出货量的快速增长，得益于技术创新与产能布局的双重支撑。瑞浦兰钧在上海、温州、嘉善设立三大研 发中心，截至2025年6月30日拥有1072名研发人员，累计获授2977项专利；动力电池领域的问顶54Ah电 芯成为混动市场标杆，4C-6C超充电芯稳步推进，储能领域的问顶392Ah电芯及配套Powtrix6.26MWh系 统通过极端安全测试，循环寿命超10000次。据悉，"问顶"系列总出货量已超20GWh。 作为青山集团旗下核心新能源资产，瑞浦兰钧背靠全球不锈钢和镍金属巨头的产业资源，青山实业已将 产业链延伸至锂、钴等新能源核心资源领域，为公司提供了长期稳定且具成本优势的原材料供应。这一 独特的产业链协同"护城河"，使其在原材料价格波动周期中具备更强的议价能力与风险对冲能力，成为 降本增效的关键支撑。 2月2日，瑞浦兰钧(00666)发布上市以来首份盈喜公告。公告显示，公司预计截至2025年12月31日止年 度实现净利润6.3亿元至7.3亿元(人民币，下同)，较2024年同期净亏损13.53亿元成功扭亏为盈。盈利突 破核心源于两大关键因素协同发力：一方面是动力及储能电池产品出货量持续增加，有效带动收入稳步 增长；另一 ...

2月2日，瑞浦兰钧（00666）发布上市以来首份盈喜公告。公告显示，公司预计截至2025年12月31日止 年度实现净利润6.3亿元至7.3亿元（人民币，下同），较2024年同期净亏损13.53亿元成功扭亏为盈。盈 利突破核心源于两大关键因素协同发力：一方面是动力及储能电池产品出货量持续增加，有效带动收入 稳步增长；另一方面是产能利用率提升与降本增效措施落地，推动毛利显著改善。 两大驱动因素形成的"量利齐升"正向循环，标志着公司业务正式告别培育期，迈入高质量盈利新阶段。 受盈喜利好影响，公司股价于2月2日盘中反应积极，一度上涨至12.99港元，最大涨幅达12.6%，资本市 场对公司基本面改善的认可直接显现。 智通财经APP了解到，在动力电池领域，瑞浦兰钧产品覆盖乘用车、商用车、工程机械等多元场景，凭 借高能量密度、长循环寿命等优势，与国内外头部车企建立长期稳定合作。2025年上半年，公司动力电 池出货量达13.53GWh，同比增长78.5%，在国内磷酸铁锂动力电池装机量中排名第七。 据绿色重卡统计数据显示，2025年公司新能源重卡电池装车量同比大增278.74%，市占率提升至 8.14%，稳居全国第二。公司针对 ...

Core Viewpoint - 瑞浦兰钧 has demonstrated significant improvement in multiple core indicators for the first half of 2025, continuing the sales growth momentum from 2024 and achieving strong profitability breakthroughs, which injects confidence into the company's long-term stable development [1] Financial Performance - In the first half of 2025, 瑞浦兰钧 achieved revenue of 9.491 billion yuan, a year-on-year increase of 24.9%; gross profit reached 829.354 million yuan, a substantial increase of 177.8% [2] - The total sales volume of lithium battery products reached 32.4 GWh, a year-on-year increase of 100.2%, with energy storage battery shipments at 18.87 GWh (up 119.3%) and power battery shipments at 13.53 GWh (up 78.5%) [2] - The gross margin improved from 3.9% in the same period last year to 8.7%, with the gross margin for power and energy storage battery products increasing from 2.6% to 8.5% [3][4] Market Position - 瑞浦兰钧 ranked among the top five globally in energy storage cell shipments and first in user energy storage cell shipments; it ranked seventh in domestic lithium iron phosphate power battery installation volume [2] - The company holds a 7.5% market share in the new energy heavy truck battery sector and a 9% share in the battery swap heavy truck sector, both ranking second nationally [2] Competitive Advantage - The company has enhanced its production capacity utilization and achieved a gross margin increase due to scale effects and a cost-reduction strategy, with administrative expenses down by 20.1% year-on-year [3] - R&D investment reached 356 million yuan, focusing on high energy density, long life, and high safety products, with a total of 2,977 patents granted, including nine related to solid-state and semi-solid-state batteries [7][8] Global Expansion - 瑞浦兰钧 is actively expanding its global market presence, establishing deep partnerships with leading domestic and European automotive companies, and has signed over 20 GWh procurement agreements in the energy storage sector [9] - The company is advancing its battery manufacturing base in Indonesia and plans to establish new factories in Southeast Asia, Europe, and South America to mitigate geopolitical risks and meet overseas market demands [9] Strategic Outlook - The company's performance in the first half of 2025 validates the effectiveness of its "power + energy storage" dual-drive strategy, transitioning from scale expansion to profit realization, with expectations for enhanced long-term competitiveness as production capacity is released and high-end products are launched [10]