Core Insights - The company achieved a revenue of RMB 16.419 billion in the first half of 2025, representing a year-on-year growth of 31.7% [3] - The gross profit increased from RMB 1.948 billion to RMB 2.879 billion, with a gross margin rising from 15.6% to 17.5% [3] - Net profit for the period rose to RMB 753 million, with a basic earnings per share of RMB 0.2629, reflecting an increase of 87.1% year-on-year [3] Revenue Breakdown - Revenue from power batteries amounted to RMB 10.662 billion, accounting for 64.9% of total revenue [3] - Revenue from energy storage systems and other sources was RMB 5.757 billion, making up 35.1% of total revenue [3] Business Performance - The company ranked fourth globally and third domestically in power battery installation volume, with a total of 21.8 GWh [3] - The company also ranked fourth globally in energy storage cell shipments [3] - The company has launched mass production of various battery products for passenger vehicles, including high-voltage 5C nickel-cobalt-aluminum batteries and lithium iron phosphate supercharging batteries [3] - In the commercial vehicle sector, the company has successfully delivered products ranging from light trucks to heavy trucks and specialized engineering machinery [3] Product Development - The company is advancing research and development in all-solid-state and semi-solid-state batteries [3] - The management has revised the shipment guidance for 2026 upwards by nearly 20% to 180 GWh [3]