Core Financial Performance: Steady Revenue Growth and Significant Margin Improvement - Revenue reached 9.491 billion, a year-on-year increase of 24.9%, primarily driven by a doubling in sales of power and energy storage batteries [2] - Net loss narrowed significantly to -0.065 billion, an 85.3% reduction year-on-year; excluding merger integration costs, the actual operating loss was only 0.063 billion, a 90.4% year-on-year reduction [3] - Cash flow improved, with capacity utilization exceeding 90% (reaching 100% in July) and orders extending to the end of the year, indicating a significant optimization in operating cash flow [4] - Gross profit surged to 0.829 billion, a 177.8% year-on-year increase; gross margin was 8.7%, up 4.8 percentage points from 3.9% in the same period last year [5] Business Structure Evolution: Energy Storage as the Growth Engine - Energy storage battery shipments reached 18.87 GWh, a 119.3% year-on-year increase, accounting for 53.6% of revenue; it is the global leader in household energy storage cells and ranks among the top five in energy storage cells [7] - Power battery shipments were 13.53 GWh, a 78.5% year-on-year increase, representing 42.4% of revenue; it ranks second in domestic heavy-duty trucks and has an 18% market share in commercial vehicles [7] - Energy storage revenue surpassed power battery revenue for the first time at 5.083 billion, driven by a surge in overseas household storage orders (70% of energy storage revenue) and large storage projects [7] Customer Expansion and Order Growth - Secured a 2.5 GWh energy storage agreement with South Korea's Xiaoxing Heavy Industry and is supplying a 10 GWh liquid cooling system to Energy Vault in the U.S., entering the top 5-7 global household storage customers [9] - Local production in Indonesia (Phase 1, 8 GWh) is set to commence in 2025, targeting Southeast Asia's electric commercial vehicle and grid storage needs; collaborations with Stellantis and Volvo in Europe are deepening [10] Technology Innovation and Capacity Planning: Strengthening Long-term Competitiveness - Energy storage cells feature a 392Ah peak cell energy density of 415 Wh/L and a cycle life of 12,000 times, passing GB44240-2024 safety certification [13] - Existing production lines are operating at full capacity, with plans to expand by over 20% by 2026, ensuring that production meets demand immediately [14] Strategic Focus and Future Planning - The goal is to achieve profitability by the second half of 2025, relying on the ramp-up of overseas energy storage and increased market share in commercial vehicles [16] - The company is advancing solid-state sodium battery research and focusing on eVTOL and long-duration energy storage scenarios [17] - Leveraging resources from Qingshan Group's nickel mines in Indonesia to strengthen upstream supply chain control [18] Conclusion: Strategic Transformation Showing Results - The company has achieved a performance turnaround through energy storage growth, high-margin overseas orders, and refined operations, as evidenced by the half-year report [19] - Business structure optimization with energy storage accounting for over half of revenue mitigates pressure from the power battery sector [19] - Global expansion through localized production and focused customer strategies opens up premium pricing opportunities [19]

储 能 电 池 出 货 1 8 . 8 7GWh ， 同 比 增 长 约 11 9 . 3% ， 储 能 电 池 产 品 销 售 产 生 的 收 入 5,082 . 6 百万元， 同比 增长58.4% ； 动 力 电 池 出 货 1 3 . 5 3GWh ， 同 比 增 长 约 78.5% ， 动 力 电 池 产 品 销 售 产 生 的 收 入 4,026 . 6 百万元， 同比 增长40.9% 。 文 | 中关村储能产业技术联盟 8 月 11 日，瑞浦兰钧中期业绩公告发布。 截至报告期末，瑞浦兰钧总资产为人民币 3 8 , 8 9 2 . 5 百万元，较上年底增长 0.9%；净资 产为人民币 1 0 , 3 2 2 . 5 百万元，与上年底基本持平。 报 告 期 内 ， 实 现 收 入 人 民 币 9,491.1 百 万 元 ， 较 上 年 同 期 增 长 2 4 . 9% 。 公 司 共 销 售 3 2 .4GWh 锂电池产品，较上年同期增长 100.2%。其中， 相较于去年同期的毛利人民币 158.8 百万元， 公司动力及储能电池产品于报告期内录得 毛利人民币 77 7.7 百万元，同比增长 389.7 ...

消息面上，瑞浦兰钧拟8月11日举行董事会会议批准中期业绩。公司此前发布业绩预告，预期上半年收 入约人民币93亿元至98亿元，同比增长约22.4%至29.0%；上半年净亏损约5,000万至1亿人民币，同比减 少约84.8%至92.4%。主要由于动力及储能电池产品出货量持续增加，带动收入持续增长；资源整合与 降本增效措施带动毛利显著提升；及"降本增效"战略有效管控报告期的费用。 东莞证券指出，据乘联分会初步统计7月全国乘用车新能源零售100.3万辆，同比增长14%，环比下降 10%；全国乘用车厂商新能源批发117.9万辆，同比增长25%，环比下降4%。7月车市处于传统淡季，新 能源汽车产销环比有所回落，同比较快增长。随着下游新能源汽车市场"金九银十"传统旺季临近，动力 电池需求预期逐渐回暖；储能需求维持高位，8月行业整体供给或小幅扩张。 瑞浦兰钧(00666)午后飙升逾17%，截至发稿，涨5.24%，报12.04港元，成交额1.46亿港元。 ...