Core Viewpoint - The article highlights the significant growth and market achievements of Ruipu Lanjun in the energy storage sector, showcasing record-breaking orders and expanding market presence in both domestic and international markets [1][8]. Order Growth - Ruipu Lanjun has secured over 26.5 GWh of energy storage orders in 2025, setting a new industry record. The total energy storage order capacity for 2024 exceeded 27 GWh, laying a solid foundation for business development [1][8]. - In the first half of 2025, the company achieved over 22.5 GWh in orders, nearing the total order volume of the previous year [8]. - Key contracts include a 2.5 GWh order with Korea's Hyundai Heavy Industries in May and a significant agreement with eight companies in June, totaling over 20 GWh [8]. Market Performance - In the first half of 2025, Ruipu Lanjun's energy storage battery shipments reached 18.87 GWh, representing a 119.3% increase year-on-year, significantly outpacing the industry average [8]. - The company has become the global leader in both household storage cells and user-side cells, marking its position as a top player in the sector [8]. Financial Health - As of the latest data, Ruipu Lanjun holds cash reserves of 4.212 billion yuan, ensuring sufficient liquidity for short-term operational needs [10]. - The company has effectively managed accounts receivable, with over 68% of receivables due within three months, indicating a short collection cycle and high cash recovery efficiency [10]. Market Share in Power Sector - In the new energy heavy truck market, Ruipu Lanjun's battery market share reached 7.5%, with a remarkable 18% share in battery swapping heavy trucks, reflecting an 809% increase year-on-year [9]. - The core technology product, the 324Ah Pro battery cell, meets the high endurance requirements of heavy trucks with an energy density of 198 Wh/kg and a lifecycle of over 10,000 cycles [9].

Core Insights - The Chinese battery swapping heavy truck market is expected to experience explosive growth in the first half of 2025, with terminal sales reaching 24,491 units, a year-on-year increase of 175%, driving the total battery installation volume to 9,626 MWh (approximately 9.6 GWh) [1] - Ruipu Lanjun has shown outstanding performance with a battery installation volume of 1,708.9 MWh (approximately 1.7 GWh) and an 18% market share, ranking second in the market [1] - The company leverages innovative technology, flexible selection mechanisms, and customized solutions to deeply bind with multiple OEMs and core operational scenarios, demonstrating strong market expansion capabilities and supply chain strength [1] Industry Outlook - The continuous expansion of the battery swapping heavy truck market will enable Ruipu Lanjun to accelerate technological innovation and deepen scenario-based applications [1] - The company aims to provide more competitive technology and product support for the improvement of the global green freight distribution system and the deep transformation of the transportation sector, driving sustainable progress in the industry [1]