Core Viewpoint - Haibosichuang has successfully transformed its strategy and upgraded its operations in response to profound changes in the industry, focusing on high-quality development through expanding energy storage applications, global market outreach, and enhancing digitalization and smart technologies [2][3]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.522 billion yuan, a year-on-year increase of 22.66% - The net profit attributable to the parent company was 316 million yuan, reflecting a growth of 12.05% compared to the same period last year [2]. Product Development - Haibosichuang launched two significant large-scale energy storage products in the first half of the year, aligning with market demand for high capacity and efficiency - The domestic market saw the introduction of the 8MWh all-liquid cooling energy storage system HyperBlock IV, which features a 40% increase in energy density - In the overseas market, the HyperBlock M modular energy storage system was launched, allowing customization of product size and capacity, enhancing flexibility and adaptability [2][3]. Market Strategy - The company has identified a shift in the energy storage sector from a traditional supporting role to an active role in supporting power systems, with market transactions accelerating this year - Haibosichuang is implementing a "Storage + X" strategy, exploring various commercially viable applications, including independent energy storage stations and integrated solutions [3][4]. Global Expansion - The company is rapidly advancing its global market presence, having established sales and service networks in Europe, North America, and the Asia-Pacific region - Successful projects in Sweden and Germany have provided valuable experience for further expansion in the European market [3][4]. Industry Collaboration - Haibosichuang is deepening its industry chain layout and building an energy storage ecosystem, achieving breakthroughs in key scenarios such as integrated source-network-load-storage systems - The company has partnered with leading AI firms to leverage advanced AI technologies in energy storage applications, enhancing operational management and exploring multi-scenario applications [4].

Core Insights - Company achieved a revenue of 4.522 billion yuan, a year-on-year increase of 22.66%, and a net profit of 316 million yuan, up 12.05% [1] - Total assets reached 12.059 billion yuan, growing by 9.91% since the beginning of the year, while net assets attributable to shareholders increased by 29.95% to 4.082 billion yuan [1] - The company is focusing on the energy storage market, exploring profitable models for independent energy storage stations, and promoting new business models such as solar-storage integration and customized commercial scenarios [1] Financial Performance - Revenue for the first half of 2025 was 4.522 billion yuan, reflecting a 22.66% increase year-on-year [1] - Net profit attributable to shareholders was 316 million yuan, marking a 12.05% growth [1] - Total assets amounted to 12.059 billion yuan, with a 9.91% increase from the start of the year [1] - Net assets attributable to shareholders reached 4.082 billion yuan, up 29.95% since the beginning of the year [1] Market Strategy - The company is advancing its "Energy Storage + X" strategy, exploring various commercially viable applications such as independent energy storage stations and solar-storage integration [2] - It is optimizing technology based on different application scenarios and providing systematic technical support across the entire industry chain [2] - The company has established a global sales and service network in Europe, North America, and Asia-Pacific, enhancing its market presence [2] Strategic Partnerships - The company has formed long-term partnerships with several international firms, including a strategic collaboration with Repono for a 1.4 GWh grid-level energy storage project in Europe [3] - It is also working with Alpina to provide 5,000 charging-storage integrated machines in Singapore and the Asia-Pacific region from 2025 to 2027 [3] Technological Advancements - The company is leveraging its vast data and technological advantages to create an AI big data platform, enhancing the safety and operational capabilities of energy storage systems [3] - It is promoting the application of AI, big data, and digital twin technologies throughout the entire lifecycle of energy storage systems [3] Industry Collaboration - The company is achieving breakthroughs in various key scenarios, including integrated energy storage solutions for mining, oil fields, and charging stations [4] - Strategic partnerships have been established with companies like Huawei Digital Energy and CATL to foster collaboration in zero-carbon energy and smart manufacturing [4]

Core Insights - Haibo Sichuang achieved a revenue of 4.522 billion yuan in the first half of 2025, representing a year-on-year growth of 22.66%, and a net profit of 316 million yuan, up 12.05% from the previous year [1] - The company is undergoing a strategic transformation to adapt to profound changes in the industry, focusing on expanding energy storage applications, global market outreach, and enhancing digitalization and smart technologies [1][2] Group 1: Product Development - Haibo Sichuang launched two major energy storage products in the first half of the year, including the 8MWh all-liquid cooling energy storage system HyperBlock IV, which features a 40% increase in energy density [1] - The company also introduced the HyperBlock M modular energy storage system in overseas markets, allowing for customizable product sizes and capacities, enhancing flexibility and adaptability [1] Group 2: Market Strategy - The company is shifting from a traditional supporting role to actively supporting the power system, with energy storage becoming a critical tool in market transactions across various industries [2] - Haibo Sichuang is advancing its global market presence, having established sales and service networks in Europe, North America, and the Asia-Pacific region, which enhances its responsiveness to global customers [2] Group 3: Industry Collaboration - The company is focusing on deepening its industrial chain layout and building an energy storage ecosystem, achieving breakthroughs in key scenarios such as integrated source-grid-load-storage systems and mining [3] - Haibo Sichuang has partnered with leading AI firms to leverage advanced AI technologies in energy storage applications, aiming to promote the integration of AI and energy storage industries [3]