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 - 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]