] - Haicheng Energy has launched several industry-leading energy storage products, including various specialized batteries and energy storage systems [2] Market Position and Growth - Haicheng Energy has achieved a significant milestone by ranking third globally in lithium-ion energy storage battery shipments, with a shipment volume of 35.1 GWh in 2024, reflecting a compound annual growth rate (CAGR) of 167% over the past three years [3] - The company's revenue has surged from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, with a CAGR of 89% [3] Profitability and Financial Performance - The gross profit and gross margin of Haicheng Energy have shown consistent growth from 410 million yuan and 11.3% in 2022 to 2.309 billion yuan and 17.9% in 2024, respectively [4] - The company achieved a net profit of 288 million yuan in 2024, marking a turnaround from previous losses [4] Global Expansion Strategy - Haicheng Energy has expanded its business to over 20 countries and regions, becoming the only company focused solely on energy storage in the GWh-level lithium-ion battery shipment category [3] - The company has successfully established a presence in key global markets, including the U.S. and Europe, and is recognized for its localized operations and product offerings [4][6] Industry Trends - The global energy storage market is experiencing sustained growth, driven by the transition to a green and low-carbon energy structure [7] - The demand for long-duration energy storage solutions is increasing, with projections indicating that the share of lithium-ion batteries used for long-duration storage will rise significantly by 2030 and 2050 [7] Future Plans and Fund Utilization - The funds raised from the IPO will primarily be used to enhance production capacity, invest in R&D, and support global sales and service networks for overseas expansion [8] - Haicheng Energy aims to leverage its technological advancements and market expansion opportunities to solidify its position in the energy storage industry [8]